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Listed by Windermere Pacific Crest Realty
$ 914,900
Est. payment | /mo
0.3 Acres Lot
$ 914,900
Est. payment | /mo
0.3 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 316006147
HOA Y/N No
Year Built 1950
Annual Tax Amount $5,484
Tax Year 2025
Lot Size 0.300 Acres
Property Description
Exceptional investment opportunity in the heart of McMinnville! This extensively renovated four-unit property has been tastefully transformed from top to bottom, offering significant property tax savings and strong, reliable cash flow.No detail was overlooked! Each unit has been gutted and rebuilt with new plumbing, electrical systems, fixtures, finishes, and modern updates throughout. The result is four charming, move-in-ready residences that tenants love to call home.Located just a short walk from downtown McMinnville's shops, restaurants, tasting rooms, and entertainment, these highly desirable units offer a rare combination of convenience and outdoor space. Each residence enjoys a spacious yard - an amenity seldom found in multifamily properties and highly valued by tenants.Units are well-appointed with appliances included, washer and dryer hookups, abundant storage, and attractive finishes throughout. Best of all, the property is fully leased with excellent rental income already in place, making this a truly turnkey investment.Whether you're looking to expand your portfolio or secure a low-maintenance income-producing asset, this is an opportunity you won't want to miss.
Location
State OR
County Yamhill
Area _156
Zoning R-2
Rooms
Basement Crawl Space
Interior
Heating Wall Heater
Cooling None
Exterior
View Territorial
Roof Type Composition
Garage No
Building
Lot Description Corner Lot, Level
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Newby
Middle Schools Duniway
High Schools Mcminnville
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
