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$749,000   Price Analysis
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1039 1041 Ne Grant St
Newport, OR 97365
7 bed 7 bath 2,720 SqFt ($275/SqFt)
7,405SqFt lot. Built 1940
Listed 2024-05-02, Taxes $2,831
USDA Eligible
near Beverly Beach, OR
 Restrictions may apply
due to home size

MULTIPLE OPPORTUNITIES in this house remodeled into a duplex.

Rent both duplex units for a exceptional income stream. Live on main level and rent out dylight basement full time OR short term w/city permit. Work at home, big office set up.

Main level - 4 bd, 1.5 bath, 1710 sq ft, all new paint, flooring, kitchen, appliance s, bathrooms, decks, all appliances included, incl. W/D. Daylight Basement - 3 bd, 1 bath, 990 sq ft, all new pai


Presented by Suzie Miller at
JOHN L. SCOTT REAL ESTATE - SALEM.


Property MLS #24354949 from RMLS

Bedrooms: 7

Full Bathrooms: 7

Heating Features: ForcedAir
Heating: Yes
Water Heaters: Electricity, Gas

Basement Description: Daylight, Finished

Lot Description: Trees
Lot Size Acres: 0.1699954
Lot Size Square Feet: 7405

Road Surface Type: Dirt

Parking Features: Open

View: Territorial

Elementary School: Yaquina View
High School: Newport
Middle School: Newport

Sam Case Elementary School is a public elementary school located approximately 0.1 miles away.
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Newport High School is a public high school located approximately 0.4 miles away.
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Newport Middle School is a public middle school located approximately 0.3 miles away.
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Learning Opportunities Center is a private high school located approximately 0.6 miles away.
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Gross Income: 51600
Rent Includes: MaintenanceGrounds

Number of Units: 2
Unit Type: UnitTypeType1, UnitTypeType2
Bedrooms in Unit-1: 4
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 6
Total Bathrooms in Unit-2: 1

Calculated Total Monthly Association Fees: 0

LotSizeRange: SqFt7000to9999
Annual Tax Amount: 2921.599999999
Source Listing Status: Active
County: Lincoln
Cap Rate: 6.89
Directions: 7th
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: R250758
Zoning: R2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$156,310
$2,831
2021$unknown + $unknown
$128,400
$2,354
2020$unknown + $unknown
$124,660
$2,298
2019$unknown + $unknown
$121,030
$2,200
2018$unknown + $unknown
$117,510
$2,132
2017$unknown + $unknown
$114,090
$2,113
2016$unknown + $unknown
$110,770
$2,068
2015$unknown + $unknown
$107,550
$1,918
2014$unknown + $unknown
$104,420
$1,874
2013$unknown + $unknown
$101,380
$1,778
2012$unknown + $unknown
$98,430
$1,706
2011$unknown + $unknown
$95,570
$1,654
2010$unknown + $unknown
$92,790
$1,612
2009$unknown + $unknown
$90,090
$1,563
2008$unknown + $unknown
$90,090
$1,537
2007$unknown + $unknown
$84,920
$1,485

Listed 2024-05-03
$749,000
OCMLS
Listed 2024-05-02
$749,000
RMLS
Listing removed 2024-03-28
$850,000
RMLS
Listing removed 2023-10-03
$0
Willamette
Price Changed 2023-09-15
$775,000
Willamette
Listed 2023-08-15
$799,900
Willamette
Sold 2022-05-05
$290,000
OCMLS

Net Operating Income: 51600

Year Built: 1940
Building Area Total: 2720
Building Exterior Type: WoodSiding
Foundation Details: ConcretePerimeter, Slab
Property Age: 84
Property Condition: Restored
Roof: Shingle
Levels or Stories: 3

Sewer: PublicSewer
Water Source: PublicWater
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.