814 E 4TH St, Newberg, OR 97132

• 2,603 sqft

Property Description

Attention Investors! This dialed-in triplex offers the perfect blend of modern upgrades, strong rental appeal, and long-term development potential. Each unit has been completely refreshed with new surfaces, appliances, and systems, plus a new roof and windows, delivering true move-in ready condition and peace of mind for years to come. Situated on an oversized corner lot, this property offers enhanced curb appeal, added privacy, and flexible future use. The City of Newberg has already approved this lot for dividing. Ask about estimated costs to pursue development. AirBnB/STR's are allowed in Newberg, permit is needed. Even more income potential this route! Current YTD financials reflect periods of vacancy during renovations and also include owner-paid electrical expenses prior to meter installation; tenants now pay their own electricity. With all three units rented on one-year leases, investors can step right into a stable income stream while positioning for even stronger returns. The property itself has a charming farmhouse style that fits seamlessly with the region’s relaxed character and local wine country vibe.This triplex offers a huge, fully fenced shared yard space.Just blocks from Downtown Newberg, with its thriving restaurants, coffee shops, and boutique shopping.Close proximity to George Fox University and Linfield University; ensuring a consistent rental demand from faculty, staff, and students. Nestled in the heart of Oregon’s wine country, attracting both long-term residents and those who want to live in one of the Willamette Valley’s most desirable small towns.This property checks every box for investors seeking turnkey stability with growth potential: fully renovated units, strong rental demand, and city-approved development options.Offers subject to interior inspections. Buyers to perform their own due diligence and verify all financials, land use statutes, development potential, and any other information to their satisfaction.

Listing Status:

Active

Date Added:

October 1, 2025 at 05:00AM

Listing Office:

Premiere Property Group, LLC : 503-670-9000

Listing Agent:

Patti Jensen : 503-419-7338

MLS ID:

582276180

Interior

• A/C: Wall unit
• Heating: Wall heater

Exterior

• General: Wood siding
• Parking: On street

Construction

• Roofing: Composition

Location

• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Yamhill

Lot

• Zoning: R2N 97' LOTS 1-4 OF BLOCK 25 IN EDWARDS ADDITION52917

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Patti Jensen, Premiere Property Group, LLC