Updated Duplex Near Linfield
813 SE FORD St McMinnville, OR 97128
813 SE FORD St, McMinnville, OR, 97128
$439,000
For Sale
$439,000
MULTI_FAMILY - McMinnville, OR
Property Size1,381 SF
Lot Size0.13 Acres
Price / SF$317.89
Days on Market507
Property Features for 813 SE FORD St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3
- Standard status
- Active
- APN
- 163744
- Size
- 1,381 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Description
- SEE METES & BOUNDS
- Tax Annual Amount
- 2350
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Composition
Listing Agency
Willcuts Company Real Estate
(503) 538-8311
600 E 2nd St, Newberg, OR
Listed by
Zach Bernards · License #201225594
(971) 267-6833
Added: Feb 25, 2025 Checked: Jul 17 at 7:06 pm
MLS# 343143335
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.
Investment Insights
Based on property information with market context.
This updated duplex is located within walking distance of Linfield University and Downtown McMinnville. The property features a two-bedroom, one-bath unit and a one-bedroom, one-bath unit. Recent updates include new quartz countertops, bathrooms, and laminate flooring. The roof, exterior, and interior painting were redone in the last five years. The property size is 1381 square feet and the lot size is 0.13 acres. One unit is vacant. One unit has a detached storage shed, and both units have separate driveways. The property is zoned R4 and is located in McMinnville, Oregon.
Key Highlights
- Updated duplex with two separate units: 2‑bedroom/1‑bath and 1‑bedroom/1‑bath
- One unit is vacant and ready for house‑hackers
- Recent updates include new quartz countertops, bathrooms, and laminate flooring in both units
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 | $34.0k | $24.60 |
| − Vacancy | −$1.7k | −$1.25 |
| EGI | $32.2k | $23.35 |
| − OpEx | −$14.5k | −$10.51 |
| NOI | $17.7k | $12.84 |
1,381 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$253.3K
$221.7K – $295.5K
NOI $17,732 @ 7.0% cap · market cap 4.04%
Second Best
Multifamily LT 5
$217.3K
$190.2K – $253.6K
NOI $15,214 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$372.8K
$326.2K – $434.9K
NOI $26,094 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated duplex near Linfield University and Downtown McMinnville.
Where is this duplex located?
The property is located at 813 SE FORD St McMinnville, OR.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Updated duplex with two separate units: 2‑bedroom/1‑bath and 1‑bedroom/1‑bath; One unit is vacant and ready for house‑hackers; Recent updates include new quartz countertops, bathrooms, and laminate flooring in both units
