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611 E Hancock St, Newberg, OR 97132

$1,049,900
  • —

    bed

  • —

    bath

  • 5,340

    Sqft ($197/Sqft)

Multi-family for sale 44 hours

About 611 E Hancock St

Property type Multi-family
Neighborhood
Year built 1979
HOA fee $0/month
Lot size 10,018 Sqft
Rental estimate
Property description
Fully rented six-unit apartment complex in the heart of Newberg, near George Fox University and downtown shopping, dining, and coffee shops. Every apartment is currently rented, offering an established rental property with existing tenants in place.This two-story building features approximately 5,340 square feet, with spacious apartments ranging from approximately 870 to 930 square feet. Off-street parking adds everyday convenience, and washer/dryer hookups are listed in five of the six units. Public water and sewer serve the property.The central location provides convenient access to local services, Highway 99W, and the surrounding Willamette Valley wine country. Whether expanding an existing rental portfolio or purchasing your first apartment building, this fully occupied property offers an opportunity to own six rental units in a convenient Newberg location.Please do not bother tenants. No showings will be permitted until a purchase agreement has been accepted by the seller.
Listed by
Listing Agent - Jon Gross
Listing Office - Berkshire Hathaway HomeServices NW Real Estate
Source: RMLS mls logo
MLS#759028435 • last updated 2 days ago
Movoto checked RMLS for data 5 minutes ago
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Overview
Heating Wall Furnace
MLS # 759028435
Type Multi Family
Status Active
Lot Size (SqFt) 10018
Lot Size (Acres) 0.23
Property Tax 5700.08
Year Built 1979
Exterior
Roof Composition
Exterior Features Brick, Cedar, CementSiding
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Yamhill
Area 156 - Yamhill County Including Willamina
Elementary School Antonia Crater
Middle School Chehalem Valley
High School Newberg
Zoning C-3
Directions Follow E Hancock Street West To 611 E Hancock St.
APN 48228
Multifamily Details
Unit Type 3: Total Baths 1
Unit Type 1: # Bedrooms 2
Unit Type 6: # Bedrooms 2
Unit Type 1 : Total Baths 1
Unit Type 5: # Bedrooms 2
Unit Type 2: # Bedrooms 3
Unit Type 3: # Bedrooms 2
Unit Type 6: Total Baths 1
Unit Type 4: Total Baths 1
Unit Type 2: Total Baths 1
Unit Type 4: # Bedrooms 2
Unit Type 5: Total Baths 1
Unit Type 6: Rent 1340
Unit Type 1: Rent 1050
Unit Type 4: Rent 1450
Unit Type 3: Rent 1450
Unit Type 2: Rent 1550
Unit Type 5: Rent 1400
Total # of Units 6
Gross Rent Multiplier 10.62
Operating Expense Scheduled 26000
Net Operating Income 39369
Operating Expense 54081
Gross Scheduled Income 98880
Gross Income 98880
Cap Rate 3.75
Net Scheduled Income 72880
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Source: GreatSchools.org © 2026. All rights reserved.

Around 156 - Yamhill County Including Willamina

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87/100
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Dining
72/100
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  • Real Estate
  • OR
  • Yamhill County
  • Newberg
  • 97132
  • 611 E Hancock St

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