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561 W Olive St

Newport, OR 97365
  • $649,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 571863716
Price Reduced
UPDATED: 56 min ago
$649,000
  • 3
    BEDS
  • 0.09
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,741
    SQFT
  • $373
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2007
County:

School Information

Elementary School:
Middle School:
High School:

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.Private Remarks: Agents - all interior doors are to remain open. Please be sure all exterior doors are locked when leaving (one in laundry room, front door, door to garage.)

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Listing content is copyright © 2026 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than The Place Portland Team | Windermere Realty Trust are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2026-08-18T21:50:28.65.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively 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. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or The Place Portland Team | Windermere Realty Trust and should be independently verified.
www.searchhomesportland.com/homes/178647542
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561 W Olive St Newport, OR 97365

  • Price: $649,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 56 min ago
  • MLS #: 571863716
3
Beds
2
Baths
0
½ Baths
0.09
Acres
1,741
SQFT
$373
$/SQFT
2007
Built
Neighborhood:
200-Lincoln County
County:
Lincoln
Area:
200-Lincoln County
Elementary School:
Yaquina View
Middle School:
Newport
High School:
Newport
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.Private Remarks: Agents - all interior doors are to remain open. Please be sure all exterior doors are locked when leaving (one in laundry room, front door, door to garage.)
Exterior Features

Architectural Style Stories2 Attached Garage YN Yes Exterior Description T111 Siding Exterior Features Deck Porch Garage Type Attached Parking Total 2 Roof Composition View YN No

Interior Features

Appliances Dishwasher Free Standing Range Free Standing Refrigerator Microwave Bathrooms Full Lower Level 0 Bathrooms Full Main Level 1 Bathrooms Full Upper Level 1 Bathrooms Partial Lower Level 0 Bathrooms Partial Main Level 0 Bathrooms Partial Upper Level 0 Cooling YN No Heating Wall Furnace Heating YN Yes Interior Features Laminate Flooring Wallto Wall Carpet Lower Level Area Total 0 Main Level Area Total 966 Primary Bedroom Level Main Upper Level Area Total 775 Window Features Double Pane Windows Vinyl Frames

Property Features

Association YN No Bank Owned YN No Fuel Description Electricity Green Certification YN No Home Warranty YN No Hot Water Description Electricity IDXAddress Display YN Yes Listing Terms Cash Conventional FHA New Construction YN No Property Attached YN No Property Condition Resale Property Sub Type Single Family Residence Senior Community YN No Sewer Public Sewer Short Sale YN No Tax Annual Amount 5214.02 Tax Year 2025 Water Source Public Water

Listing provided courtesy of MORE Realty: 503-539-7816.


Listing content is copyright © 2026 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than The Place Portland Team | Windermere Realty Trust are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2026-08-18T21:50:28.65.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively 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. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or The Place Portland Team | Windermere Realty Trust and should be independently verified.
 
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The Place Portland Team | Windermere Realty Trust
1220 NW Lovejoy St Ste 130
Portland OR, 97209