Bought with Berkshire Hathaway HomeServices NW Real Estate
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Key Details
Sold Price $690,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,576 sqft
Price per Sqft $267
Subdivision Edwards Addition
MLS Listing ID 24672883
Sold Date 11/08/24
Year Built 1903
Annual Tax Amount $3,892
Tax Year 2023
Lot Size 7,405 Sqft
Property Description
Great opportunity in charming historical area of residential homes in Newberg for owner/occupants or seasoned investors. Classic, stately design. Close to parks, schools, shops, and George Fox University. Renovated units, tenants pay for own gas, electricity and garbage. New roof and exterior paint in 2019. Proven performer! Three units renovated with new flooring, cabinets, paint, and furnaces in last 2-3 years. Exterior paint on south side will be repainted. 6% Cap rate on actuals without management.
Location
State OR
County Yamhill
Community Laundry
Area _156
Zoning R2
Rooms
Basement Full Basement, Storage Space
Interior
Heating Forced Air, Mini Split, Wall Heater
Exterior
Community Features Laundry
Roof Type Composition
Garage No
Building
Lot Description Corner Lot, Level, Public Road
Story 3
Foundation Block, Other
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Edwards
Middle Schools Mountain View
High Schools Newberg
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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