Historic Mixed-Use
For Sale
$2,590,000
811 E 1st Street, Newberg, OR 97132
Ground-floor commercial space is complemented by two upper-level residential units used for short-term rentals.
Property Size7,200 SF
Price / SF$359.72
Days on Market262
Property Features for 811 E 1st Street
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Commercial
Zoning
C3
Site & Location
Corner Location
Yes
Mixed-Use Components
retail, residential
Taxes and HOA fees
Annual Taxes
$3,999
Amenities
Ceiling Fan(s)
Smart Lock(s)
Solid Surface Counters
Vaulted Ceiling(s)
High Speed Internet
Building Details
Building Size
7,200 SF
Year Built
1888
Buildings
1
Stories
2
Units
5
Listing Agency:
Infinity Real Estate Group-Keller Williams Realty Southern Oregon
(541) 884-7123
Listed By:
Erica Abel · License #200508249
(425) 999-2335
Source:
Desertskyrealestate
Added: Feb 8
Changed: Oct 25
Last Checked: Oct 26 at 3:47AM
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 Infinity Real Estate Group-Keller Williams Realty Southern Oregon
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Investment Insights
Based on property information with market context.
Dating to 1888, this mixed-use building in downtown Newberg combines street-level commercial space with two residential units above. The upper units currently operate as short-term rentals, and the property is zoned C3.
The building occupies a corner at 1st and Meridian Street, with an address on E 1st Street. Its commercial and residential components are arranged within a single historic property.
The building occupies a corner at 1st and Meridian Street, with an address on E 1st Street. Its commercial and residential components are arranged within a single historic property.
Key Highlights
- Built in 1888
- Two upper‑level residential units currently used as short‑term rentals
- Ground‑floor commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,312
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,866,240
$1.9M
Cap Rate 7%
$1,333,029
$1.3M
Cap Rate 9%
$1,036,800
$1.0M
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$155.5K $21.60/SF
− Vacancy
−$6.2K −$0.86/SF
EGI
$149.3K $20.74/SF
− OpEx
−$56.0K −$7.78/SF
NOI
$93.3K $12.96/SF
Area
Yamhill County, OR
Vacancy
4.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,866,240
Cap Rate 7%
$1,333,029
Cap Rate 9%
$1,036,800
Alternative Uses
Best Use
Mixed Use
$1.33M
$1.17M – $1.56M
NOI $93,312 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$1.32M
$1.16M – $1.54M
NOI $92,448 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $136,042 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,109
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?
Mixed-use property - Ground-floor commercial space is complemented by two upper-level residential units used for short-term rentals.
Where is this mixed-use property located?
The property is located at 811 E 1st Street Newberg, OR.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: Built in 1888; Two upper‑level residential units currently used as short‑term rentals; Ground‑floor commercial space
