$700,000 Price Analysis    ♡   Newberg, OR 97132 8 bed 6 bath 2,576 SqFt ($271/SqFt) 7,405SqFt lot. Built 1903 Listed 2024-05-29, Taxes $3,788 | ✓ USDA Eligible near Newberg, OR Restrictions may apply due to home size |
Great opportunity in charming historical area of residential homes in Newberg for owner/occupants or seasoned invstors.
Classic, stately design. Close to parks, schools, shops and George Fox University. Renovated units, tenants pay for own gas, electricity and garbag e. Pristine roof and exterior paint in 2019. Proven performer!
6% Cap rate on actuals without management.
Presented by Kenneth Marshall at
Vintage Realty Northwest.
Property MLS #24672883 from RMLS
Bedrooms: 8
Full Bathrooms: 6
Heating Features: ForcedAir, MiniSplit, WallHeater
Heating Fuel: Electricity, Gas
Heating: Yes
Water Heaters: Electricity, Gas
Heating Fuel: Electricity, Gas
Heating: Yes
Water Heaters: Electricity, Gas
Basement Description: FullBasement, StorageSpace
Lot Description: CornerLot, Level, PublicRoad
Lot Size Acres: 0.1699954
Lot Size Dimensions: 100 x 75
Lot Size Square Feet: 7405
Lot Size Acres: 0.1699954
Lot Size Dimensions: 100 x 75
Lot Size Square Feet: 7405
Road Surface Type: Paved
Parking Features: Open, Paved
Parking Total: 4
Parking Total: 4
Elementary School: Edwards
High School: Newberg
Middle School: Mountain View
High School: Newberg
Middle School: Mountain View
Edwards Elementary School is a public elementary school located approximately 0.2 miles away.
Map directions
Map directionsNewberg Senior High School is a public high school located approximately 1.3 miles away.
Map directions
Map directionsChehalem Valley Middle School is a public middle school located approximately 2 miles away.
Map directions
Map directionsAmbleside of Willamette Valley is a private elementary, middle and high school located approximately 0.1 miles away.
Map directions
Map directionsGross Income: 64440
Rent Includes: Sewer, Water
Rent Includes: Sewer, Water
Number of Units: 4
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Community Features: Laundry
LotSizeRange: SqFt7000to9999
Annual Tax Amount: 3892.73
Source Listing Status: Active
County: Yamhill
Cap Rate: 5.79
Directions: Hwy 99 W to College; turn south to NW corner of S. College and E. 5th St.
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: EDWARDS ADDITION
Parcel Number: 52203
Subdivision: EDWARDS ADDITION
Zoning: R2
Source System Name: C2C
Annual Tax Amount: 3892.73
Source Listing Status: Active
County: Yamhill
Cap Rate: 5.79
Directions: Hwy 99 W to College; turn south to NW corner of S. College and E. 5th St.
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: EDWARDS ADDITION
Parcel Number: 52203
Subdivision: EDWARDS ADDITION
Zoning: R2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $237,698 | $3,788 |
| 2021 | $unknown + $unknown $230,775 | $3,685 |
| 2020 | $unknown + $unknown $224,053 | $3,318 |
| 2019 | $unknown + $unknown $217,527 | $3,274 |
| 2018 | $unknown + $unknown $211,191 | $3,291 |
| 2017 | $unknown + $unknown $205,040 | $3,499 |
| 2016 | $unknown + $unknown $199,068 | $3,427 |
| 2015 | $unknown + $unknown $193,271 | $3,366 |
| 2014 | $unknown + $unknown $187,643 | $3,140 |
| 2013 | $unknown + $unknown $182,179 | $3,038 |
| 2012 | $unknown + $unknown $176,874 | $2,941 |
| 2011 | $126,824 + $44,900 $171,724 | $2,848 |
Listed 2024-05-29
$700,000
RMLS
Sold 2020-10-16
$536,000
RMLS
Sold 2019-01-02
$300,000
Public Record
Listing removed 2012-01-06
$299,900
RMLS
Relisted 2011-12-12
$299,900
RMLS
Listing removed 2011-11-30
$299,900
RMLS
Listed 2011-10-21
$299,900
RMLS
Listing removed 2009-04-16
$390,000
RMLS
Listing removed 2009-02-24
$390,000
RMLS
Listed 2008-10-24
$390,000
RMLS
Sold 2005-07-07
$240,000
RMLS
Listed 2004-11-10
$240,000
RMLS
Listing removed 2004-04-21
$260,000
RMLS
Listed 2003-12-08
$260,000
RMLS
Sold 2003-01-01
$200,000
Public Record
Sold 1994-12-12
$153,000
Public Record
Sold 1985-01-01
$80,000
Public Record
$700,000
RMLS
Sold 2020-10-16
$536,000
RMLS
Sold 2019-01-02
$300,000
Public Record
Listing removed 2012-01-06
$299,900
RMLS
Relisted 2011-12-12
$299,900
RMLS
Listing removed 2011-11-30
$299,900
RMLS
Listed 2011-10-21
$299,900
RMLS
Listing removed 2009-04-16
$390,000
RMLS
Listing removed 2009-02-24
$390,000
RMLS
Listed 2008-10-24
$390,000
RMLS
Sold 2005-07-07
$240,000
RMLS
Listed 2004-11-10
$240,000
RMLS
Listing removed 2004-04-21
$260,000
RMLS
Listed 2003-12-08
$260,000
RMLS
Sold 2003-01-01
$200,000
Public Record
Sold 1994-12-12
$153,000
Public Record
Sold 1985-01-01
$80,000
Public Record
Net Operating Income: 40552
Operating Expense: 23888
Operating Expense: 23888
Year Built: 1903
Building Area Total: 2576
Building Exterior Type: Cedar, LapSiding, WoodSiding
Foundation Details: Block
Property Age: 121
Property Condition: Existing
Roof: Composition
Levels or Stories: 3
Building Area Total: 2576
Building Exterior Type: Cedar, LapSiding, WoodSiding
Foundation Details: Block
Property Age: 121
Property Condition: Existing
Roof: Composition
Levels or Stories: 3
Sewer: PublicSewer
Water Source: PublicWater
Water Source: PublicWater
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.