507 NE DAVIS ST, McMinnville, OR 97128
- $1,290,000
- 5,350
- SqFt
- List Price
- $1,290,000
- Price Change
- ▼ $40,000 1776915978
- Days on Market
- 299
- MLS#
- 262186389
- Property Type
- Multifamily
- Sqft. of Residence
- 5,350
- Lot Size
- 7, 000 to 9, 999 SqFt
- Region
- Yamhill County including Willamina
- Status
- ACTIVE
Property Description
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.
/u.realgeeks.media/smiragroup/logo-icon-lg.png){kind=icon}
Additional Information
- Tax Amount
- $4,054
- Year Built
- 1940
- High School
- McMinnville
- Elementary School
- Memorial
- Middle School
- Patton
- Acres
- 0.18
- Living Area
- 5,350
- Stories
- 2
- Terms
- Cash, Conventional
- Cooling Description
- Heat Pump
- Fuel Description
- Gas
- Heating Description
- Ductless, Mini Split, Wall Heater
- Hoa Rent Includes
- Electricity, Gas, Heat, Maintenance Grounds, Trash Collection, Water
- Hot Water Description
- Gas
- Exterior Description
- Brick, Wood Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- View
- City
- Parking
- Driveway, Off Street
- Security Or Entry
- Entry, Fire Sprinkler System
- Parking Description
- Driveway, Off Street
- Road Surface
- Paved
- Number Of Units Total
- 5
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1750
- Unit Type One Sq Ft
- 785
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 2600
- Unit Type Three Sq Ft
- 785
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 2
- Unit Type Four Beds Total
- 1
- Unit Type Four Rent
- 2750
- Unit Type Four Sq Ft
- 785
- Unit Type Four Units Total
- 1
- Unit Type Five Rent
- 1700
- Unit Type Five Sq Ft
- 765
- Unit Type Five Units Total
- 1
Mortgage Calculator
Listing courtesy of Bella Casa Real Estate Group.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.