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246 NE 3rd, 
Newport, OR 97365

$795,000

6

Beds

4

Baths

2,992

Sq Ft

Multi-Family

Active

Listed by

Michael T Burkhard

, 

Sonja S. Lovas

Martek Real Estate

541-265-8785

Last updated:

October 28, 2026, 03:34 PM

MLS#

26-2681

Source:

OR LCBR

About This Home

246 NE 3rd

Exceptional opportunity to own a cash-flowing 4-plex featuring a highly desirable, easy-to-rent unit mix. This well-maintained residential income property comprises two spacious 2-bedroom units and two comfortable 1-bedroom units, perfectly catering to a wide variety of coastal tenants. Totaling 2,984 sq. ft. of living space, the building is situated on a low-maintenance lot.

Home Facts

Multi-Family

4 Baths

6 Bedrooms

Built in 1978

Subdivision & Development:

Fredericksburg

Price Summary

795,000

$265 per Sq. Ft.

MLS #:

26-2681

Last Updated:

October 28, 2026, 03:34 PM

Added:

25 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Structure

Structure

Architectural Style:

Traditional

Building Area:

2,992 Sq. Ft.

Year Built:

1978

Lot

Lot Size (Sq. Ft):

4,791

Finances & Disclosures

Finances

Price:

$795,000

Price per Sq. Ft:

$265 per Sq. Ft.

Source:OR LCBR
The information being provided by Lincoln County Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Lincoln County Mls All rights reserved. OR LCBR Member Broker: Andy Johnson

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.