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  • $2,250,000

    605 NW Adams St, McMinnville, OR 97128

    42beds
    14,200sqft
    Multi Family
    Built in 1970
    -- sqft lot
    $-- Zestimate®
    $158/sqft
    $1,633 Estimated rent

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    $1,633/mo

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    $13,344/mo

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    $13,344/mo

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    What's special

    SIGNIFICANT INTEREST. MULTIPLE OFFERS WILL BE REVIEWED TUES FEB 18th. Rare opportunity to purchase a 20 unit apartment complex just 3 blocks from McMinnville's historic downtown 3rd St! 18 two bedroom/one bathroom units and 2 three bedroom/one bathroom units, there is onsite coin operated laundry for tenant use. Buildings will need to be improved, but there is significant potential for rent growth. 0%. vacancy with waitlisted applications. Full basement in one building could be sectioned off for tenant storage, and the 26,419 square foot lot has space to add more parking, or even build an on-site manager dwelling. Buyer to do all due diligence with the city, etc. Apartment square footage to be estimated and updated soon.

    Zillow last checked: 8 hours ago

    Listing updated: March 28, 2025 at 05:35am

    Listed by:

    Catherine Summers 971-219-9858,

    Bella Casa Real Estate Group

    Bought with:

    OR and WA Non Rmls, NA

    Non Rmls Broker

    Source: RMLS (OR),MLS#: 225377294MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 42
    • Bathrooms: 20
    • Full bathrooms: 20
    Heating
    • Baseboard
    Appliances
    • Included: Range, Electric Water Heater
    • Laundry: Common Area
    Features
    • Basement: Full,Storage Space
    Interior area
    • Total structure area: 14,200
    • Total interior livable area: 14,200 sqft

    Property

    Parking
    • Total spaces: 23
    • Parking features: Assigned
    Features
    • Stories: 2
    Lot
    • Size: 0.61 Acres
    • Features: Corner Lot, Level, SqFt 20000 to Acres1
    Details
    • Parcel number: 149770
    • Zoning: R4

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Concrete Perimeter
    • Roof: Flat,Membrane
    Condition
    • Fixer
    • Year built: 1970

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Security
    • Security features: None
    Community
    • Community features: All Landscaping, Laundry
    Location
    • Region: Mcminnville
    • Subdivision: Mcminnville Mfr 4+

    HOA & financial

    Other financial information
    • Total actual rent: 14270

    Other

    Other facts
    • Listing terms: Cash
    • Road surface type: Paved