Fully vacant TRI-PLEX with separate electric meters, on a double R-3 zoned lot, conveniently located in the center of Newport, Oregon! Huge backyard, tons of windows, excellent built in storage, and hardwood floors. Set your rents to the current market rate! Priced with an assumed 6.6% CAP rate. City of Newport has stated to seller there is a possibility of an 8-plex to be built. Buyer to confirm all approved uses with the city of Newport. Being sold as-is, where-is. Seller to do no repairs. Owner will accept cash and is open to seller carry options. Listing broker is related to seller.