421 S COLLEGE ST Newberg, OR97132
$536,000
4 total units
8 total bedrooms
6 total bathrooms
$39,630 annual income
Capitilization Rate: 3.87
2576 total sq. ft
7,000 to 9,999 SqFt
Elementary School: Edwards
Middle School: Mountain View
High School: Newberg
Zoning: R2
1337 days on market
VestorFilter™
Price per unit$134K/unit
Price per ft²$208.07/ft²
Price per acre$3.26M/ac
Price per bedroom$67K/bed
Time on market1337 days
Property Description
Rare opportunity to acquire a charming 4plex in a revitalized Newberg neighborhood. Minutes to Parks, shops and George Fox Univ. Well maintained and 100% occupied with long term tenants in place & room for the rents to grow. Tenants pay Gas bill. Recent improvements include new flooring and fresh paint in unit 3. New roof and exterior paint were done in 2019. Grow revenue thru storage & laundry on-site. Below market rents. Owner-occupied opportunity. See also MLS 20238305
{{ compliance-logo }}Listing Provided By eXp Realty, LLC
Financial Data
Date Sold2020-10-16
Sold Price$536,000
Original Price$549,000
Current Price$536,000
Property Taxes$3,274
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Home Facts
StatusSold
Year Built1903
Green/Energy SupplementNo
Exterior Features
MLS ID20690010
Unit Details
Unit 1
Unit 2
Unit 3
Unit 4