1552 E 3rd St, Newberg, OR 97132

$900,000

Beds

Baths

0.23 ac

Property Size

2006

Year Built

About The Property

Potential to make over $72,000 gross a year on these up to date modern townhomes. Historically low vacancy. Ask your broker for six years of profit and loss statements showing pride of ownership and consistent and stable increase in income. New roof 5 years ago. Two units under market rent, two closer to market. Newer Townhouse Style 2 Bedroom / 1.5 Bath: quiet 4-Plex (not apartment complex). $1450 + $85 flat rate for water, sewer, and garbage per month. ($1535 total) For each individual townhome it’s a spacious 930 Square Feet Half bath downstairs / full bath upstairs. Nice Grass Back Yard & Patio, secured storage room. Washer/Dryer in Units. High efficiency individual room heat. Spacious Living Room and Kitchen Area. Newer flooring in kitchen and living room. Each unit has two off street car parking spaces. Quiet neighborhood and street. Close to George Fox & PCC colleges. Doorsteps to wineries & wine country. Close to shopping & restaurants. All leases month to month and will be provided with an acceptable offer. DO NOT DRIVE ON PROPERTY. DO NOT DISTURB TENANTS.

ARCHITECTURE

Stories: 2
Condition: Approximately
Year Built: 2006
Roof Type: Composition
Foundation Details: Concrete Perimeter

INTERIOR FEATURES

Heating Type: Zoned
Fuel Type: Electricity
Interior SqFt: 3728

EXTERIOR FEATURES

Lot Features: Level
Lot size (Acres): 0.23
Zoning: Multi
Water Source: Public Water
Sewer: Public Sewer

SCHOOLS

Elementary: Edwards
High School: Newberg
Middle: Mountain View

TAX & FINANCIAL

Annual Tax: $6575.33
Terms Considered: Cash, Conventional
Tax Year: 2025

LISTING INFO

Listing courtesy of Premiere Property Group, LLC
Days On Market: 64

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Erik Leland

Luxury Property Advisor | OR License 201225800
Member of: National Association of REALTORS® (NAR)

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Property ID - | 705009

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Erik Leland