SOLD | 1007 SW Alder, Newport


8.1% cap rate on actuals

6 Units – Studio / 1 bath, (4) 1 bed / 1 bath and (1) 2 bed / 1 bath on separate tax lots

Property has been well maintained

Plenty of rent upside

Located just blocks from Highway 101 with easy access to numerous amenities including shopping, restaurants and Oregon Coast attractions

Close proximity to Yaquina Bay Waterfront

Please do not disturb any of the residents

Submit offer to purchase subject to property inspection

SMI Real Estate, Gabe Johansen Principal Broker and Ryan Brush Broker, Licensed in the State of Oregon represented the Seller in this transaction.

Gabe’s Other Properties

Ryan’s Other Properties