Homes for sale - 507 NE DAVIS ST, Mc Minnville, OR 97128

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Garett & Claire Chadney

[email protected] +1(503) 970-0858

Listed by Bella Casa Real Estate Group • 971-241-9647

$1,375,000

Est. payment - /mo

5,350 SqFt

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UPDATED:

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

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Regional Multiple Listing Service (RMLS)

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Garett & Claire Chadney

+1(503) 970-0858

Principal Broker / Owner | License ID: 930300059

Principal Broker / Owner License ID: 930300059

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507 NE DAVIS ST Mc Minnville, OR 97128

Garett & Claire Chadney

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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