MLS# 24398811 – 504 E 9th 10,12 St, Newberg, OR 97132 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Realty Portland Premiere.

Property Description

Description

2 Units

Status: Active

Year Built: 1972

Days on Website: 91

Discover the perfect investment opportunity or starter home! This well-maintained duplex is situated in a peaceful neighborhood and features two units, each offering 2 bedrooms and 1 bathroom. Newberg is a great place to invest in a duplex. The town is home to George Fox University, bringing in many students and faculty looking for rentals. The area's growing population and stable economy mean there’s always a demand for housing. Plus, the natural beauty and wine country location make it an attractive place to live. Investing in a duplex here could be a smart move for steady rental income. Units have new breaker panels and either have or are wired for cadet heaters. Roof is only 5yrs old.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

1536

Built in 1972

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense:

$17,500

Exterior Features

Exterior Description:

T111Siding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

2.71

Gross Income:

$31,745

Gross Rent Multiplier:

16.54

Net Operating Income:

$14,245

Listing

Contract Status Change Date:

2024-08-24

Days On Market:

Last Transaction Date:

2024-08-24 21:44:52

List Price:

$525,000

Listing Contract Date:

2024-08-24

Listing Id:

24398811

Mls Status:

Active

Modification Timestamp:

2024-08-24 21:44:52

On Market Date:

2024-08-24

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_156

County Or Parish:

Yamhill

Lot

Features:

Level

Size Acres:

0.1

Size Range:

SqFt3000to4999

Size Square Feet:

4,356

Size:

3,000 to 4,999 SqFt

Parking

Features:

Attached

2 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

R-3

Roof

Roof:

Composition

Schools

High School:

Newberg

Middle Or Junior School:

Chehalem Valley

Elementary School:

Edwards

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$2,295

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,325

Area:

768

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,360

Area:

768

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$525,000 -

504 E 9th 10,12 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.