Modern Quadplex with Townhome
For Sale
$810,000
1552 E 3RD St, Newberg, OR 97132
MultiFamily, Newberg, OR
Property Size3,728 SF
Lot Size0.23 Acres
Price / SF$217.27
Days on Market112
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 4, Bedroom 3, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 6, Bedroom 1, Bathroom 5, Bathroom 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
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 25
Last Checked: Aug 26 at 3:06AM
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 3,728-square-foot quadplex contains four townhouse-style residences, each with two bedrooms, one full bath, and one half bath. Individual units measure 930 square feet and include a living room, kitchen, patio, grass backyard area, secured storage room, washer and dryer, and zoned high-efficiency room heating. Kitchen and living room flooring has been updated, and the composition roof was replaced 5 years ago. The property was built in 2006 and occupies 0.23 acres.
Each residence includes two off-street car parking spaces. The property is near George Fox and PCC colleges, shopping, restaurants, wineries, and Oregon wine country. All leases are month to month, with leases provided upon an acceptable offer.
Each residence includes two off-street car parking spaces. The property is near George Fox and PCC colleges, shopping, restaurants, wineries, and Oregon wine country. All leases are month to month, with leases provided upon an acceptable offer.
Key Highlights
- Four townhouse‑style units within a 3,728 SF quadplex
- Each residence offers 930 Square Feet, 2 bedrooms, and 1.5 baths
- Built in 2006 on a 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
5.91%
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 5.91%
Second Best
Multifamily LT 5
$586.7K
$513.4K – $684.5K
NOI $41,071 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$1.01M
$880.5K – $1.17M
NOI $70,440 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
927
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 - Four two-bedroom townhomes feature private patios, secured storage, and in-unit laundry.
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 $810,000.
What are key features of this property?
This property features: Four townhouse‑style units within a 3,728 SF quadplex; Each residence offers 930 Square Feet, 2 bedrooms, and 1.5 baths; Built in 2006 on a 0.23‑acre lot
