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Sold By Team Shelby
Principal Brokers, REALTORS®
(503) 991-6600
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561 W Olive St, Newport, OR 97365

$649,000
  • 561 W Olive St, Newport, OR 97365 Main Photo

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Listing Courtesy of: MORE REALTY
Agency Contact: Cell: 503-539-7816
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BEDS3 BATHS2 full SQUARE FEET1,741 MLS#843292
STATUS PROPERTY TYPEResidential - Single Family SUBDIVISIONNEWPORT

Property Description

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.

Property Features

Property Type: Residential - Single Family
Garage: 2 car attached
Lot Size: 0.09 Acres
Roof Type: Composition
Taxes: $5,214
Year Built: 2007

Feature Descriptions

Days on Site: 104
Dishwasher: Yes
Exterior: Wood
Flooring: Carpet, Laminate
Heating/Cooling: Wall Furnace
Lot Dimensions: 0.09 Acre(s)
Parking Notes: Attached
Patio: Deck
Price Per Square Foot: 372.77
Range: Electric
Sewer: Yes
Water: City
Water Heater: Electric

Listed By / Shown By

Listed By

Agency Name: MORE REALTY
Agency Contact: Cell: 503-539-7816

Shown By

Agent Name: Sold By Team Shelby
Agent Phone: (503) 991-6600
Agency Title: Coldwell Banker Valley Brokers

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Estimate Your Payment

Estimated Payment

$ 2,068.18 per month $1,444.39 Principal & Interest $434.50 Property Tax $189.29 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Broker - Katherine Powell
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/22/2026. The listing information on this page last changed on 10/22/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 10/22/2026 12:00:02 AM EST) or Willamette Valley MLS (last updated Wed 10/21/2026 11:50:48 PM EST). Real estate listings held by brokerage firms other than Coldwell Banker Valley Brokers may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
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Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

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