MLS# 24572480 – 504 E 9th 13,15 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.

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:

$27,755

Exterior Features

Exterior Description:

WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

1.09

Gross Income:

$33,580

Gross Rent Multiplier:

15.93

Net Operating Income:

$5,825

Listing

Contract Status Change Date:

2024-08-24

Days On Market:

Last Transaction Date:

2024-08-24 21:42:41

List Price:

$535,000

Listing Contract Date:

2024-08-24

Listing Id:

24572480

Mls Status:

Active

Modification Timestamp:

2024-08-24 21:42:41

On Market Date:

2024-08-24

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_156

County Or Parish:

Yamhill

Lot

Features:

CornerLot

Size Acres:

0.11

Size Range:

SqFt3000to4999

Size Square Feet:

4,791

Size:

3,000 to 4,999 SqFt

Parking

Features:

Attached,Driveway

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:

$1,500

Area:

768

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,445

Area:

768

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Gas

Water Source:

PublicWater

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Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$535,000 -

504 E 9th 13,15 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.