166 NE 8TH ST

Newport, 97365

  • 1 Bed

  • 1 Bath

  • 775 SqFt

  • 1 DOM

  • Built: 1976

  • Status: Active

$1,600,000

X

166 NE 8TH ST

Newport 97365

$1600000

  • 1 Bed

  • 1 Bath

  • 775 SqFt

  • 1 DOM

  • Built: 1976

  • Status: Active

Love this home?

Venkatesan Muthu

Broker

(971) 330-1856

Exceptional Investment Opportunity – 10-Unit Complex in the Heart of Newport!Discover a rare opportunity to own a well-maintained 10-unit apartment complex ideally situated in the heart of Newport. Each 1-bedroom, 1-bathroom unit features a refrigerator, electric range/stove, and private back deck—perfect for tenants seeking comfort and convenience near coastal amenities. The property offers 6 covered carports plus 4 additional parking spaces, along with an on-site laundry facility for tenant ease. Property includes 3 storage spaces: the biggest one is 17'x28'; 2nd is 8'x12', and the 3rd is 8'x9'. Just a few blocks from Nye Beach. Rent includes water and garbage services, a 6.5% cap rate and a strong history of full occupancy, this is a proven income-producing property that rarely sees turnover.

Residence Information

  • 775

  • 1

  • 1

  • Composition

  • Carport,OffStreet

  • 1976

  • No

  • VinylSiding

Features and Utilities

  • Zoned

  • PublicSewer

  • Electricity

Financial

  • 9938.44

  • MaintenanceGrounds,TrashCollection,Water

  • Cash,Conventional

  • 11-13-2025

  • No

  • No

Comparable Information

  • 1

  • 1

  • Cash,Conventional

  • $1,600,000

  • $1,600,000

  • Nov 13, 2025 15:40

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Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.

— Jagathishp

Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.

— Vignesh Chan

Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.

— Praveen

Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.

— Alishetty

Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.

— Ramren Garajan

Thinking about buying or selling. Let’s Talk.

Whether you’re looking to buy your dream home, sell your property for the best price, or explore investment opportunities, PDXA1 Realty Group is here to help. With expertise, personalized service, and a commitment to your goals, we’ll guide you every step of the way. Contact us today at (971) 330-1856 let’s start the conversation!

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