#24525063, Linda Cox, Listing office: Coldwell Banker Professional
Address not disclosed - MLS#216501468 Newberg, OR 97132
Property details
About This Home
BRING YOUR OFFER - If you have always wanted to own an investment property, but found there was always too much to fix up or repair to bring in great revenue? Well this triplex is one that will save you all the trouble and expense. It has been extensively remodeled in 2020/2021 and has a consistent rental history. Designed with ease of maintenance, all the major work has been done. No need to use your money to fix it up. Gross receipts of nearly 80K/year and low expenses make for lucrative passive income. All units are on renewed 12 month leases at great market rates with some room for increases. New or newer - LVP Floors, carpets, roof, TREX decking/steps, appliances, granite, light fixtures, plumbing fixtures, and so much more. Each unit offers affordable central HVAC and indoor washer/dryer hook-up. The updated look of each unit makes them very easy to rent at market rate and stay rented. Landlord only pays water/sewer with low cost internet paid for Unit 3 because of a security camera and light. That unit has also been an owner's unit and comes with upgraded appliances/HVAC/Air Cleaner. Please do not drive onto property or disturb the tenants. There is no sign on the property. Write offers subject to interior walk-thru upon approved offer with verified funds or loan approval letter. Buyer to verify schools. No Seller Carry.
Highlights
Max: $1,299,990
Summary
- Garage Space: 3 spaces
- Attached Garage: No
- Parking: Assigned
- Heating: Forced Air
- Cooling: Central Air
- List Price: $1,299,990
- Price/SqFt: $379
- Lot: Flag Lot, Private
- Year Built: 1998
- Stories: 2
- Living Area: 3,426 SqFt
- Lot Size: 0.26 Acres
- MLS Number: 216501468
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Burright Realty Group LLC
- Office Email: Debbi@BurrightRealtyGroup.com
- Listing Agent: Debbi S D Burright
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Last updated on: 6/13/2025, 5:44:07 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,299,990
Address not disclosed
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
4
Edwards Elementary School
Public District KG-5
0.7 mi
•715 E 8th St
6
Joan Austin Elementary School
Public District KG-5
1.4 mi
•2200 N Center St
8
Antonia Crater Elementary School
Public District KG-5
1.8 mi
•203 W Foothills Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $71,250. The majority of Newberg, OR residents have income between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
Similar homes for sale
This 3,426 square foot home, which was built in 1998, sits on a 0.26 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since May 23, 2025 and is currently priced at $1,299,990.
In May 2025 more than 10 listings in Newberg, OR were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 11 were sold below. The number of homes for sale in Newberg, OR increased by 10.9% between April and May 2025. While the average time on the market in May 2025 was 62 days, the median list price was $506,500.