Townhome-Style
1552 E 3RD St, Newberg, OR 97132
MULTI_FAMILY - Newberg, OR
Property size:
3,728 SFLot size:
0.23 AcresPrice / SF:
$254/SF- Added:
- May 7, 2026
- Days on Market:
- 52
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 1552 E 3RD St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 4
- Standard status
- Active
- APN
- 60285
- Size
- 3,728 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Description
- PT LOTS 5 & 6 - BLOCK E IN HOBSONS ADDITION
- Tax Annual Amount
- 6575
Utilities
- Heating system
- Zoned
Building Details
- Year built
- 2006
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Composition
Listing agent Tim Jackson (503) 957-7981
Listing office Premiere Property Group, LLC 10135 SE Sunnyside Rd Ste 150, Lake Oswego, OR (503) 670-9000
Listing date May 7, 2026
MLS# 460648136
Listing URL
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Four‑unit townhouse‑style 4‑plex built in 2006, described as a quiet, modern setup (not an apartment complex)
- Each unit is a 2 bed, 1.5 bath townhouse with about 930 SF, featuring a living room and kitchen area plus a grass back yard and patio
- Rental structure listed as $1,450 per month plus a $85 flat rate for water, sewer, and garbage ($1,535 total); leases are month to month
- New roof installed about 5 years ago; composition roof and zoned heating
- In‑unit convenience includes washer/dryer, newer flooring in the kitchen and living room, and a secured storage room
- On‑site parking per unit: two off‑street car parking spaces
Overview
This property is a townhome-style quadplex configured as a quiet 4-plex (not an apartment complex) with newer updates throughout. Each 2-bedroom, 1.5-bath townhome features a half bath downstairs and a full bath upstairs, along with a spacious living room and kitchen area. Units include washer/dryer, high-efficiency individual room heat, and newer flooring in the kitchen and living room. Each unit also offers a nice grass back yard and patio, a secured storage room, and two off-street parking spaces.
The building is located in Newberg, Oregon on a 0.23-acre lot at 1552 E 3RD St. The property is described as being in a quiet neighborhood and street, and leases are month-to-month and will be provided with an acceptable offer. A new roof was installed approximately five years ago. (Please do not drive on the property and do not disturb tenants.)
For buyers or operators seeking residential income housing, the individually metered comfort features and practical unit amenities (in-unit laundry, storage, and off-street parking) support straightforward tenant use. The ownership materials referenced in the remarks include requests for six years of profit and loss statements, and the offering notes that two units are currently under market rent while two are closer to market. All leases are month-to-month.
The building is located in Newberg, Oregon on a 0.23-acre lot at 1552 E 3RD St. The property is described as being in a quiet neighborhood and street, and leases are month-to-month and will be provided with an acceptable offer. A new roof was installed approximately five years ago. (Please do not drive on the property and do not disturb tenants.)
For buyers or operators seeking residential income housing, the individually metered comfort features and practical unit amenities (in-unit laundry, storage, and off-street parking) support straightforward tenant use. The ownership materials referenced in the remarks include requests for six years of profit and loss statements, and the offering notes that two units are currently under market rent while two are closer to market. All leases are month-to-month.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.7k | $24.60 |
| − Vacancy | −$4.7k | −$1.25 |
| EGI | $87.0k | $23.35 |
| − OpEx | −$39.2k | −$10.51 |
| NOI | $47.9k | $12.84 |
3,728 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$683.8K
$598.3K – $797.8K
NOI $47,867 @ 7.0% cap · market cap 5.04%
Second Best
Multifamily LT 5
$586.7K
$513.4K – $684.5K
NOI $41,071 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.01M
$880.5K – $1.17M
NOI $70,440 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Newberg
- County
- Yamhill
- State
- Oregon
- Longitude
- -122.96175
- Latitude
- 45.298334
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Up-to-date 4-plex with washer/dryer, off-street parking, and in-unit storage for strong day-to-day tenant livability.
Where is this quadplex located?
The property is located at 1552 E 3RD St Newberg, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four‑unit townhouse‑style 4‑plex built in 2006, described as a quiet, modern setup (not an apartment complex); Each unit is a 2 bed, 1.5 bath townhouse with about 930 SF, featuring a living room and kitchen area plus a grass back yard and patio; Rental structure listed as $1,450 per month plus a $85 flat rate for water, sewer, and garbage ($1,535 total); leases are month to month
