$1,375,000

507 Ne DAVIS St, Mc Minnville, OR 97128

  • 5,350 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon7,841sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $257/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Prime Investment Opportunity in the Heart of Historic McMinnville! Located just steps from McMinnville’s charming downtown, this beautifully updated multi-unit property offers the perfect blend of historic character, modern upgrades, and strong income potential. Walk score of 92. With unbeatable proximity to restaurants, shops, tasting rooms, and local attractions, this is truly a gem in one of Oregon’s most vibrant communities. The property features five uniquely designed apartments, two of which are successful short-term rentals with a proven track record of income. Each unit showcases custom finishes, stylish wallpaper, fresh paint, updated window coverings, and newly renovated kitchens and bathrooms in four of the units. Comfort is key with new ductless heat pumps installed throughout. The basement offers potential—currently set up as a shared common space with a kitchen, it could easily be transformed into private storage lockers for tenants or wine lockers for guests. Additional perks include updated wiring for an EV charging station, appealing to tenants and travelers alike. Whether you're looking to expand your investment portfolio or step into a thriving short-term rental market, this property offers location, charm, and versatility all in one.

Listing Status:
Active
Date Added:
October 6, 2025 at 05:00AM
Listing Office:
Bella Casa Real Estate Group : 503-437-9005
Listing Agent:
Brielle Houston : 971-241-9647
MLS ID:
262186389
  • Basement: FinishedSeparate living quarters apartment aux living unitStorage space
  • A/C: Heat pump
  • Heating: DuctlessMini splitWall heater
  • Eco/Green Feature: Mini split
  • General: BrickWood siding
  • Parking: DrivewayOff streetParking spaces: 5
  • Roofing: Composition
  • General: Concrete perimeter
  • Road/Access: Paved
  • Golf: All landscapingLaundry
  • Originating MLS: Regional Multiple Listing ServiceInc.
  • County: Yamhill
  • Zoning: C-3PT LOTS 1 2 & 4 - BLOCK 1 IN COURT ADDITION159580
  • View: View
  • Water: Public water
  • Sewer: Public sewer
  • Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Brielle Houston, Bella Casa Real Estate Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Memorial Elementary School

501 NW 14th St, McMinnville, OR, 97128

Grades KG-5

0.58 miles away

P

Patton Middle School

1175 NE 19th St, McMinnville, OR, 97128

Grades 6-8

0.90 miles away

M

McMinnville High School

615 NE 15th St, McMinnville, OR, 97128

Grades 9-12

0.55 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.