This duplex offers a 3 bed, 2 bath unit, and a 2 bed, 1 bath unit. Current owner has enjoyed long-term tenants who have treated property extremely well. Within the past year, Unit B (smaller unit) has fresh interior paint, new appliances, carpet and lights, among other small updates. Laundry hook-ups are in the garage on both units. Great potential to live in one unit, and rent out the other. Contact Listing Agent for rental income specifics. Buyer to do due diligence regarding tenant laws.
Off market
Zestimate®
$540,200
524 E Michelle Ct, Newberg, OR 97132
5beds
3baths
2,336sqft
MultiFamily
Built in 1993
-- sqft lot
$540,200 Zestimate®
$231/sqft
$2,400 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced air, Electric
Appliances
- Included: Dishwasher, Range / Oven
- Laundry: Washer/Dryer Hookup
Features
- Storage
- Windows: Window Coverings
- Basement: Crawl Space
Interior area
- Total interior livable area: 2,336 sqft
Property
Parking
- Parking features: Garage - Attached
Features
- Exterior features: Wood
Lot
- Features: Level, Cul-de-Sac
Details
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Existing
- Year built: 1993
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Cable Connected
Community & neighborhood
Location
- Region: Newberg
HOA & financial
Other financial information
- Total actual rent: 950
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- FoundationDetails: Concrete Perimeter
- Heating: Forced Air
- RoadSurfaceType: Paved
- Zoning: R2
- Appliances: Dishwasher, Electric Water Heater, Range
- GarageYN: true
- AttachedGarageYN: true
- HeatingYN: true
- NumberOfUnitsTotal: 2
- Utilities: Electricity Connected, Cable Connected
- ConstructionMaterials: Wood Siding
- Roof: Composition
- LotFeatures: Level, Cul-de-Sac
- LeaseTerm: Month To Month
- Basement: Crawl Space
- FarmLandAreaUnits: Square Feet
- ParkingFeatures: Storage, Attached, Paved
- WindowFeatures: Window Coverings
- GrossIncome: 21600
- NetOperatingIncome: 17000
- InteriorFeatures: Storage
- TotalActualRent: 950
- CapRate: 4.05
- GrossScheduledIncome: 31200
- OperatingExpense: 4600
- LaundryFeatures: Washer/Dryer Hookup
- PropertyCondition: Existing
- MlsStatus: Pending
- TaxAnnualAmount: 3422.76
- Road surface type: Paved
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Estimated market value
$540,200