Triplex with Carport
903 Charles Street Newberg, OR 97132
For Sale
$719,000
Triplex at 903 Charles Street with recently painted exterior and carport plus additional off-street parking.
Property Size2,932 SF
Price / SF$245.23
Days on Market411
Property Features for 903 Charles Street
General Information
- Standard status
- Active
- Size
- 2,932 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1979
Listing Agency:
Rick Hall Realty, Inc.
(503) 648-2188
Listed By:
Eric Hall · License #780203530
(503) 648-2188
Source:
Compass
Added: Jun 9, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:47AM
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 Rick Hall Realty, Inc.
Investment Insights
Based on property information with market context.
This tri-plex at 903 Charles Street offers income-producing residential living with an exterior that was recently painted. The property also includes a carport designed to accommodate multiple vehicles, along with additional off-street parking.
The home is described as being about 1 1/2 blocks to Renne Park, with easy access to downtown Newberg.
For buyers seeking a small multifamily property with on-site parking conveniences and a freshly updated exterior, this triplex provides a straightforward configuration as presented in the listing materials.
The home is described as being about 1 1/2 blocks to Renne Park, with easy access to downtown Newberg.
For buyers seeking a small multifamily property with on-site parking conveniences and a freshly updated exterior, this triplex provides a straightforward configuration as presented in the listing materials.
Key Highlights
- Tri‑plex at 903 Charles Street
- 2‑story property built in 1979
- Recently painted exterior
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.1k | $24.60 |
| − Vacancy | −$3.7k | −$1.25 |
| EGI | $68.4k | $23.35 |
| − OpEx | −$30.8k | −$10.51 |
| NOI | $37.6k | $12.84 |
2,932 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$537.8K
$470.6K – $627.5K
NOI $37,647 @ 7.0% cap · market cap 5.24%
Second Best
Multifamily LT 5
$461.4K
$403.8K – $538.4K
NOI $32,301 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$791.4K
$692.5K – $923.3K
NOI $55,399 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex at 903 Charles Street with recently painted exterior and carport plus additional off-street parking.
Where is this triplex located?
The property is located at 903 Charles Street Newberg, OR.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Tri‑plex at 903 Charles Street; 2‑story property built in 1979; Recently painted exterior
