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    Single-Level Duplex with Laundry Hookups Title is generated by Realmo AI

    605 S CENTER St, Newberg, OR 97132

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    For Sale
    $559,900

    MULTI_FAMILY - Newberg, OR

    Property size:
    1,696 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $330/SF
    Added:
    Jun 1, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 4 at 6:06 pm

    Property Features for 605 S CENTER St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R2
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3
    Standard status
    Active
    APN
    55111
    Size
    1,696 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Description
    TOWNSHIP 3S RANGE 2W SECTION 19 QTR D QQTR A TAXLOT 00100
    Tax Annual Amount
    3051

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1978
    Floors in Building
    1
    Number of units
    2
    Roof type
    Composition

    We can help!

    Listing Contact
    Carrie Casey

    Listing agent Carrie Casey License #950400188

    Listing office Willcuts Company Real Estate 600 E 2nd St, Newberg, OR

    Listing date Jun 1, 2026

    MLS# 552159462 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

    • 1978 single‑level duplex with a total of 1696 SF and central layout near downtown within walking distance
    • Each side features 2 bedrooms and 1 full bath, plus washer/dryer hookups and included appliances (refrigerator, built‑in dishwasher, garbage disposal, range)
    • Newer vinyl windows installed in 2020
    • New exterior paint scheduled for May 2026
    • #605 has newer LVP flooring throughout; #607 has newer waterproof vinyl sheet flooring in the kitchen, hall and bathroom
    • Currently rented for $1600/mo (#605) and $1700/mo (#607); rent increases 7/1/26 and 9/1/26

    Overview

    This 1978 single-level duplex offers two separate sides, each with two bedrooms and one full bath. The home totals 1,696 square feet and includes washer/dryer hookups along with a refrigerator, built-in dishwasher, garbage disposal, and range in each unit. Building updates include new vinyl windows installed in 2020, and new exterior paint scheduled for May 2026. Unit #605 features newer LVP flooring throughout, while unit #607 has newer waterproof vinyl sheet flooring in the kitchen, hall, and bathroom, with carpeted living room and bedrooms. Both units are presented as no pets and no smoking.

    The property is centrally located in Newberg, within walking distance to downtown. The site sits on a 0.17-acre lot and is zoned R2, supporting a residential income use.

    For buyers or operators seeking a maintained duplex with an established rental history, this configuration provides two identical 2-bedroom, 1-bath units with in-unit appliance package and laundry hookups. The units are currently rented at $1,600/month for #605 and $1,700/month for #607, with rent increases scheduled for 7/1/26 and 9/1/26. Please do not disturb tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newberg
    County
    Yamhill
    State
    Oregon
    Longitude
    -122.969894
    Latitude
    45.295382

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    FAQs

    What type of property is this?
    Duplex - R2 zoned duplex with two 2-bedroom units, each offering full baths and washer/dryer hookups.
    Where is this duplex located?
    The property is located at 605 S CENTER St Newberg, OR.
    What is the asking price?
    The asking price for this property is $559,900.
    What are key features of this property?
    This property features: 1978 single‑level duplex with a total of 1696 SF and central layout near downtown within walking distance; Each side features 2 bedrooms and 1 full bath, plus washer/dryer hookups and included appliances (refrigerator, built‑in dishwasher, garbage disposal, range); Newer vinyl windows installed in 2020
    (503) 849-3502
    We can help!
    Listing Contact
    Carrie Casey
    Real Estate License ID: 950400188
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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