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Sold on 08/30/2024
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2501 E 3rd Units Ab St, Newberg, OR 97132

  • $645,000

    Last sold 08/30/2024 for $605K

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    bed

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    bath

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About 2501 E 3rd Units Ab St

Property type Multi-family
Neighborhood
Year built 1997
HOA fee $0/month
Lot size 9,147 Sqft
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property description
Discover the perfect investment opportunity or starter home! This well-maintained duplex is situated in a peaceful neighborhood and features two units, each offering 3 spacious bedrooms and 2 1/2 bathrooms. Designed for comfortable living, each unit provides ample space for families or tenants, making it an excellent choice for both owner-occupants and investors. Newberg is a great place to invest in a duplex. The town is home to George Fox University, bringing in many students and faculty looking for rentals. The area's growing population and stable economy mean there’s always a demand for housing. Plus, the natural beauty and wine country location make it an attractive place to live. Investing in a duplex here could be a smart move for steady rental income. Schedule your viewing today!
Listed by
Listing Agent - Felicity Cortese
Listing Office - Keller Williams Realty Portland Premiere
Source: RMLS mls logo
MLS#24329997 • last updated 1 year ago
Movoto checked RMLS for data 10 minutes ago
Overview
Heating Forced Air
MLS # 24329997
Type Multi Family
Status Sold
Lot Size (SqFt) 9147
Lot Size (Acres) 0.21
Property Tax 5681.43
Year Built 1997
Exterior
Roof Composition
# Parking Spaces 2
# Garage Spaces 2
Exterior Features Cement Siding
Lot Desc Level
Amenities / Utilities
Hot Water Gas
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Yamhill
Area 156 - Yamhill County Including Willamina
Elementary School Joan Austin
Middle School Mountain View
High School Newberg
Zoning SFR
Directions E On First St To E 3rd St
APN 507121
Multifamily Details
Unit Type 1: # Bedrooms 3
Unit Type 1 : Total Baths 7
Unit Type 2: # Bedrooms 3
Unit Type 2: Total Baths 7
Unit Type 1: Rent 1995
Unit Type 2: Rent 2150
Total # of Units 2
Gross Rent Multiplier 13.14
Net Operating Income 32043
Operating Expense 15137
Gross Income 47180
Cap Rate 5.17
Lot/ Land Details
Road Surface Paved
$645K
Range: $586K-$703K
Last 30 days 
Rental est.: $1,404/month
Gross rent multiplier: 35.9
  • Sep 2024
    mls logo MLS # 24329997
  • Sep 24, 2024 Sold
    $605,000
  • Aug 31, 2024 Pending
    —
  • Aug 24, 2024 Listed
    $620,000 (+142.3%)
  • Sep 2024
    Public Records
  • Sep 20, 2024 Sold
    $605,000 (-2.4%)
  • Apr 2015
    Public Records
  • Apr 24, 2015 Sold
    $255,900
  • 2501 E 3rd Units Ab St
    $605K
  • 156 - Yamhill County Including Willamina
    —
  • 97132
    $634K +1% y/y
  • Newberg
    $634K +1% y/y
No chart available
Statistics calculated by Movoto

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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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