Sold: Sep 30, 2026
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Sold: Sep 30, 2026

$810,000

6 Beds 6 Baths 3,728 SQFT 0.23 Acres
Type: Multi-Family

1552 E 3RD ST
Newberg, OR 97132

MLS#: 460648136
Tim Jackson
Tim Jackson
Premiere Property Group
Broker
Phone: 503.957.7981
Office: 503.908.1694
Presented by: Premiere Property Group, LLC -
Sold by: Keller Williams Realty Portland Premiere

Property Description

 

Potential to make over $72,000 gross a year on these up to date modern townhomes. Historically low vacancy. Ask your broker for six years of profit and loss statements showing pride of ownership and consistent and stable increase in income. New roof 5 years ago. Two units under market rent, two closer to market. Newer Townhouse Style 2 Bedroom / 1.5 Bath: quiet 4-Plex (not apartment complex). $1450 + $85 flat rate for water, sewer, and garbage per month. ($1535 total) For each individual townhome it's a spacious 930 Square Feet Half bath downstairs / full bath upstairs. Nice Grass Back Yard & Patio, secured storage room. Washer/Dryer in Units. High efficiency individual room heat. Spacious Living Room and Kitchen Area. Newer flooring in kitchen and living room. Each unit has two off street car parking spaces. Quiet neighborhood and street. Close to George Fox & PCC colleges. Doorsteps to wineries & wine country. Close to shopping & restaurants. All leases month to month and will be provided with an acceptable offer. DO NOT DRIVE ON PROPERTY. DO NOT DISTURB TENANTS.


 

General

Accessory Dwelling Unit Y/NN
Buyer FinancingConventional
CityNewberg
Close Price$810,000
CountyYamhill
Directions99W to Everest, S to 3rd, R to property
Elementary SchoolEdwards
Gross Income63000.0
HOANo
HeatingZoned
High SchoolNewberg
Legal DescriptionPT LOTS 5 & 6 - BLOCK E IN HOBSONS ADDITION
Listing TermsCash, Conventional
Lot Size Square Feet10,018 sqft
MLS Area_156
Middle/Junior High SchoolMountain View
Net Operating Income32622.0
Number Of Units Total4
Operating Expense18833.0
Parcel Number60,285
Property ConditionApproximately
Property TypeMultiFamily
Rent IncludesCableTV, Electricity, Heat
RoofComposition
SewerPublicSewer
Standard StatusClosed
StatusSold
Stories Count2
Tax Annual Amount$6,575
Tax Year2025
ViewDescriptionTerritorial
Virtual TourClick here
Year Built2006
ZoningMulti

Interior

BasementNone
FuelDescriptionElectricity
Hot WaterElectricity
Unit 1 Baths Total2
Unit 1 Beds Total2
Unit 2 Baths Total2
Unit 2 Beds Total2
Unit 3 Baths Total2
Unit 3 Beds Total2
Unit TypeUnitTypeType1, UnitTypeType2, UnitTypeType3
UnitType1ActualRent1535
UnitType1FeaturesDishwasher, Refrigerator, WasherDryer
UnitType1UnitsTotal2
UnitType2ActualRent1045
UnitType2FeaturesDishwasher, Refrigerator, WasherDryer
UnitType2UnitsTotal1
UnitType3ActualRent1100
UnitType3FeaturesDishwasher, Refrigerator, WasherDryer
UnitType3UnitsTotal1

Exterior

Building Area Total3,728 sqft
Exterior DescriptionVinylSiding
Foundation DetailsConcretePerimeter
Lot FeaturesLevel
Lot Size Acres0.23
Parking FeaturesDriveway, Open
Road Surface TypePaved
Total Parking8.0
Water SourcePublicWater

Additional Details

Price History

  

Similar Properties

$810,000

6 Beds 6 Baths 3,728 SQFT 0.23 Acres
Type: Multi-Family

1552 E 3RD ST
Newberg, OR 97132

MLS#: 460648136
Tim Jackson
Tim Jackson
Premiere Property Group
Broker
Phone: 503.957.7981
Office: 503.908.1694