Townhome-Style Quadplex with
For Sale
$850,000
1552 E 3RD St, Newberg, OR 97132
MULTI_FAMILY - Newberg, OR
Property Size3,728 SF
Lot Size0.23 Acres
Price / SF$228
Days on Market97
Property Features for 1552 E 3RD St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 3, Bedroom 5, Bedroom 6, Bathroom 4, Bedroom 1, Bathroom 6, Bathroom 2, Bedroom 2
View
Territorial
Elementary school
Edwards
Middle school
Mountain View
High school
Newberg
Directions
99W to Everest, S to 3rd, R to property
Subdivision
_156
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
Legal Description
PT LOTS 5 & 6 - BLOCK E IN HOBSONS ADDITION
Utilities
Heating system
Zoned
Amenities
Nice Grass Back Yard & Patio
secured storage room
Washer/Dryer in Units
High efficiency individual room heat
Building Details
Year built
2006
Floors in Building
2
Number of units
4
Roof type
Composition
Listing Agency:
Premiere Property Group, LLC
(503) 670-9000
Listed By:
Tim Jackson
(503) 957-7981
Added: May 7
Changed: Aug 2
Last Checked: Aug 11 at 9:06PM
MLS# 460648136
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 townhome-style quadplex offers four 2-bedroom units with 1.5-bath layouts, each featuring a spacious living room and kitchen area. Units include washer/dryer and newer flooring in the kitchen and living room, plus a half bath downstairs and full bath upstairs. Tenants also have access to a nice grass backyard with patio space and a secured storage room, along with two off-street car parking spaces per unit. The property totals 3,728 SF and was built in 2006, with a composition roof and zoned heating.
The lot size is 0.23 acres, and the exterior configuration is described as a quiet 4-plex rather than an apartment complex. Leases are month to month and will be provided with an acceptable offer. A newer roof was installed about 5 years ago.
The property is in a quiet neighborhood and street, with proximity to George Fox and PCC colleges, as well as shopping, restaurants, and wine country.
Please do not drive on the property or disturb tenants.
The lot size is 0.23 acres, and the exterior configuration is described as a quiet 4-plex rather than an apartment complex. Leases are month to month and will be provided with an acceptable offer. A newer roof was installed about 5 years ago.
The property is in a quiet neighborhood and street, with proximity to George Fox and PCC colleges, as well as shopping, restaurants, and wine country.
Please do not drive on the property or disturb tenants.
Key Highlights
- Townhome‑style quadplex with patios and secured storage
- Built in 2006 with composition roof and zoned heating
- 3,728 SF on 0.23‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,867
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$957,340
$957.3K
Cap Rate 7%
$683,814
$683.8K
Cap Rate 9%
$531,856
$531.9K
Market Conditions
NOI Build-Up for 3,728 SF
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.
Gross rent
$91.7K $24.60/SF
− Vacancy
−$4.7K −$1.25/SF
EGI
$87.0K $23.35/SF
− OpEx
−$39.2K −$10.51/SF
NOI
$47.9K $12.84/SF
Area
Yamhill County, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$957,340
Cap Rate 7%
$683,814
Cap Rate 9%
$531,856
Alternative Uses
Best Use
Apartment 5plus
$683.8K
$598.3K – $797.8K
NOI $47,867 @ 7.0% cap · market cap 5.63%
Second Best
Multifamily LT 5
$586.7K
$513.4K – $684.5K
NOI $41,071 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$1.01M
$880.5K – $1.17M
NOI $70,440 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
Explore this area
Business Placement
Demographics for 97132, OR
32,028
Population
12,411
Households
2.6
Avg Household Size
38
Median Age
39%
College-Educated
93%
High-School Grad
62.6 sq mi
ZIP Area
512
Density / Sq Mi
$95,150
Median Household Income
$46,005
Median Earnings
$1,567
Median Rent
$498,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Townhome-style quadplex on a 0.23-acre lot with patios, secured storage, and zoned heating.
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 $850,000.
What are key features of this property?
This property features: Townhome‑style quadplex with patios and secured storage; Built in 2006 with composition roof and zoned heating; 3,728 SF on 0.23‑acre lot
