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561 W Olive St, Newport, OR 97365

$685,000

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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.)

561 W Olive St | MLS# 571863716

This single family home located at 561 W Olive St, Newport, OR 97365 is currently listed for sale with an asking price of $685,000. This property was built in 2007 and has 3 bedrooms and 2 full baths with 1741 sq. ft. Search Newport real estate on grace-lapena-and-lisa-fisher.bendpremierrealestate.com today.

Property Features

Property Type: Residential - Single Family
Fuel Type: Electricity
Garage: 2 car attached
Heating: Wall Furnace
Home Style: 2 Story
Lot Size: 0.09 Acres
Roof Type: Composition
Stories: 2.0
Taxes: $5,214
Year Built: 2007
Square Feet: 1,741

Feature Descriptions

Bathroom: 1.0 (Main), 1.0 (Upper)
Days on Site: 7
Exterior: T-111 Siding
Exterior: Deck, Porch
Hot Water: Electricity
Interior: Laminate Flooring, Wall to Wall Carpet
Kitchen: Dishwasher, Free-Standing Range, Free-Standing Refrigerator, Microwave
Parking Notes: Attached
Sewer: Public Sewer
Square Footage: 966 (Main), 775 (Upper)
Water: Public Water

Local Schools

High School: Newport
Middle School: Newport
Elementary School: Yaquina View

Listed By / Shown By

Listed By

Agency Name: MORE Realty
Agency Contact: 503-539-7816

Shown By

Agent Name: Best of Brasada
Agent Phone: (503) 970-0124
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 4,098.02 per month $3,463.73 Principal & Interest $434.50 Property Tax $199.79 Homeowner's Insurance

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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 07/17/2026. The listing information on this page last changed on 07/17/2026. 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 Fri 07/17/2026 12:01:47 AM EST) or RMLS (last updated Thu 07/16/2026 11:55:24 PM EST) or COAR/MLSCO (last updated Thu 07/16/2026 11:51:29 PM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate 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.

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 other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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