Historic Colonial Bed &
For Sale
$1,999,000
809 NE Evans St, McMinnville, OR 97128
Hospitality offering pairs a residential inn with a two-suite short-term rental property.
Property Size8,460 SF
Price / SF$236.29
Days on Market56
Property Features for 809 NE Evans St
General Information
Standard status
Active
Size
8,460 SF
Additional Details
Multifamily Units
4
Building Details
Year Built
1925
Listing Agency:
Vantage Point Brokers, LLC
Listed By:
Kevin Riley · License #201215784
(503) 580-1500
Source:
Wyndeekono
Added: Aug 20
Changed: Oct 14
Last Checked: Oct 7 at 1:43PM
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 Vantage Point Brokers, LLC
Investment Insights
Based on property information with market context.
This offering combines two income-producing residential properties in McMinnville. The 1925 Colonial-style bed-and-breakfast at 809 NE Evans St. includes six bedrooms, 6.5 baths, an ADU, formal dining space, multiple indoor and outdoor gathering areas, and a basement configured as owner quarters. The ADU’s primary area is used as working quarters, and the property includes a non-conforming bedroom with a full bath that lacks egress.
At 419 NE 8th St., the 1913 Craftsman duplex is arranged as two short-term rental suites, with one one-bedroom suite and kitchen upstairs and another one-bedroom suite and kitchen downstairs. The property also includes a 24x30 detached garage, gardening space, and a mini-split/AC unit. Both properties are located blocks from McMinnville’s historic downtown setting. Combined property size is 8460 square feet, including both residences and the ADU. Financials for the last three years can be provided upon request.
At 419 NE 8th St., the 1913 Craftsman duplex is arranged as two short-term rental suites, with one one-bedroom suite and kitchen upstairs and another one-bedroom suite and kitchen downstairs. The property also includes a 24x30 detached garage, gardening space, and a mini-split/AC unit. Both properties are located blocks from McMinnville’s historic downtown setting. Combined property size is 8460 square feet, including both residences and the ADU. Financials for the last three years can be provided upon request.
Key Highlights
- Two income‑producing properties in McMinnville, including a bed‑and‑breakfast and a short‑term rental duplex
- 1925 Colonial‑style bed‑and‑breakfast with 6 bedrooms, 6.5 baths, and an ADU
- 1913 Craftsman duplex with two one‑bedroom suites, each with a kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,626
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,172,520
$2.2M
Cap Rate 7%
$1,551,800
$1.6M
Cap Rate 9%
$1,206,956
$1.2M
Market Conditions
NOI Build-Up for 8,460 SF
Gross rent
$208.1K $24.60/SF
− Vacancy
−$10.6K −$1.25/SF
EGI
$197.5K $23.35/SF
− OpEx
−$88.9K −$10.51/SF
NOI
$108.6K $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%
$2,172,520
Cap Rate 7%
$1,551,800
Cap Rate 9%
$1,206,956
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,626 @ 7.0% cap · market cap 5.43%
Second Best
Multifamily LT 5
$1.33M
$1.17M – $1.55M
NOI $93,202 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,849 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,529
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
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Similar Off Market Nearby
- Drumwood Vacation Rentals — 637 SW Drumwood Ave, McMinnville, OR 97128
- vintage luxury retreat — 1409 SE Brooks St, McMinnville, OR 97128
- McMinnvilleManor — 135 ne irvine st, mcminnville, or 97128
- 726 Fourth | Historic Wortman House — 726 NE 4th St, McMinnville, OR 97128
- A' Tuscan Estate Bed & Breakfast — 809 NE Evans St, McMinnville, OR 97128
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Hospitality offering pairs a residential inn with a two-suite short-term rental property.
Where is this bed & breakfast located?
The property is located at 809 NE Evans St McMinnville, OR.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Two income‑producing properties in McMinnville, including a bed‑and‑breakfast and a short‑term rental duplex; 1925 Colonial‑style bed‑and‑breakfast with 6 bedrooms, 6.5 baths, and an ADU; 1913 Craftsman duplex with two one‑bedroom suites, each with a kitchen
