507 NE DAVIS ST new Save Request In-Person Tour Request Virtual Tour
Mc Minnville,OR 97128
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,350 sqft
Price per Sqft $257
MLS Listing ID 262186389
Year Built 1940
Annual Tax Amount $3,842
Tax Year 2024
Lot Size 7,840 Sqft
Property Description
Prime Investment Opportunity in the Heart of Historic McMinnville! Located just steps from McMinnville's charming downtown, this beautifully updated multi-unit property offers the perfect blend of historic character, modern upgrades, and strong income potential. Walk score of 92. With unbeatable proximity to restaurants, shops, tasting rooms, and local attractions, this is truly a gem in one of Oregon's most vibrant communities. The property features five uniquely designed apartments, two of which are successful short-term rentals with a proven track record of income. Each unit showcases custom finishes, stylish wallpaper, fresh paint, updated window coverings, and newly renovated kitchens and bathrooms in four of the units. Comfort is key with new ductless heat pumps installed throughout. The basement offers potential—currently set up as a shared common space with a kitchen, it could easily be transformed into private storage lockers for tenants or wine lockers for guests. Additional perks include updated wiring for an EV charging station, appealing to tenants and travelers alike. Whether you're looking to expand your investment portfolio or step into a thriving short-term rental market, this property offers location, charm, and versatility all in one.
Location
State OR
County Yamhill
Community Alllandscaping,Laundry
Area _156
Zoning C-3
Rooms
Basement Finished, Separate Living Quarters Apartment Aux Living Unit, Storage Space
Interior
Heating Ductless, Mini Split, Wall Heater
Cooling Heat Pump
Exterior
Community Features AllLandscaping,Laundry
View City
Roof Type Composition
Garage No
Building
Lot Description Corner Lot, Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Memorial
Middle Schools Patton
High Schools Mcminnville
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional