204 S MERIDIAN ST Newberg, OR97132

$995,000
8 total units
20 total bedrooms
8 total bathrooms
$93,912 annual income
Capitilization Rate: 6.13
5090 total sq. ft
7,000 to 9,999 SqFt
Elementary School: Edwards
Middle School: Mountain View
High School: Newberg
Zoning: MS
1325 days on market

VestorFilter™

Price per unit$124.4K/unit
Price per ft²$195.48/ft²
Price per acre$6.05M/ac
Price per bedroom$49.8K/bed
Time on market1325 days

Property Description

A Great Opportunity Zone 8-Plex Investment in Downtown Newberg with 100% occupancy. The ideal location and unit mix will be easy to rent for years to come. This type of asset provides a profitable, yet affordable housing stock to the most robust demographics in terms of overall demand. Make offers subject to interior inspection. Coin-op washer/dryer for additional income. Property Zoned Commercial for future development potential. Do Not Disturb Tenants.

{{ compliance-logo }}Listing Provided By eXp Realty, LLC

Financial Data

Date Sold2020-11-05
Sold Price$995,000
Original Price$1,050,000
Current Price$995,000
Property Taxes$4,127

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Home Facts

StatusSold
Year Built1903
Stories2
Exterior Features
MLS ID20091530

Unit Details

Unit 1
Unit 2
Unit 3
Unit 4
Unit 5
Unit 6
Unit 7
Unit 8