Charming 1948, 2 unit home in the heart of McMinnville, close to Linfield University, and just blocks away from McMinnville's historic Third Street and award winning wineries and restaurants. Located in a quiet, walkable neighborhood near parks, cafes, and transit, this well kept investment opportunity has a newer roof, flooring (carpet and vinyl) and interior and exterior paint. Long term and stable tenants. Includes two backyard sheds for tenant storage, and paved off street parking for 2 cars. New window A/C in both units. Excellent opportunity for first-time buyers or experienced rental investors alike. Don't pass up this opportunity to pick up an occupied rental investment and begin building or add to your portfolio!
Pending
$400,000
547 SE Cowls St, McMinnville, OR 97128
2beds
1,022sqft
Est.:
Multi Family
Built in 1948
-- sqft lot
$-- Zestimate®
$391/sqft
$-- HOA
What's special
Backyard shedsInterior and exterior paintPaved off street parkingNewer roof
- 31 days
- on Zillow |
- 888 |
- 55 |
Zillow last checked: 7 hours ago
Listing updated: August 14, 2025 at 12:14am
Listed by:
Catherine Summers 971-219-9858,
Bella Casa Real Estate Group
Source: RMLS (OR),MLS#: 252811727

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard
Cooling
- Window Unit(s), Air Conditioning
Appliances
- Included: Range, Refrigerator, Washer/Dryer, Electric Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 1,022
- Total interior livable area: 1,022 sqft
Property
Parking
- Total spaces: 2
- Parking features: Open, Paved
- Has uncovered spaces: Yes
Features
- Stories: 1
- Has view: Yes
- View description: Park/Greenbelt
Lot
- Size: 5,662.8 Square Feet
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: 164495
- Zoning: R4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Existing
- Year built: 1948
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Location
- Region: Mcminnville
Financial & listing details
- Price per square foot: $391/sqft
- Tax assessed value: $254,111
- Annual tax amount: $2,416
- Date on market: 7/31/2025
- Cumulative days on market: 31 days
- Listing terms: Cash,Conventional,FHA
- Total actual rent: 2110
- Road surface type: Paved
- Loading