23090 YAMHILL RIVER RD, Willamina, OR 97396
Fourteen-acre estate on the Yamhill River with an event venue, residence, and multiple on-site accommodations.
- Added:
- Jun 30, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 4 at 3:23 am
Property Features for 23090 YAMHILL RIVER RD
General Information
- Standard status
- Active
- Size
- 8,362 SF
- Lot size
- 14.00 Acres
- Property subtype
- Hospitality, Land, Business for Sale
Building Details
- Year Built
- 2003
Listing office Berkshire Hathaway HomeServices Northwest Real Estate (503) 708-4663
Listing date Jun 30, 2026
Source Crexi
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HighLights
- 14‑acre Yamhill Riverfront estate with more than 1,400 ft of river frontage and two ponds
- 4,200 SF event venue with expansive garden views and a covered riverside banquet area for outdoor dining
- Approved for weddings, corporate retreats, and special events; venue includes 3 additional bathrooms
- Includes a 2,078 SF riverfront residence (2 bed, 2 bath), plus a separate 2‑bedroom, 1‑bath cottage and a studio with full bath
- Above the event center is a spacious art studio with potential to convert to a two‑bedroom apartment
- On‑site outbuildings include large lean‑to storage, 7‑bay tractor shed, grooms quarters, potting shed, and tool shed
Overview
The setting features mature landscaping, serene river views, and over 1,400 feet of river frontage. The estate is approved for weddings, corporate retreats, and special events. Additional amenities and utilities include valuable water rights and two ponds, plus several outbuildings such as a large lean-to for storage, a 7-bay tractor shed, grooms quarters, a potting shed, and a tool shed.
This configuration can serve as a turnkey event operation with on-site guest accommodations, while also supporting personal use with a full residence and auxiliary lodging. The short-term rental–suited studio adds flexibility for supplementary income, and the additional outbuildings provide practical storage and workspace for event and property operations.
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 | $205.7k | $24.60 |
| − Vacancy | −$10.5k | −$1.25 |
| EGI | $195.2k | $23.35 |
| − OpEx | −$87.8k | −$10.51 |
| NOI | $107.4k | $12.84 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Willamina
- County
- Yamhill
- State
- Oregon
- Longitude
- -123.502396
- Latitude
- 45.049633