Multi-Family for Sale: 250 LINCOLN ST, McMinnville, OR 97128

2,884 sqft
$644,000
$644,000
250 LINCOLN ST, McMinnville, OR 97128
2,884 sqft
$644,000
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Price:
$644,000
$5,000 - 08/21/2024

Type Multi-Family
Square Feet 2,884 sqft
Lot Size 0.16 acres
Year Built 1903
Taxes Paid $3,035

City Mc Minnville
Area 156 - Yamhill County including Willamina
County Yamhill
School District Mc Minnville

MLS 24696946
Status Active
DOM 134 days
Welcome to 250 SE Lincoln Street, a unique apartment complex in beautiful McMinnville, Oregon. A rare public offering of a five-unit apartment building, Lincoln Street Apartments presents an extraordinary opportunity to step into an established complex with strong in-place income (7.3% Cap Rate on current numbers) and proven upside. The property itself consists of five units, spread through one building, originally a primary home built in the early 1900's. While retaining much of its original character, the property has been extensively remodeled and updated throughout the years. Four units have recently been renovated and leased to market, with the remaining unit ripe for a cosmetic renovation and rents to be reset to market rates. The electrical service (including a new main panel and sub-panels) and water heaters (four new electric models) were recently installed. Each unit is billed separately for electric service. Owner pays sewer and water. The property is within just a few blocks from iconic 3rd St. and Linfield University, and is fairly close to schools and parks. Easy drive to McMinnville High School, grocery, retail, employment, and Highways 99 & 18. Square footage of each unit is approximate; buyer to verify. Shown with accepted offer only, please.

Room Features

Basement Description Exterior Entry, Unfinished, Partial Basement

Lot & Building Features

Heating Wall Heater
Parking Description Driveway, On Street
Sewer Public Sewer
Water Public Water
Water Heater Electricity, Tank

Community and Schools

Elementary School Buel
Junior High School Duniway
Senior High School Mc Minnville

Unit Features

Unit Type 1 Actual Rent 1375
Unit Type 1 Area 549
Unit Type 1 Baths 1.000
Unit Type 1 Baths Total 1
Unit Type 1 Beds Total 1
Unit Type 1 Features Range, Refrigerator
Unit Type 1 Units Total 1
Unit Type 2 Actual Rent 1100
Unit Type 2 Area 375
Unit Type 2 Baths 1.000
Unit Type 2 Baths Total 1
Unit Type 2 Features Range, Refrigerator
Unit Type 2 Units Total 1
Unit Type 3 Actual Rent 1230
Unit Type 3 Area 574
Unit Type 3 Baths 1.000
Unit Type 3 Baths Total 1
Unit Type 3 Beds Total 1
Unit Type 3 Features Range, Refrigerator
Unit Type 3 Units Total 1
Unit Type 4 Actual Rent 1216
Unit Type 4 Area 545
Unit Type 4 Baths 1.000
Unit Type 4 Baths Total 1
Unit Type 4 Beds Total 1
Unit Type 4 Features Range, Refrigerator
Unit Type 4 Units Total 1
Unit Type 5 Actual Rent 941
Unit Type 5 Area 436
Unit Type 5 Baths 1.000
Unit Type 5 Baths Total 1
Unit Type 5 Beds Total 1
Unit Type 5 Features Hardwood Floors, Refrigerator, Range
Unit Type 5 Units Total 1

Price History of 250 LINCOLN ST, McMinnville, OR

Date Name Price Difference
08/21/2024 Price Adjustment $644,000 0.77%
06/24/2024 Listing Price $649,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 250 LINCOLN ST, McMinnville, OR

Location Map Street View
Photo of Don Nunamaker, Realtors
Direct: 541-386-4400
Office
2495 Cascade Ave.
Hood River, OR 97031
541-386-4400
Listed by Vintage Realty Northwest, Kenneth Marshall & Ashley Lacer
$
20%
0.4713850931677%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

250 LINCOLN ST (MLS #24696946) is a multi-family listing located in McMinnville, OR. This multi-family listing is 2,884 sqft and on a lot of 6,969 sqft (or 0.16 acres) and is 121 years old. This property was listed on 06/24/2024 and has been priced for sale at $644,000.

Nearby zip codes are 97062, 97101, 97111, 97114 and 97127. This property neighbors other cities such as Amity, Carlton, Dayton, Lafayette and Tualatin.

RMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Vintage Realty Northwest

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS. of Portland, Oregon. Real estate listings held by brokerage firms other than Don Nunamaker, Realtors are marked with the RMLS. logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS., Portland, Oregon.