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.
Sold
$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
Owner options
What's special
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#: 225377294
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