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561 W Olive St, Newport
$649,000
Save- Price per sqft
- $372.77
- Built in
- 2007
- Property size
- 1,741 sqft
- Lot size
- 3,920 sqft
- Property type
- Residential
- Days on market
- 111
Overview
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.
Details
Interior
- Interior features
- Laminate Flooring, Wall to Wall Carpet
- Appliances
- Dishwasher, Free Standing Range, Free Standing Refrigerator, Microwave
- Cooling
- No
- Heating
- Yes
- Heating description
- Wall Furnace
- Windows
- Double Pane Windows, Vinyl Frames
Exterior and lot
- Lot size
- 3,920 sqft
- Exterior features
- Deck, Porch
- Architectural style
- Two Stories
- Roof
- Composition
- View
- No
Utilities
- Sewer
- Public Sewer
- Water source
- Public Water
Parking
- Garage spaces
- 2
- Total parking
- 2
Schools
- High school
- Newport
- Middle school
- Newport
- Elementary school
- Yaquina View
Location
- City
- Newport
- County
- Lincoln
Taxes and dues
- Annual taxes
- $5,214 (2025)
Location
561 W Olive St, Newport, OR 97365

Monthly payment estimate
$3,889 /mo
- Principal and interest
- $3,454
- Property tax (2025)
- $435
- Total
- $3,889
Estimate only, and not an offer of credit. Assumes 20% down ($129,800) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.




















































