Listing provided courtesy of Premiere Property Group, LLC- MLS# 460648136
Images
Request Info1552 E 3RD STNewberg, OR 97132
Multi-Family · 3,728 Sq. ft. | 0.23 Acres$950,000
Active
1552 E 3RD ST Overview
- Time on Site:
- 53 days
- Visits:
- 5
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.
Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map
1552 E 3RD ST Facts & Features
- Type Multi-Family
- Sq. ft. 3,728
- Price/Sq.ft. $255
- Lot 0.23 Acres
Details
General
School Information
- Elementary School: Edwards
- Middle Or Junior School: Mountain View
- High School: Newberg
Income/Expenses
- Gross Income: 61045.0
- Gross Scheduled Income: 72000.0
- Net Operating Income: 32622.0
- Operating Expense: 18833.0
Building Information
- Year Built: 2006
Location/Region
- Country: US
- County Or Parish: Yamhill
- MLS Area Major: 156 - Yamhill County including Willamina
Rent/Lease Information
- Rent Includes: Cable TV,Electricity,Heat
Tax Information
- Tax Annual Amount: 6575.33
- Tax Year: 2025
General Information
- Listing Terms: Cash,Conventional
- Parcel Number: 60285
- Property Condition: Approximately
- Property Type: Multi Family
- Zoning: Multi
Interior
Building Interior
- Building Area Total: 3728.0
General Information
- Basement: None
- Foundation Details: Concrete Perimeter
- Heating: Zoned
- Stories: 2
Exterior
Parking Information
- Parking Features: Driveway,Open
- Parking Total: 8.0
Lot Information
- Lot Features: Level
- Lot Size Acres: 0.23
- Lot Size Square Feet: 10018.0
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Roof: Composition
General Information
- Number Of Units Total: 4
- Sewer: Public Sewer
1552 E 3RD ST Neighborhood
Community
97132 (Newberg) Demographics
36
Median Age
475
Population Density (per sq. mile)
46%
College Educated
$80,541
Estimated Median Income
7,217
Estimated Total Home Owners
3,385
Estimated Total Renters
68% / 32%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1552 E 3RD ST Monthly Cost
1552 E 3RD ST Market Data
Based on the last 30 days in this zip code
$1,050,220
Average List Price
$445
Average Price per Square Foot
42
Properties Sold
113
Average Days on Market
160
Properties for Sale
1552 E 3RD ST History
| Date | Value | Agent |
|---|---|---|
| 6/6/2026Source: Regional MLS | $950,000 -5.0% |
|
| 5/7/2026Source: Regional MLS | May 07, 2026 |