410 SW MILL St, Sheridan, OR 97378
- Added:
- Mar 19, 2026
- Days on Market:
- 101
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 410 SW MILL St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1
- Standard status
- Active
- APN
- 226981
Taxes and HOA fees
- Tax Description
- LOTS 1 & 2 - BLOCK 3 IN GILSTRAP'S ADDITION
- Tax Annual Amount
- 1649
Utilities
- Heating system
- Zoned
Building Details
- Year built
- 1979
- Number of units
- 2
- Roof type
- Composition
Listing agent Lacey Summers License #201225468 (503) 435-7059
Listing office Bella Casa Real Estate Group 207 NE 19th St Ste 100, McMinnville, OR (503) 435-7059
Listing date Mar 19, 2026
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
- Income‑producing duplex in Sheridan, OR, offering 1,662 SF flexible layout for renters, house‑hackers, or multigenerational use
- Originally built in 1979 and currently configured as two separate units with a securable interior connecting door
- Two‑bedroom side includes a gas fireplace
- Each unit features durable tile and laminate flooring for easier maintenance
- Single water meter; owner currently covers water, sewer, and trash
- Comes with composition roof and zoned heating
Overview
Located in Sheridan, Oregon (R1 zoning), the property is described as being near schools, parks, and downtown. It also has easy access to Highway 18 and is positioned with convenient proximity to Yamhill County wine country. The home has a single water meter, and the owner is currently covering water, sewer, and trash.
For tenants, buyers, and owner-occupants, the layout supports multiple living arrangements, including duplex use, house-hacker scenarios, or multigenerational setups. The ability to keep the interior connection secured provides operational flexibility depending on how you plan to use the property day to day.
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 | $40.9k | $24.60 |
| − Vacancy | −$2.1k | −$1.25 |
| EGI | $38.8k | $23.35 |
| − OpEx | −$17.5k | −$10.51 |
| NOI | $21.3k | $12.84 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sheridan
- County
- Yamhill
- State
- Oregon
- Longitude
- -123.400973
- Latitude
- 45.095733
