Duplex with Two-Bedroom
For Sale
$479,990
504 E 9TH 14 St, Newberg, OR 97132
MultiFamily, Newberg, OR
Property Size1,536 SF
Lot Size0.11 Acres
Price / SF$312.49
Days on Market802
Property Features for 504 E 9TH 14 St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 2
Elementary school
Edwards
Middle school
Chehalem Valley
High school
Newberg
Directions
BLAINE TO E 9TH
Subdivision
_156
Standard status
Active
APN
58546
Size
1,536 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
TOWNSHIP 3S RANGE 2W SECTION 19 QTR D QQTR D TAXLOT 02800
Tax Annual Amount
2316
Legal Description
TOWNSHIP 3S RANGE 2W SECTION 19 QTR D QQTR D TAXLOT 02800
Utilities
Heating system
Forced Air
Building Details
Year built
1972
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Felicity Cortese
(971) 754-8088
Added: Aug 24, 2024
Changed: Nov 1
Last Checked: Nov 3 at 3:06AM
MLS# 24190404
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 at 504 E 9TH 14 St in Newberg, Oregon, contains 1,536 square feet across two units. Each unit includes two bedrooms and one bathroom, creating a straightforward residential layout. The property was built in 1972 on a 0.11-acre lot and has a composition roof.
Both units have updated breaker panels. Heating is provided by forced air, with Cadet heaters installed or wiring in place for them. The property is zoned R-3 and is located in Newberg, within Yamhill County. Its duplex configuration supports separate residential living areas within one property.
Both units have updated breaker panels. Heating is provided by forced air, with Cadet heaters installed or wiring in place for them. The property is zoned R-3 and is located in Newberg, within Yamhill County. Its duplex configuration supports separate residential living areas within one property.
Key Highlights
- Two‑unit duplex with 1,536 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- 0.11‑acre lot in Newberg, Oregon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,722
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,440
$394.4K
Cap Rate 7%
$281,743
$281.7K
Cap Rate 9%
$219,133
$219.1K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$37.8K $24.60/SF
− Vacancy
−$1.9K −$1.25/SF
EGI
$35.9K $23.35/SF
− OpEx
−$16.1K −$10.51/SF
NOI
$19.7K $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%
$394,440
Cap Rate 7%
$281,743
Cap Rate 9%
$219,133
Alternative Uses
Best Use
Apartment 5plus
$281.7K
$246.5K – $328.7K
NOI $19,722 @ 7.0% cap · market cap 4.11%
Second Best
Multifamily LT 5
$241.7K
$211.5K – $282.0K
NOI $16,922 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$414.6K
$362.8K – $483.7K
NOI $29,022 @ 7.0% cap · market cap 6.05%
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
195
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 - Both units offer practical layouts with updated breaker panels and residential R-3 zoning.
Where is this duplex located?
The property is located at 504 E 9TH 14 St Newberg, OR.
What is the asking price?
The asking price for this property is $479,990.
What are key features of this property?
This property features: Two‑unit duplex with 1,536 square feet; Each unit includes 2 bedrooms and 1 bathroom; 0.11‑acre lot in Newberg, Oregon
