Bought with Slowik Real Estate LLC
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505 NW FENTON ST Mc Minnville, OR 97128
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Key Details
Sold Price $395,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 494455155
Sold Date 04/09/26
Year Built 1972
Annual Tax Amount $2,546
Property Description
Investor special with immediate cash flow! This rare two bedroom, one bathroom duplex opportunity features two detached homes on a single tax lot, offering the privacy of single-family residences with the income potential of a multi-family investment. Ideally located just blocks from the Public Library, City Park, and the shops and dining of Historic Downtown McMinnville, this property combines a prime walkable location with strong rental appeal. A great value-add or hold opportunity for investors seeking steady returns in a desirable area. Buyer to do own due diligence on the possibility of splitting the lot into 2x single family homes under Oregon's middle housing bill.No need to worry about capital expenses as the roof (2016) was recently replaced and the water heaters are in good condition. Renters on month-to-month.
Location
State OR
County Yamhill
Area _156
Zoning unknown
Interior
Heating Baseboard
Cooling None
Exterior
Roof Type Composition
Garage No
Building
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Newby
Middle Schools Duniway
High Schools Mcminnville
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
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NEARBY SCHOOLS & BUSINESSES
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