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    507 NE Davis St McMinnville, OR 97128

    Sponsored
    For Sale
    $1,330,000

    MULTI_FAMILY - McMinnville, OR

    Property size:
    5,350 SF
    Lot size:
    0.18 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 507 NE Davis St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-3
    Rooms
    Bedroom 3, Bedroom 7, Bedroom 9, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 6, Bedroom 8, Bedroom 5, Bedroom 2, Bathroom 5, Bathroom 4, Bathroom 6, Bathroom 2
    Bedrooms
    9
    APN
    159580
    Size
    5,350 SF
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    5
    Roof type
    Composition

    Bella Casa Real Estate Group (503) 437-9005 [email protected]

    Listing agent Brielle Houston (503) 437-9005

    Listing date Jan 2, 2026

    MLS# 262186389 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.

    Overview

    Updated Multifamily Property in McMinnville

    This updated multi-unit property is located steps from downtown McMinnville. The property features five uniquely designed apartments, two of which are successful short-term rentals. Each unit showcases custom finishes, stylish wallpaper, fresh paint, updated window coverings, and newly renovated kitchens and bathrooms in four of the units. New ductless heat pumps have been installed throughout. The basement is currently set up as a shared common space with a kitchen, and could be transformed into private storage lockers for tenants or wine lockers for guests. Updated wiring for an EV charging station is included. The lot size is 0.18 acres and the property size is 5350 square feet. The zoning is C-3. The property is located in Yamhill County and has a walk score of 92, with proximity to restaurants, shops, tasting rooms, and local attractions. This property is intended for use as apartment buildings, multifamily properties, residential income properties, and short term rental properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mid-Valley Davis Street ... Physical Therapy Clinic

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McMinnville
    County
    Yamhill
    State
    Oregon
    Longitude
    -123.195846
    Latitude
    45.211699

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    FAQs

    What type of property is this?
    Apartment building - Updated multi-unit property near downtown McMinnville with income potential.
    Where is this apartment building located?
    The property is located at 507 NE Davis St McMinnville, OR.
    What is the asking price?
    The asking price for this property is $1,330,000.
    What are key features of this property?
    This property features: - Prime location in the heart of historic McMinnville, steps from downtown restaurants, shops, and attractions (Walk Score 92).; - Five uniquely designed apartments, including **two successful short-term rentals with a proven income track record.**; - **Newly renovated kitchens and bathrooms in four of the units**, plus custom finishes, stylish wallpaper, fresh paint, and updated window coverings throughout.
    (503) 437-9005
    Request Owner's contact information
    507 NE Davis St McMinnville, OR 97128
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    McMinnville, OR 97128
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    507 NE Davis St McMinnville, OR 97128
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