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    408 1St St Newberg, OR 97132

    Sponsored
    For Sale
    $850,000

    High-yield, leased multi-family building in prime location.

    Property size:
    2,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional investment opportunity presents a rare mixed-use building situated on Newberg's First Street, directly adjacent to City Hall. The property encompasses 2,500 square feet on a 0.06-acre lot and features a ground floor commercial space currently leased to Barley & Vine, a well-established tenant. The upper level comprises a residential apartment, adding to the property's diverse income stream. This location offers unparalleled visibility and accessibility within the vibrant Newberg community, known for its thriving wine industry. The existing lease agreement with the ground floor tenant provides a stable and predictable income source. Detailed financial information regarding the property's income is available upon request. This is a unique chance to acquire a well-positioned, income-generating asset in a desirable Oregon wine country location. The property's strategic placement near City Hall ensures high foot traffic and visibility, further enhancing its investment potential. Serious inquiries only. Contact us to schedule a showing and explore this lucrative opportunity. The property is sold as-is.

    Property Features for 408 1St St

    General Information

    Property type
    Residential income properties
    Square Feet
    2,500 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Reid Rental Equipment Rental Agency Barley & Vine Tavern Bar Bunn Bldg. Store Daniel Garris Massage Therapist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Newberg
    County
    Yamhill
    State
    Oregon
    Longitude
    -122.9756
    Latitude
    45.30005

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    FAQs

    What type of property is this?
    Residential income property - High-yield, leased multi-family building in prime location.
    Where is this residential income property located?
    The property is located at 408 1St St Newberg, OR.
    What is the asking price?
    The asking price for this property is $850,000.
    (503) 793-9039
    Request Owner's contact information
    408 1St St Newberg, OR 97132
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    Newberg, OR 97132
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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
    408 1St St Newberg, OR 97132
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