Seller Financing
Address
540 Nw 56th Street, Newport, OR
Price
$ 549,000
Property Attributes
  • MLS#261658
  • TypeSingle Family
  • Listing Status Active
  • CountyLINCOLN
  • CityNewport
  • NeighborhoodAgate Beach
  • Zip97365
  • StyleCottage
  • Year Built1955
  • Taxes$ 3977
  • Price$ 549,000
  • Bedrooms3
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage1716
  • Lot Size0.18 Acres
Data Source:
Lincoln County MLS Oregon (LCMLS-O)
Property Description

Versatile 3 bedroom, 3 bath coastal home just steps from the trail to beach access. Ideal for full-time rental income, personal use, or both. Currently features two separate living spaces, each with its own private entrance and dedicated washer & dryer. Could easily convert to a single family residence with a doorway installation. Charming cottage features original hardwood floors and abundant natural light. Fully fenced yard provides space for outdoor enjoyment and private courtyard is ready for a hot tub. Oversized 1 car garage has plenty of storage and a work bench. The suite over the garage has slider to a deck to relax and listen to the sound of the ocean waves. Zoned R-2 with potential to add a full kitchen to the suite above the garage (buyer to verify.) Prime coastal location in a great walking neighborhood with 2 different trail accesses to miles of sandy beach and nearby Yaquina Head Natural Area, Lighthouse, Agate Beach and Moolack Beach. Possible owner carry terms available!

Price History
6/16/2026 Listed $549,000

General Features

Heating Electric,Zoned
Cooling Ceiling Fan(s),None
Utilities Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Possession Close Of Escrow
Roof Composition
Appliances Dishwasher,Gas Range,Water Heater,Refrigerator,Washer/Dryer Stacked
Zoning R-2 Residential
Garage Spaces 1.0
Patio/Porch Features Deck,Enclosed Porch,Open Patio
Architectural Style Cottage
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Year Built 1955
View Other
Property Subtype Single Family Residence
Tax Year 2025
County Lincoln
Property Type Residential
HOA No
Attached Garage No
Subdivision Name Agate Beach
Garage Y/N Yes
Other Structures None
Total Rooms 10
Status Active
Directions From Hwy 101; West on NW 55th St; Immediate Right towards NW 56th St; Left onto NW 56th St to address at the end.
City Newport
Senior Community Y/N No
High School District Lincoln County School District
Lot Size Units Acres
Lot Size Square Feet 7840.8
Carport Y/N No
Land Lease Y/N No
Tax Annual Amount 3977.28
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Virtual Tour https://www.zillow.com/view-3d-home/32a9d1ee-08e0-40fc-b707-e77105845c3b?setAttribution=mls&wl=true&utm_source=dashboard
Standard Status Active
Year Built Source Assessor

Interior Features

Interior Amenities Ceiling Fan(s),Hand-held Shower Head,Pantry,Storage
Flooring Carpet,Hardwood,Tile,Vinyl
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Window Features Blinds
Fireplace Y/N No
Above Grade Finished Area 1716.0
Total Bedrooms 3
Below Grade Finished Area 0.0
Total Baths 3

Exterior Features

Parking Features Attached Garage,Driveway,Oversized
Lot Features Landscaped,Level
Water Source Public
Lot Size Area 0.18
Foundation Details Concrete Perimeter
Spa No
Building Area Total 1716.0
Lot Dimensions Plat Map in Docs
Lot Size Acres 0.18
Road Surface Type Paved
Road Frontage Type City Street
Crops Included Y/N No
Horse Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 97365

Price
AVG $520K
$550K
Taxes
AVG $3,908
$3,977
Year Built
AVG 1982
1955
Visits
AVG 37
25
Data Provided by Inside Real Estate®