1. Oregon
  2. Newberg
  3. 607 W 1ST St
$1,199,990

607 W 1ST St, Newberg, OR 97132

  • 3,426 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1998
  • Property Lot Size Icon0.26acre lot
  • Property Parking Icon 3 car garage
  • Property Price Per Square Feet Icon $350/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

If you have always wanted to own an investment property, but found there was always too much to fix up or repair to bring in great revenue? Well this triplex is one that will save you all the trouble and expense. It has been extensively remodeled in 2020/2021 and has a consistent rental history. Designed with ease of maintenance, all the major work has been done. No need to use your money to fix it up. Gross receipts of nearly 80K/year and low expenses make for lucrative passive income. All units are on renewed 12 month leases at great market rates with some room for increases. New or newer - LVP Floors, carpets, roof, TREX decking/steps, appliances, granite, light fixtures, plumbing fixtures, and so much more. Each unit offers affordable central HVAC and indoor washer/dryer hook-up. The updated look of each unit makes them very easy to rent at market rate and stay rented. Landlord only pays water/sewer with low cost internet paid for Unit 3 because of a security camera and light. That unit has also been an owner's unit and comes with upgraded appliances/HVAC/Air Cleaner. Please do not drive onto property or disturb the tenants. There is no sign on the property. Write offers subject to interior walk-thru upon approved offer with verified funds or loan approval letter. Buyer to verify schools. No Seller Carry.

Listing Status:
Active
Date Added:
May 22, 2025 at 05:00AM
Listing Office:
Burright Realty Group LLC : 503-307-8355
Listing Agent:
Debbi S D Burright : 503-307-8355
MLS ID:
216501468
  • Basement: Crawl space
  • A/C: Central air
  • Heating: Forced airForced air 90

This listing courtesy of Debbi S D Burright, Burright Realty Group LLC

Monthly Payment

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

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Location

Schools Nearby

E

Edwards Elementary School

715 E 8th St, Newberg, OR, 97132

Grades KG-5

0.76 miles away

C

Chehalem Valley Middle School

403 W Foothills Dr, Newberg, OR, 97132

Grades 6-8

1.70 miles away

N

Newberg High School

2400 E Douglas Ave, Newberg, OR, 97132

Grades 9-12

1.65 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.