MLS# 24173649 – 309 W Sherman St, Newberg, OR 97132 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Valley Realty.

Property Description

Description

2 Units

Status: Active

Year Built: 2001

Neighborhood: Newberg

Days on Website: 9

$20,000 PRICE DROP Fantastic investment opportunity in Newberg! This 1616SF duplex is two units. One unit on the main floor features a living room, kitchen, 2 bedrooms,1 bathroom and it also features an upstairs bonus room and has 989 square feet. It currently rents for $1820/mo. The second unit features 1 bedroom and 1 bathroom with and it's own laundry and has approx. 627sf. It currently rents for $1400/mo. This property has two backyards and a 1 car attached garage. Nice front porch and is close to downtown Newberg.

Property Details and Features

Property Access

Road Surface Type:

Unimproved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

1616

Built in 2001

Storage:

Attached

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

WallUnit

Expenses

Operating Expense:

$5,051

Exterior Features

Exterior Description:

CementSiding,LapSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

Zoned

Income

CAP Rate:

6.34

Gross Income:

$38,640

Gross Rent Multiplier:

13.71

Net Operating Income:

$33,589

Listing

Contract Status Change Date:

2024-11-01

Days On Market:

Last Transaction Date:

2024-11-22 08:53:31

List Price:

$529,900

Listing Contract Date:

2024-11-01

Listing Id:

24173649

Mls Status:

Active

Modification Timestamp:

2024-11-22 08:53:31

On Market Date:

2024-11-01

Previous List Price:

$550,000

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_156

Subdivision Name:

Newberg

County Or Parish:

Yamhill

Lot

Features:

Level,Private

Size Acres:

0.1

Size Range:

SqFt3000to4999

Size Square Feet:

4,356

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Leases

Parking

Features:

Driveway

3 total parking spots

Possession

Possession:

Negotiable

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Zoning:

R-2

Roof

Roof:

Composition

Schools

High School:

Newberg

Middle Or Junior School:

Chehalem Valley

Elementary School:

Edwards

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$3,852

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,820

Area:

989

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,400

Area:

627

Features:

WasherDryerHookup

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Gas

Internet Service Type:

Cable

Water Source:

PublicWater

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$529,900 - Br/0Ba - for Sale in Newberg, Newberg

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$529,900 -

309 W Sherman St Newberg , OR 97132

MLS Area Major: _156

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 11:50PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.