OPEN HOUSE Sun, Oct 04 2026 09:00 AM - 10:30 PM
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OPEN HOUSE Sun, Oct 04 2026 09:00 AM - 10:30 PM

$649,000

3 Beds 2 Baths 1,741 SQFT 0.09 Acres
Type: Single Family

561 W Olive Street
Newport, OR 97365

MLS#: 261655
Nick Dyer
Nick Dyer
Premiere Property Group
Broker
Phone: 541.270.2814
Office: 541.264.7220
Presented by: MORE Realty

Property Description

 

Endless possibilities await with this versatile property just moments from Newport's beloved Nye Beach. Whether you're searching for a full-time residence, multigenerational living arrangement, or an opportunity to offset expenses with separate living quarters, this unique home offers flexibility to fit a variety of lifestyles. The property features two distinct living spaces with interior access between the two. The main unit offers 2 bedrooms, 1 bathroom, and its own laundry area, while the second unit includes 1 bedroom and 1 bathroom, creating the perfect setup for extended family, guests, or additional living space. The upper unit boasts a spacious deck where you can relax and enjoy coastal sunsets and refreshing sea breezes. Situated on a large corner lot, the home offers a generous yard with plenty of room for gardening, outdoor entertaining, or simply enjoying the coastal surroundings. A spacious two-car garage provides ample storage and parking. Recent updates include fresh interior paint and new flooring, giving the home a clean, refreshed feel and making it move-in ready. Conveniently located near beach access, schools, shopping, dining, and all the charm that Nye Beach has to offer, this is a rare opportunity to enjoy flexible coastal living in one of Newport's most sought-after locations. Whether you're looking to live together while maintaining privacy, accommodate extended family, or simply enjoy extra space, this property is one you won't want to miss. Buyer to perform due diligence regarding possible future uses for the property.


 

Interior Features

Bedrooms

Total Bedrooms3

Bathrooms

Total Baths2

Other Interior Features

Above Grade Finished Area1,741 sqft
Air Conditioning Y/NYes
Basement (Y/N)No
Below Grade Finished Area0 sqft
Fireplace Y/NNo
FlooringCarpet, Laminate
Furnished Y/NUnfurnished
Heating Y/NYes
Interior AmenitiesStorage
Window FeaturesBlinds, Double Pane Windows, Vinyl Frames

General

Additional Parcels Y/NNo
AppliancesDishwasher, Dryer, Electric Oven, Electric Range, Microwave, Washer, Water Heater, Refrigerator
Architectural StyleTraditional
Attached Garage No
Carport Y/NNo
CityNewport
CoolingElectric
CountyLincoln
DirectionsWest Olive Street to property on the left.
Garage Spaces2.0
Garage Y/NYes
HOANo
HeatingElectric, Wall Furnace
High School DistrictLincoln County School District
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet3,920 sqft
Lot Size UnitsAcres
Patio/Porch FeaturesDeck, Front Porch
PossessionClose Of Escrow
Property SubtypeSingle Family Residence
Property TypeResidential
Rent Control Y/NNo
RoofComposition
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
Senior Community Y/NNo
Standard StatusActive
StatusActive
Subdivision NameN/A
Tax Annual Amount$5,105
Tax Year2025
Total Rooms10
UtilitiesCable Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
Year Built2007
Year Built SourcePublic Records
ZoningR-4 Residential

Exterior

Building Area Total1,741 sqft
Crops Included Y/NNo
Foundation DetailsConcrete Perimeter
Horse Y/NNo
Lot FeaturesLevel, Corner Lot
Lot Size Acres0.09
Lot Size Area0 sqft
Parking FeaturesDriveway, Off Street
Road Frontage TypeCity Street
Road Surface TypeAsphalt
SpaNo
Water SourcePublic

Additional Details

Price History

Schools 

High School N/A
Elementary School N/A
Middle School N/A

  

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$649,000

3 Beds 2 Baths 1,741 SQFT 0.09 Acres
Type: Single Family

561 W Olive Street
Newport, OR 97365

MLS#: 261655
Nick Dyer
Nick Dyer
Premiere Property Group
Broker
Phone: 541.270.2814
Office: 541.264.7220