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1552 E 3rd St, Newberg, OR 97132

  • $999,999

  • —

    bed

  • —

    bath

  • 3,728

    Sqft ($268/Sqft)

Multi-family for sale 5 days
Movoto is helping 11 homebuyers near you

About 1552 E 3rd St

Property type Multi-family
Neighborhood
Year built 2006
HOA fee $0/month
Lot size 10,018 Sqft
Rental estimate
Property description
Potential to make over $72,000 gross a year on these up to date modern townhomes. Historically low vacancy. Ask your broker for six years of profit and loss statements showing pride of ownership and consistent and stable increase in income. New roof 5 years ago. Two units under market rent, two closer to market. Newer Townhouse Style 2 Bedroom / 1.5 Bath: quiet 4-Plex (not apartment complex). $1450 + $85 flat rate for water, sewer, and garbage per month. ($1535 total) For each individual townhome it's a spacious 930 Square Feet Half bath downstairs / full bath upstairs. Nice Grass Back Yard & Patio, secured storage room. Washer/Dryer in Units. High efficiency individual room heat. Spacious Living Room and Kitchen Area. Newer flooring in kitchen and living room. Each unit has two off street car parking spaces. Quiet neighborhood and street. Close to George Fox & PCC colleges. Doorsteps to wineries & wine country. Close to shopping & restaurants. DO NOT DRIVE ON PROPERTY. DO NOT DISTURB TENANTS.
Listed by
Listing Agent - Tim Jackson
Listing Office - Premiere Property Group, LLC
Source: RMLS mls logo
MLS#460648136 • last updated 5 days ago
Movoto checked RMLS for data 23 minutes ago
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Overview
Heating Zoned
MLS # 460648136
Type Multi Family
Virtual Tour N/A
Status Active
Lot Size (SqFt) 10018
Lot Size (Acres) 0.23
Property Tax 6575.33
Year Built 2006
Exterior
Roof Composition
# Parking Spaces 8
Exterior Features Vinyl Siding
Lot Desc Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
View Territorial
County Yamhill
Area 156 - Yamhill County Including Willamina
Elementary School Edwards
Middle School Mountain View
High School Newberg
Zoning Multi
Directions 99W To Everest, S To 3rd, R To Property
APN 60285
Multifamily Details
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 2
Unit Type 2: # Bedrooms 2
Unit Type 2: Total Baths 2
Unit Type 1: Rent 1500
Unit Type 2: Rent 1000
Total # of Units 4
Gross Rent Multiplier 16.38
Operating Expense Scheduled 21667
Net Operating Income 32622
Operating Expense 18833
Gross Scheduled Income 72000
Gross Income 61045
Cap Rate 3.26
Net Scheduled Income 50333
Lot/ Land Details
Road Surface Paved
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5/10
Joan Austin Elementary School
public Grades K-5
Newberg School District 29j
4/10
Mountain View Middle School
public Grades 6-8
Newberg School District 29j
6/10
Newberg Senior High School
public Grades 9-12
Newberg School District 29j
Source: GreatSchools.org © 2026. All rights reserved.

Around 156 - Yamhill County Including Willamina

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