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Home + Sea Realty
561 W Olive St, Newport, OR 97365 — photograph 1

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561 W Olive St, Newport, OR 97365 — photograph 1
3 Beds2 Baths1,741 sqft

561 W Olive St, Newport

$649,000

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ActiveMLS®: 571863716Listing held by another brokerage, marked RMLS
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

Map showing the location of 561 W Olive St, Newport, OR 97365
© Mapbox © OpenStreetMap

Monthly payment estimate

$3,889 /mo

20% · $129,800
7.00%
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.

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