Corner-Lot
For Sale
$585,000
300 N Morton St, Newberg, OR 97132
MultiFamily, Newberg, OR
Property Size1,841 SF
Lot Size0.18 Acres
Price / SF$317.76
Days on Market49
Property Features for 300 N Morton St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3
Subdivision
NEWBERG
Elementary school
Antonia Crater
Middle school
Chehalem Valley
High school
Newberg
Directions
From 99W, North on Second Way, East on First St, North on Morton St, NE Corner of Morton & Sheridan
Standard status
Active
APN
44071
Size
1,841 SF
Lot size
0.18 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Hurley & Larges Addition, Block 30, Tax Lot 2
Tax Annual Amount
3426
Legal Description
Hurley & Larges Addition, Block 30, Tax Lot 2
Utilities
Heating system
Forced Air, Ceiling
Building Details
Year built
1972
Floors in Building
1
Number of units
2
Roof type
Composition, Shingle
Buildings
1
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Michael Bernards
(503) 753-3151
Added: Sep 10
Changed: Oct 28
Last Checked: Oct 28 at 2:06PM
MLS# 185605395
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.
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Investment Insights
Based on property information with market context.
This duplex contains two residential units, each with 2 bedrooms, 1 bathroom, and 920 square feet of living space. Built in 1972, the property includes ceiling and forced-air heating along with shingle and composition roofing. Each unit also has its own private backyard, while the corner-lot layout provides additional outdoor area for parking, storage, or other site functions.
The property is located at 300 N Morton St in Newberg, Oregon, within the 97132 ZIP code. Historic Downtown Newberg is described as being a short distance away, and George Fox University is nearby. The property is zoned R2 and occupies a 0.18-acre lot.
The property is located at 300 N Morton St in Newberg, Oregon, within the 97132 ZIP code. Historic Downtown Newberg is described as being a short distance away, and George Fox University is nearby. The property is zoned R2 and occupies a 0.18-acre lot.
Key Highlights
- Two‑unit duplex with 2 bedrooms, 1 bathroom, and 920 square feet per unit
- 0.18‑acre corner lot at 300 N Morton St, Newberg, OR 97132
- Private backyard provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,638
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,760
$472.8K
Cap Rate 7%
$337,686
$337.7K
Cap Rate 9%
$262,644
$262.6K
Market Conditions
NOI Build-Up for 1,841 SF
Gross rent
$45.3K $24.60/SF
− Vacancy
−$2.3K −$1.25/SF
EGI
$43.0K $23.35/SF
− OpEx
−$19.3K −$10.51/SF
NOI
$23.6K $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 Rate 5%
$472,760
Cap Rate 7%
$337,686
Cap Rate 9%
$262,644
Alternative Uses
Best Use
Apartment 5plus
$337.7K
$295.5K – $394.0K
NOI $23,638 @ 7.0% cap · market cap 4.04%
Second Best
Multifamily LT 5
$289.7K
$253.5K – $338.0K
NOI $20,282 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$496.9K
$434.8K – $579.8K
NOI $34,785 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units feature private backyards and established long-term renters in place.
Where is this duplex located?
The property is located at 300 N Morton St Newberg, OR.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms, 1 bathroom, and 920 square feet per unit; 0.18‑acre corner lot at 300 N Morton St, Newberg, OR 97132; Private backyard provided for each unit
