5-Acre Residential Land With
29770 NE WILSONVILLE Rd Newberg, OR 97132
New
29770 NE WILSONVILLE Rd, Newberg, OR, 97132
$599,900
For Sale
$599,900
LAND - Newberg, OR
Property Size2,000 SF
Lot Size5.00 Acres
Price / SF$299.95
Days on Market3
Property Features for 29770 NE WILSONVILLE Rd
General Information
- Property type
- Land
- Property subtype
- Single Family Residence
- Zoning
- AF-10
- Standard status
- Active
- APN
- 63754
- Lot size
- 5.00 Acres
Taxes and HOA fees
- Tax Description
- SEE METES & BOUNDS
- Tax Annual Amount
- 2801
Listing Agency
Willcuts Company Real Estate
(503) 538-8311
600 E 2nd St, Newberg, OR
Listed by
Carrie Casey · License #950400188
(503) 849-3502
Added: Jul 15 Checked: Jul 17 at 1:06 pm
MLS# 350845793
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.
Offered for sale is a useable 5-acre residential parcel featuring a single-level home built in 1922. The home is described at approximately 2,000 square feet with three bedrooms and two bathrooms. The property includes a septic system and a domestic well for the home. A second well previously used for a garden and livestock has not been used in numerous years, and its status is unknown. The home is noted as having no heat source, but it is plumbed for a wood stove.
The property includes a shop with new buried power brought in and a new panel installed in 2022. The seller states no pesticides or chemical fertilizers have been used on the property since 1985. The parcel is located minutes outside of Newberg along Wilsonville Road.
This setting supports a range of options, including a restoration of the existing structure or a tear-down and rebuild on the level acreage.
The property includes a shop with new buried power brought in and a new panel installed in 2022. The seller states no pesticides or chemical fertilizers have been used on the property since 1985. The parcel is located minutes outside of Newberg along Wilsonville Road.
This setting supports a range of options, including a restoration of the existing structure or a tear-down and rebuild on the level acreage.
Key Highlights
- Single‑level 1922 home on a useable 5‑acre parcel minutes outside of Newberg on Wilsonville Road
- Approx 2,000 SF with 3 bedrooms and 2 bathrooms
- Septic system and a domestic well for the home
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 | $49.2k | $24.60 |
| − Vacancy | −$2.5k | −$1.25 |
| EGI | $46.7k | $23.35 |
| − OpEx | −$21.0k | −$10.51 |
| NOI | $25.7k | $12.84 |
2,000 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$366.9K
$321.0K – $428.0K
NOI $25,680 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$539.8K
$472.4K – $629.8K
NOI $37,789 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Residential land with a single-level 1922 home on 5 acres, served by septic and a domestic well.
Where is this single family property located?
The property is located at 29770 NE WILSONVILLE Rd Newberg, OR.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Single‑level 1922 home on a useable 5‑acre parcel minutes outside of Newberg on Wilsonville Road; Approx 2,000 SF with 3 bedrooms and 2 bathrooms; Septic system and a domestic well for the home
