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About the Listing PPGR04 - JENPATTI
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 Highlights for 814 E 4th St
Status
Active
Days on Site
20
Property Type
Multi-Family
MLS ®
582276180
Year Built
1895
Total Square Footage
2,603
Lot/Acreage
0.22
Interior Details
- Bedrooms: 4
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Wall Unit(s)
- Heating: WallHeater
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Corner Lot,Level
- Garage Capacity: N/A
- Zoning: R2
- Roof: Composition
- Others: Updated/Remodeled
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $2,706
- Taxes w/Assessments: N/A
- Tax/Property ID: 52917
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
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Listing Location
Questions About..
814 E 4th St Newberg, OR 97132
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