1034 Davis St McMinnville, OR 97128
This exceptional multifamily property, located at 1034 NE Davis St in McMinnville, Oregon, presents a compelling investment opportunity. The property boasts a desirable location, close to downtown McMinnville and Linfield University, offering easy access to shops, restaurants, and vibrant street life. The main level features three bedrooms and a full bathroom, a spacious living room, a formal dining area, and a kitchen equipped with new appliances. A deck overlooks a sizable yard. Upstairs, a self-contained one-bedroom, one-bathroom apartment with a full kitchen and laundry facilities provides ideal dual living arrangements or generates substantial rental income. A large basement includes two bonus rooms, additional laundry hookups, and ample storage space. Recent improvements include a new roof (installed in 2006) and new laminate flooring and carpeting throughout. The lot size is 3,262 square feet. This property is being offered for sale by owner at $529,000 and represents a rare chance to acquire a well-maintained, high-potential multifamily investment in a thriving Oregon community. The property is zoned for multifamily use. The property is sold as-is.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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