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Sold on 04/04/2025
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504 E 9th 10 St, Newberg, OR 97132

$508,000

Last sold 04/04/2025 for $498K

  • —

    bed

  • —

    bath

  • 1,536

    Sqft ($325/Sqft)

Multi-family not for sale
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About 504 E 9th 10 St

Property type Multi-family
Neighborhood
Year built 1972
HOA fee $0/month
Lot size 4,356 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 2 bedrooms and 1 bathroom. 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. Units have new breaker panels and either have or are wired for cadet heaters. Roof is only 5yrs old.
Listed by
Listing Agent - Felicity Cortese
Listing Office - Keller Williams Realty Portland Premiere
Source: RMLS mls logo
MLS#24398811 • last updated 1 year ago
Movoto checked RMLS for data 10 minutes ago
Overview
Heating Baseboard
MLS # 24398811
Type Multi Family
Status Active
Lot Size (SqFt) 4356
Lot Size (Acres) 0.1
Property Tax 2295.28
Year Built 1972
Exterior
Roof Composition
# Parking Spaces 2
# Garage Spaces 2
Exterior Features T-111 Siding
Lot Desc Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Yamhill
Area 156 - Yamhill County Including Willamina
Elementary School Edwards
Middle School Chehalem Valley
High School Newberg
Zoning R-3
Directions E 9th St
APN 58555
Multifamily Details
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 2
Unit Type 2: Total Baths 1
Unit Type 1: Rent 1325
Unit Type 2: Rent 1360
Total # of Units 2
Gross Rent Multiplier 16.54
Net Operating Income 14245
Operating Expense 17500
Gross Income 31745
Cap Rate 2.71
Lot/ Land Details
Road Surface Paved
$508K
Range: $457K-$558K
Last 30 days 
Rental est.: $1,312/month
Gross rent multiplier: 31.7
  • May 2025
    mls logo MLS # 24398811
  • May 18, 2025 Sold
    $498,750
  • Apr 8, 2025 Pending
    —
  • Mar 29, 2025 Price Change
    $498,750 (-5.0%)
  • Aug 24, 2024 Listed
    $525,000 (+294.0%)
  • May 2025
    Public Records
  • May 14, 2025 Sold
    $498,750
  • May 2013
    Public Records
  • May 2, 2013 Sold
    $133,250
  • Year Property taxes Tax assessment
  • 2025
    $2,471 +4.0%
    $153,151 +3.0%
  • 2024
    $2,377 +3.6%
    $148,690 +3.0%
  • 2023
    $2,295 +2.8%
    $144,359 +3.0%
  • 2022
    $2,234 +2.8%
    $140,154 +3.0%
  • 2021
    $2,173 +11.1%
    $136,072 +3.0%
  • 2020
    $1,957 +1.4%
    $132,109 +3.0%
  • 2019
    $1,931 -0.5%
    $128,261 +3.0%
  • 2018
    $1,941 -5.9%
    $124,525 +3.0%
  • 2017
    $2,063 +2.1%
    $120,898 +3.0%
  • 2016
    $2,021 +1.8%
    $117,377 +3.0%
  • 2015
    $1,985 +7.2%
    $113,960
  • 2014
    $1,852
    —
  • 504 E 9th 10 St
    $498K
  • 156 - Yamhill County Including Willamina
    —
  • 97132
    $609K 0% y/y
  • Newberg
    $609K 0% y/y
No chart available
Statistics calculated by Movoto

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5/10
Edwards Elementary School
public Grades K-5
Newberg School District 29j
7/10
Chehalem Valley 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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