$874998
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4 Bed
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3 Bath
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2603 SqFt
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4 DOM
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Built: 1895
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Status: Active
Love this home?
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 Provided Courtesy of Patti Jensen, Premiere Property Group, LLC
General Information
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582276180
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4 DOM
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4
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9583.2 SqFt
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3
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2603
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1895
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R2
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Yamhill
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52917
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Edwards
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Mountain View
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Newberg
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MultiFamily
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N 97' LOTS 1-4 OF BLOCK 25 IN EDWARDS ADDITION
Listing Provided Courtesy of Patti Jensen, Premiere Property Group, LLC
PDXA1 Realty Group data last checked: Oct 22, 2025 13:57 | Listing last modified Oct 05, 2025 11:54,
Source:
Residence Information
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-
-
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2603
-
-
-
-
4
-
-
-
3
-
Composition
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-
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OnStreet
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2
-
1895
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No
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WoodSiding
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-
-
-
-
-
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Features and Utilities
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-
-
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-
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WallUnit
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WallHeater
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PublicSewer
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Electricity
Financial
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2706.08
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Sewer,TrashCollection,Water
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-
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Cash,Conventional
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10-01-2025
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No
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No
Comparable Information
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4
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21
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Cash,Conventional
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$874,998
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$874,998
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Oct 05, 2025 11:54
Schools
Map
Listing courtesy of Premiere Property Group, LLC.
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.
PDXA1 Realty Group data last checked: Oct 22, 2025 13:57 | Listing last modified Oct 05, 2025 11:54.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
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