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507 Ne Davis St, McMinnville, OR 97128

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For Sale

$1,375,000

5,350 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $257.01
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Prime Investment Opportunity in the Heart of Historic McMinnville! Located just steps from McMinnville s charming downtown, this beautifully updated multi-unit property offers the perfect blend of historic character, modern upgrades, and strong income potential. Walk score of 92. With unbeatable proximity to restaurants, shops, tasting rooms, and local attractions, this is truly a gem in one of Oregon s most vibrant communities. The property features five uniquely designed apartments, two of which are successful short-term rentals with a proven track record of income. Each unit showcases custom finishes, stylish wallpaper, fresh paint, updated window coverings, and newly renovated kitchens and bathrooms in four of the units. Comfort is key with new ductless heat pumps installed throughout. The basement offers potential currently set up as a shared common space with a kitchen, it could easily be transformed into private storage lockers for tenants or wine lockers for guests. Additional perks include updated wiring for an EV charging station, appealing to tenants and travelers alike. Whether you're looking to expand your investment portfolio or step into a thriving short-term rental market, this property offers location, charm, and versatility all in one.
MLS# 262186389

Courtesy Of Bella Casa Real Estate Group

(503) 437-9005

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick, Wood Siding
  • Lot Size
    0.18 Acres
  • Rooms
    Basement
  • View Type
    City

Map and Directions

Directions to 507 Ne Davis St, McMinnville, OR 97128

Home seller CENTURY 21 Northstar

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Northstar

(503) 297-1014
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.