Open Sun, Oct 19th, 2PM to 4PM

$1375000

9 Bed
5 Bath
5350 SqFt
1 DOM
Built: 1940
Status: Active
Open House

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Krishna Regupathy

Principal Broker

(503) 893-8874

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.

Listing Provided Courtesy of Brielle Houston, Bella Casa Real Estate Group

General Information

MLS #262186389
Type
Days on Market 1 DOM
Beds9
Lot Size 7840.8 SqFt
Baths5
SqFt5350
Year built1940
ZoningC-3
CountyYamhill
Tax ID159580
ElemMemorial 6/10
MiddlePatton 4/10
HighMcMinnville
PropCategoryMultiFamily
PropType
Neighborhood (Legal)PT LOTS 1 2 & 4 - BLOCK 1 IN COURT ADDITION

Listing Provided Courtesy of Brielle Houston, Bella Casa Real Estate Group

Krishna Realty data last checked: Oct 07, 2025 11:12 | Listing last modified Oct 07, 2025 11:04, Source:

Open House

Open DateSun, Oct 19th, 2PM to 4PM

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Residence Information

Upper SqFt
Main SqFt
Lower SqFt
Total SqFt5350
SFSrc
TotUp/Mn
Fireplaces
Bdrms9
Full Bath
Partial Bath
Total Bath5
RoofComposition
Garage
Style
ParkingDriveway,OffStreet
Levels2
Year Built1940
Green CertNo
Energy EffMiniSplit
ExteriorBrick, WoodSiding
Bsmt/FndFinished,SeparateLivingQuartersApartmentAuxLivingUnit,StorageSpace
RV
URM
BasementFinished,SeparateLiv
FoundationConcretePerimeter
Windows
Amenities

Features and Utilities

Living
Kitchen
Interior
Exterior
Accessibility
CoolHeatPump
WaterGas
HeatDuctless, MiniSplit, WallHeater
SewerPublicSewer
Hot WaterGas
FuelGas

Financial

PTax/Yr3842.74
HOA
HOA InclElectricity,Gas,Heat,MaintenanceGrounds,TrashColle
HOA Fee
Other Dues
Terms ConsideredCash,Conventional
List Date10-06-2025
Rent (If Rented)
Bank Owned/REONo
Short SaleNo

Comparable Information

Pending Date
DOM 1
CDOM 1
Sold Date
TermsCash,Conventional
Original Price$1,375,000
List Price$1,375,000
Sold Price
Last ModifiedOct 07, 2025 11:04

Schools

public Elementary : Memorial 6/10 Ratings

public Middle : Patton 4/10 Ratings

private High : McMinnville N/A Ratings

Map

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 © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Krishna Realty data last checked: Oct 07, 2025 11:12 | Listing last modified Oct 07, 2025 11:04. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

507 NE DAVIS ST

$1,375,000