814 E 4TH ST new Save Request In-Person Tour Request Virtual Tour
Newberg,OR 97132
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,603 sqft
Price per Sqft $336
MLS Listing ID 582276180
Year Built 1895
Annual Tax Amount $2,706
Tax Year 2024
Lot Size 9,583 Sqft
Property Description
Attention Investors! This dialed-in triplex offers the perfect blend of modern upgrades, strong rental appeal, and long-term development potential. Each unit has been completely refreshed with new surfaces, appliances, and systems, plus a new roof and windows, delivering true move-in ready condition and peace of mind for years to come. Situated on an oversized corner lot, this property offers enhanced curb appeal, added privacy, and flexible future use. The City of Newberg has already approved this lot for dividing. Ask about estimated costs to pursue development and maximize this property's full potential. Current YTD financials reflect periods of vacancy during renovations and also include owner-paid electrical expenses prior to meter installation; tenants now pay their own electricity. With all three units rented on one-year leases, investors can step right into a stable income stream while positioning for even stronger returns. The property itself has a charming farmhouse style that fits seamlessly with the region's relaxed character and local wine country vibe.This triplex offers a huge, fully fenced shared yard space.Just blocks from Downtown Newberg, with its thriving restaurants, coffee shops, and boutique shopping.Close proximity to George Fox University and Linfield University; ensuring a consistent rental demand from faculty, staff, and students.Nestled in the heart of Oregon's wine country, attracting both long-term residents and those who want to live in one of the Willamette Valley's most desirable small towns.This property checks every box for investors seeking turnkey stability with growth potential: fully renovated units, strong rental demand, and city-approved development options.Offers subject to interior inspections. Buyers to perform their own due diligence and verify all financials, land use statutes, development potential, and any other information to their satisfaction.
Location
State OR
County Yamhill
Area _156
Zoning R2
Interior
Heating Wall Heater
Cooling Wall Unit
Exterior
Roof Type Composition
Building
Lot Description Corner Lot, Level
Story 2
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Edwards
Middle Schools Mountain View
High Schools Newberg
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional