$ 756,000
-
$756,000
Price -
5
Bed -
3
Bath -
3,971
SqFt
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About the Listing CBPG10 - MCGHEHEY
Location, Location, Location - with Built-In Income Potential and Flexible Multi-Generational Living. This rare McMinnville property offers three separate living spaces and a unique opportunity to offset your mortgage while enjoying a spacious and character-filled home. The detached 660 sq ft cottage is currently rented below market and presents immediate upside as it becomes available soon. The lower-level suite provides additional income with an existing tenant in place, offering built-in cash flow from day one and a clear path for future rent growth. The main home welcomes you with a generous and flexible layout, featuring a main-level bedroom, den, and expansive living and dining areas with a cozy fireplace. The eclectic kitchen adds charm, while the main-level bath includes a relaxing steam shower/tub combo. Upstairs, you’ll find two large bedrooms, an additional smaller room, loft space, and a full bathroom ideal for a variety of living arrangements. The basement level functions as a separate living space, complete with its own kitchen, bath, fireplace, studio and storage area perfect for extended living, guests, or supplemental income. Whether you're looking to live in one space and rent the others, accommodate multi-generational living, or gradually increase rental income over time, this property offers a rare combination of lifestyle flexibility and long-term financial opportunity. Recent updates include a new roof, new windows, refreshed exterior paint, and a stunning oversized deck. Set on a beautifully landscaped .28-acre lot with winding paths, mature trees, and peaceful outdoor spaces, the setting feels like a private retreat just minutes from everything McMinnville has to offer. Seller is the Estate of Derek Goad; listing agent is related. Buyer to perform due diligence on all aspects of the property including rental uses and income potential.
Listing Highlights
Status
Active
Days on Site
7
Property Type
Residential
MLS ®
597861007
Year Built
1950
Total Square Footage
3,971
Lot/Acreage
0.28
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances: Disposal, Free-Standing Gas Range, Free-Standing Refrigerator, Range Hood, Tile
- Air Cond:
- Heating: Baseboard,GasStove,Radiant
- Fireplaces: 2, Gas,Wood Burning
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Separate Living Quarters/Apartment/Aux Living Unit,Storage Space
- Other: 3rd Floor,AccessoryDwellingUnit,Hardwood Floors,Separate Living Quarters/Apartment/Aux Living Unit,Washer/Dryer,Master on Main
- Water: Public Water
Exterior Details
- Lot Description: Gentle Sloping
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof: Composition,Metal
- Others: AccessoryDwellingUnit,Deck,Porch,Yard,Resale
- Sewer: Public Sewer
- Parking Features: Carport,Driveway
Financial Details
- Tax Amount: $5,165
- Taxes w/Assessments: N/A
- Tax/Property ID: 149486
- Tax Year: N/A
Payment Calculator
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Questions About..
540 NW 9th St McMinnville, OR 97128
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