Search
Renovated Four-Unit Property
For Sale
$914,900
Pending

404 Sw Elmwood Ave, McMinnville, OR 97128

Four updated residences with private yards, included appliances, storage, and washer and dryer hookups near downtown McMinnville.

Property SizeContact for details
Days on Market84

Property Features for 404 Sw Elmwood Ave

General Information

Standard status Pending
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $5,484
Listing Agency: Windermere Pacific Crest Realty
Listed By: Devri Doty · License #910600148
Source: Exprealty
Added: Jun 9 Changed: Aug 30 Last Checked: Aug 30 at 7:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Windermere Pacific Crest Realty

Investment Insights

Based on property information with market context.

This four-unit residential income property at 404 SW Elmwood Ave in McMinnville has undergone extensive renovation throughout. Improvements include updated plumbing and electrical systems, new fixtures and finishes, appliances in each residence, washer and dryer hookups, and dedicated storage. Each unit also includes a spacious yard, providing private outdoor space uncommon among multifamily properties.

The property is fully leased and positioned within walking distance of downtown McMinnville, where shops, restaurants, tasting rooms, and entertainment are located. The existing four-residence configuration combines refreshed interiors with outdoor amenities and established occupancy.

Key Highlights

  • Four‑unit property with extensive renovations to plumbing, electrical systems, fixtures, and finishes
  • Each residence includes a spacious yard and private outdoor space
  • Appliances included in every unit, with washer and dryer hookups

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store Furniture & Home Goods Auto Parts Store Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,313
Businesses Nearby

Demographics for 97128, OR

38,394
Population
15,291
Households
2.5
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
112.2 sq mi
ZIP Area
342
Density / Sq Mi
$72,055
Median Household Income
$37,427
Median Earnings
$1,295
Median Rent
$419,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Quadplex - Four updated residences with private yards, included appliances, storage, and washer and dryer hookups near downtown McMinnville.
Where is this quadplex located?
The property is located at 404 Sw Elmwood Ave McMinnville, OR.
What is the asking price?
The asking price for this property is $914,900.
What are key features of this property?
This property features: Four‑unit property with extensive renovations to plumbing, electrical systems, fixtures, and finishes; Each residence includes a spacious yard and private outdoor space; Appliances included in every unit, with washer and dryer hookups
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message