Residential Land with Home for Sale in Newport, Oregon

Multi-Unit Investment Opportunity with Yaquina River Views - 3.86 Acres Just Outside Newport. Solid income potential meets practical infrastructure on this multi-property parcel. With Yaquina River views, two wells, and three septic systems already in place, this property is ready for an investor looking to generate consistent rental income with room for growth. The setup includes: two detached stick-built homes, each 2 bedrooms and 1 bathroom-one with an attached garage, plus a 4-unit building with river views, complete with two garages and two carports for tenant parking. The land offers a mix of forest, open grassy areas, and a year-round creek, creating a private, peaceful setting that appeals to long-term tenants and potential short-term renters alike. Plenty of flexibility here-live in one unit and rent out the others, or operate the entire property as a fully leased investment portfolio. With multiple dwellings, essential systems already in place, and demand for rentals in the area, this property is a smart play for anyone looking to build or expand their income stream on the Oregon Coast.