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    Renovated Four-Unit Residential Property Title is generated by Realmo AI

    404 SW ELMWOOD Ave, McMinnville, OR 97128

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    For Sale
    $914,900

    MULTI_FAMILY - McMinnville, OR

    Lot size:
    0.30 Acres
    Added:
    Jun 9, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 10 at 12:06 am

    Property Features for 404 SW ELMWOOD Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-2
    Bedrooms
    10
    Bathrooms
    4
    Rooms
    Bedroom 2, Bedroom 7, Bedroom 4, Bedroom 8, Bathroom 4, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 9, Bedroom 1, Bathroom 1, Bedroom 10
    Standard status
    Active
    APN
    154255
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Description
    PT LOT 11 IN COZINES SECOND ADDITION
    Tax Annual Amount
    5485

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    4
    Roof type
    Composition

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    Listing Contact
    Devri Doty
    Devri Doty

    Listing agent Devri Doty License #910600148

    Listing office Windermere Pacific Crest Realty 609 NE Baker St., Suite 110, McMinnville, OR

    Listing date Jun 9, 2026

    MLS# 316006147 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.

    HighLights

    • Four‑unit multifamily property built in 1950 with a composition roof
    • Extensively renovated: each unit gutted and rebuilt with new plumbing and electrical systems
    • Modern updates throughout each unit, including new fixtures and finishes
    • Each residence includes appliances, washer and dryer hookups, storage, and a spacious yard
    • Property is fully leased

    Overview

    This for-sale four-unit residential property has been extensively renovated, with each unit gutted and rebuilt using new plumbing and electrical systems. Updates carry through to fixtures, finishes, and the overall interior presentation, creating move-in-ready residences. Each unit includes appliances and has washer and dryer hookups, along with storage for tenant convenience. The property is described as fully leased with rental income already in place.

    Situated in McMinnville, Oregon, the building is positioned within walking distance to downtown amenities, including shops, restaurants, tasting rooms, and entertainment. The lot size is listed at 0.3 acres, and the outdoor space is a meaningful part of the offering, as each residence is described as having a spacious yard.

    The renovated quadplex format can appeal to investors seeking a low-maintenance, turnkey setup supported by consistent occupancy. With updated building systems, included appliances, and unit-level outdoor space, it is designed to reduce downtime and support tenant livability. Zoning is listed as R-2, providing a residential basis for income-oriented ownership in this market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McMinnville
    County
    Yamhill
    State
    Oregon
    Longitude
    -123.202228
    Latitude
    45.206333

    FAQs

    What type of property is this?
    Quadplex - Renovated quadplex with private yard space and updated systems, positioned for income-focused ownership under R-2 zoning.
    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 multifamily property built in 1950 with a composition roof; Extensively renovated: each unit gutted and rebuilt with new plumbing and electrical systems; Modern updates throughout each unit, including new fixtures and finishes
    More about this property
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