206 NE Johnson St, McMinnville, OR 97128

$899,900

Beds

Baths

0.15 ac

Property Size

1972

Year Built

About The Property

Turnkey Short Term Rental Triplex! Peak Season Begins in May – Buy today and host tomorrow! This is a rare opportunity to own a triplex with 3 fully furnished 2 bed/1 bath units, currently operating as successful short-term rentals.This income producing property features three single-level units, each offering 2 bedrooms and 1 bathroom, along with six off-street parking spaces. Every unit includes a private patio, in-unit washer and dryer, and new ductless heating and cooling systems for year-round comfort. All furniture, linens, kitchen supplies, and appliances are included, making this a truly turnkey investment ready for immediate operation. The low maintenance yard and exterior help keep ownership simple, while C3 zoning allows for a variety of uses. With peak season running May through October, the timing is ideal for capturing immediate STR income. Units A & C have demonstrated strong performance with 100+ five-star reviews. Unit B has only just been renovated and is now ready to rent. Recent updates include new heating and air conditioning systems, water heaters, appliances, and fresh interior paint, further enhancing the property’s value and ease of ownership. Inquire with your CPA about a potential tax advantage of a cost segregation study!

ARCHITECTURE

Stories: 1
Condition: Updated/Remodeled
Year Built: 1972
Roof Type: Composition
Foundation Details: Concrete Perimeter
Basement Details: Crawl Space

INTERIOR FEATURES

Heating Type: Ductless, Mini Split, Zoned
Fuel Type: Electricity
Interior SqFt: 1953

EXTERIOR FEATURES

Lot Features: Corner Lot, Level
Lot size (Acres): 0.15
Zoning: C-3
Water Source: Public Water
Sewer: Public Sewer

SCHOOLS

Elementary: Buel
High School: McMinnville
Middle: Patton

TAX & FINANCIAL

Annual Tax: $5356.38
Terms Considered: Cash, Conventional
Tax Year: 2025

LISTING INFO

Listing courtesy of Oregon First
Days On Market: 141

Map Location

Property Map

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

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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 - | 773357

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Erik Leland