$ 1,375,000
-
$1,375,000
Price -
9
Bed -
6
Bath -
5,350
SqFt
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About the Listing BCRE01 - BHOUSTON
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 Highlights for 507 NE Davis St
Status
Active
Days on Site
16
Property Type
Multi-Family
MLS ®
262186389
Year Built
1940
Total Square Footage
5,350
Lot/Acreage
0.18
Interior Details
- Bedrooms: 9
- Bathrooms: 6 Full
- Appliances:
- Air Cond: Heat Pump
- Heating: Ductless,Mini Split,WallHeater
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Separate Living Quarters/Apartment/Aux Living Unit,Storage Space
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Corner Lot,Level
- Garage Capacity: N/A
- Parking Spaces: 5
- Zoning: C-3
- Roof: Composition
- Others: Updated/Remodeled
- Sewer: Public Sewer
- Parking Features: Driveway,Off Street
Financial Details
- Tax Amount: $3,843
- Taxes w/Assessments: N/A
- Tax/Property ID: 159580
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
507 NE Davis St McMinnville, OR 97128
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