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Sold on 06/30/2024
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520 E Michelle Ct, Newberg, OR 97132

  • $535,000

    Last sold 06/30/2024 after 48 Hours

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    bed

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    bath

Multi-family not for sale
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About 520 E Michelle Ct

Property type Multi-family
Neighborhood
Year built 1980
HOA fee $0/month
Lot size 7,840 Sqft
Parking 2 garage spaces
Rental estimate
Property description
Beautifully updated duplex in Newberg! This charming duplex is perfect for those looking for a home with rental income potential or an investor seeking to lease out a modernized unit. One unit currently has a long term renter, while the other unit has been thoughtfully upgraded and is move-in ready. Updates include fresh paint throughout, new quartz counters, new flooring throughout, and new stainless steel appliances. Located on a cul-de-sac, this property boasts spacious backyards and attached garages for both units.Enjoy low-maintenance living with an all-brick exterior, ensuring durability and ease of upkeep. The fenced backyards offer privacy and are perfect for outdoor activities or pets.Experience the best of both worlds with suburban tranquility and proximity to downtown Newberg, where you can enjoy boutique shops, local eateries, vibrant community events. Conveniently located only 1.5 miles from George Fox University and nestled in the heart of wine country with easy access to wineries and vineyards within a 5-mile radius.
Listed by
Listing Agent - Lauren Musco
Listing Office - Berkshire Hathaway HomeServices NW Real Estate
Source: RMLS mls logo
MLS#24522953 • last updated 1 year ago
Movoto checked RMLS for data 4 minutes ago
Overview
Heating Forced Air
MLS # 24522953
Type Multi Family
Status Sold
Lot Size (SqFt) 7840
Lot Size (Acres) 0.18
Property Tax 3061.78
Year Built 1980
Exterior
Roof Composition
# Garage Spaces 2
Exterior Features Brick
Lot Desc Cul-de-sac, Level
Amenities / Utilities
Hot Water Gas
Sewer/ Septic Public Sewer
Water Source Public Water
Location
View Territorial
County Yamhill
Subdivision Village Park Addition
Area 156 - Yamhill County Including Willamina
Elementary School Edwards
Middle School Chehalem Valley
High School Newberg
Zoning R-2
Directions Turn Right Onto E 10th St, E 10th St Turns Left And Becomes James St, Turn Left Onto Michelle Ct
APN 279889
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 1216
Total # of Units 2
Gross Rent Multiplier 39.38
Operating Expense Scheduled 3437
Net Operating Income 10403
Operating Expense 3437
Gross Scheduled Income 17040
Gross Income 13840
Cap Rate 1.91
Net Scheduled Income 13603
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • Jul 2024
    mls logo MLS # 24522953
  • Jul 15, 2024 Sold
    $535,000 (-1.8%)
  • Jul 1, 2024 Pending
    —
  • Jun 28, 2024 Listed
    $545,000 (+19.8%)
  • Oct 2021
    mls logo MLS # 21472649
  • Oct 12, 2021 Sold
    $455,000 (+3.4%)
  • Aug 4, 2021 Pending
    —
  • Aug 2, 2021 Listed
    $440,000
  • 520 E Michelle Ct
    $535K
  • 156 - Yamhill County Including Willamina
    —
  • 97132
    $625K -1% y/y
  • Newberg
    $625K -1% 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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