#608220111, Mark Peterson, Listing office: Redfin
118 SW Brook St Newport, OR 97365
Property details
About 118 SW Brook St
Investor alert in prime Nye Beach location! Zoned R4, this 0.14-acre lot offers development potential—build a motel, lodge, clinic, office, or multi-unit housing. The current 3 bed, 1 bath home uses half the lot—develop the other half or expand upward to capture the ocean views. Enclose the unfinished basement for added living space or rebuild the detached garage for storage or ADU potential. Updated electric panel (approx. 3 years ago). Just blocks from shops, restaurants, and the beach. Ocean views from main level—stunning views possible from upper floors. Endless options in a high-demand coastal zone. This is a rare find with major upside in Newport's sought-after Nye Beach District! Buyer to confirm permitted uses, building or remodeling guidelines and restrictions, with the county.
Highlights
Summary
- Full Bathrooms: 1
- Appliances: Range, Refrigerator
- Basement: Yes
- Total Bedroom Count: 3
- Garage Space: 1 space
- Attached Garage: No
- Parking: Driveway
- View: Ocean
- Architectural Style: 2 Story, Cottage
- Heating: Baseboard
- List Price: $325,000
- Price/SqFt: $326
- Annual Tax Amount: $2,177
- Tax Year: 2023
- Lot: Level, Sloped
- Directions: From HWY 101 heading North turn west onto 2nd street, turn right onto NW Brook st and property is on
- Year Built: 1915
- Stories: 3
- Living Area: 995 SqFt
- Lot Size: 0.14 Acres
- MLS Number: 604735773
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Realty One Group At The Beach
- Office Phone: (971) 600-3663
- Listing Agent: Gina Bebek
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Last updated on: 6/6/2025, 11:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$325,000
118 SW Brook St
$3,859
closing credit¹
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0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
May 15, 2019 | Home Sold | $120,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $119,970 | $2,177 |
2022 | $116,480 | $2,110 |
2021 | $113,090 | $2,110 |
2019 | $106,610 | $1,937 |
2018 | $103,510 | $1,878 |
2017 | $100,500 | $1,861 |
History based on county public records data.
Nearby schools
6
Sam Case Elementary School
Public District 3-5
0.9 mi
•459 NE 12th St
6
Toledo Elementary School
Public District KG-6
6.9 mi
•600 SE Sturdevant Rd
6
Crestview Heights School
Public District KG-6
15.9 mi
•3000 Crestline Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $63,056. Residents of Newport, OR typically earn between $35k-100k each year. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
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Frequently asked questions
About 118 SW Brook St
The listing price of 118 SW Brook St property is $325,000.
The property 118 SW Brook St is a house located in Newport, Oregon, 97365.
Active Listing: 118 SW Brook St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 118 SW Brook St are: Sam Case Elementary School (GreatSchools Rating 6/10), Toledo Elementary School (GreatSchools Rating 6/10), Crestview Heights School (GreatSchools Rating 6/10), Newport Middle School (GreatSchools Rating 5/10), Toledo Jr. High School (GreatSchools Rating 5/10), Waldport Middle School (GreatSchools Rating 3/10), Newport High School (GreatSchools Rating 2/10), Toledo Jr/Sr High School (GreatSchools Rating 1/10), Siletz Valley Schools (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $2,177 (source: MLS/based on county public records data).
The last sale was on May 15, 2019 for $120,000 (source: MLS/tax record).
The property at 118 SW Brook St has 3 bedrooms and 1 bathroom.
The property 118 SW Brook St is 995 SqFt (source: MLS/tax record).
The year of construction for 118 SW Brook St is 1915.
This home is located at 118 SW Brook St in Newport, OR and zip code 97365 in the Nye Beach neighborhood. This 995 square foot home, which was built in 1915, sits on a 0.14 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 6, 2025 and is currently priced at $325,000.
While more than 0 listings in Newport, OR in May 2025 were sold above asking price, there were more than 1 listings sold at asking price, and more than 5 were sold below. Between April and May 2025, Newport, OR real estate market has seen increase in the number of listings by 20%. The median list price of listings available in May 2025 was $450,000, while the average time on the real estate market was 125 days.