801 E SHERIDAN ST, Newberg, OR 97132

$750,000

Listing courtesy of Metro Group Realty.

List Price
$750,000
Days on Market
65
MLS#
22051125
Property Type
Multifamily
Lot Size
5, 000 to 6, 999 SqFt
Region
Yamhill County including Willamina
City
Newberg
Status
Active

Property Description

This is a well maintained tri plex in the best part of Newberg. Located in the heart of Oregon Wine Country this property is one block from George Fox University and two blocks from 99W.Built in 1904 this property has 3 two bedroom apartments each with their own and washer and dryer. Three seperate electric meters. There is also a two car garage with a unfinished upstairs that is framed & plumbed that could be easily finished and made into a fourth unit(buyer to verify with City)

Additional Information

Tax Amount
$3,232
Year Built
1904
High School
Newberg
Elementary School
Joan Austin
Middle School
Mountain View
Terms
Cash, Conventional
Cooling Description
Central Air
Fuel Description
Electricity
Heating Description
Forced Air
Hot Water Description
Gas
Exterior Description
Wood Composite
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public Water
Sq Ft Approximate Building Total
2728
Capitalization Rate
5.47
Operating Expenses Actual
8500
Gross Income Actual
49560
Gross Rent Multiplier
15.13
Net Income Actual
41060
Covenants/Restrictions
No
Road Surface
Paved
Number Of Units Total
3
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1350
Unit Type One Sq Ft
800
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Rent
1285
Unit Type Two Sq Ft
750
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
2
Unit Type Three Rent
1495
Unit Type Three Sq Ft
1200
Unit Type Three Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2022 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.