Multi-Family for Sale: 1558 3RD ST, Newberg, OR 97132

$2,795,000
$2,795,000
1558 3RD ST, Newberg, OR 97132
$2,795,000
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Price:
$2,795,000
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Type Multi-Family
Lot Size 0.69 acres
Year Built 1970
Taxes Paid $11,253
City Newberg
Area 156 - Yamhill County including Willamina
County Yamhill
MLS 24507209
Status Active
DOM 59 days
Assumable financing available for a qualified buyer! Fixed rate of 3.37% through May of 2026! Strong occupancy history with upside in rents based on most recent highest achieved of $2,025! A 6.01% cap rate on actuals and 7.94% on pro forma. The Garden Court Apartments were built in 1970 and are comprised of 12 three-bedroom one-and-a-half bath townhouse-style apartments. At 1,100 square feet, the spacious layouts consist of an open floorplan, modern kitchen amenities, washer dryer hook ups, and private fenced in patios. Three buildings, with wood-framed construction and pitched composition shingle roofs make up the complex. All units have vinyl windows and sliders. Ample parking with one covered parking spot and one uncovered parking spot per unit. All three buildings received new exterior paint, gutters and roofs in 2020.

Room Features

Basement Description Crawl Space

Lot & Building Features

Heating Zoned
Parking Description Carport, Open
Sewer Public Sewer
Water Public Water
Water Heater Electricity

Community and Schools

Junior High School Mountain View

Unit Features

Unit Type 1 Actual Rent 2025
Unit Type 1 Area 1100
Unit Type 1 Baths Total 2
Unit Type 1 Beds Total 3
Unit Type 1 Features Dishwasher, Washer/Dryer Hookup, Refrigerator, Range
Unit Type 1 Units Total 12

Price History of 1558 3RD ST, Newberg, OR

Date Name Price Difference
09/19/2024 Listing Price $2,795,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 1558 3RD ST, Newberg, OR

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Photo of Don Nunamaker, Realtors
Direct: 541-386-4400
Office
2495 Cascade Ave.
Hood River, OR 97031
541-386-4400
Listed by GA Cooke Real Estate Services, Glenna Cooke
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0.40264078711986%
6.75%
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1558 3RD ST (MLS #24507209) is a multi-family listing located in Newberg, OR. This multi-family listing is on a lot of 30,056 sqft (or 0.69 acres) and is 54 years old. This property was listed on 09/19/2024 and has been priced for sale at $2,795,000.

Nearby zip codes are 97070, 97114, 97115, 97123 and 97140. This property neighbors other cities such as Dayton, Dundee, Hillsboro, Sherwood and Wilsonville.

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: GA Cooke Real Estate Services

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.