1536 East 3rd Street

Newberg, OR 97132

$6,200,000
Price
Beds
29,380 Sq. Ft.
$211 / Sq. Ft.
29,380
Sq. Ft.
$211
per Sq. Ft.

Description

26 units all 3/1 constructed in 1970. 5.9% cap on actuals. Property features plank flooring, upstairs carpeting, granite kitchen counters, fiber optic internet, plenty of storage, spacious grounds, onsite laundry. Improves include (2018)-drivelane asphalt was removed and replaced with 3" of new hot asphalt, (2021)-asphalt crackfill, sealcoat & restripe, (2022)-roofs fully torn off and replaced all sheathing replaced as needed. Partial siding replacement as needed. Full exterior repaint26 units all 3/1 constructed in 1970. 5.9% cap on actuals. Property features plank flooring, upstairs carpeting, granite kitchen counters, fiber optic internet, plenty of storage, spacious grounds, onsite laundry. Improves include (2018)-drivelane asphalt was removed and replaced with 3" of new hot asphalt, (2021)-asphalt crackfill, sealcoat & restripe, (2022)-roofs fully torn off and replaced all sheathing replaced as needed. Partial siding replacement as needed. Full exterior repaint
  1. Listed by Gabe Johansen • SMI Commercial Real Estate LLC

Property Details for 1536 East 3rd Street

Zoning
R-3

Location

Listing Courtesy of SMI Commercial Real Estate LLC
Add your commute
LISTING UPDATED: 12/29/2023 09:51 AM

Property Details for 1536 East 3rd Street

StatusActive
MLS #23402832
Days on Market306
Taxes$22,608 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1970
Lot Size-
CountyYamhill County

Location

Listing Courtesy of SMI Commercial Real Estate LLC
Add your commute

Building Information for 1536 East 3rd Street

Stories2Residences26Year Built1970Building Size-Lot Size-

Payment Calculator

$35,720 per month

30 year fixed, 7.25% Interest

Principal and Interest

$33,836

Property Taxes

$1,884

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1536 East 3rd Street

Summary
Location and General Information
  • Country: US
  • Directions: E 1st to S Church to E 3rd. East on 3rd to property
School Information
  • Elementary School: Yamhill
  • High School: Yamhill-Carlton
  • Middle Or Junior School: Yamhill
Parking
  • Attached Garage: No
Taxes and HOA
  • FIRPTA: No
  • Tax Year: 2022
  • Tax Deferral: No
  • Tax Annual Amount: $22,608.18
  • Parcel Number: 60301
  • Tax Legal Description: LOTS 9 & 12 & PT LOTS 8 10 & 11 IN HOBSONS ADDITION
Virtual Tour
  • Video Virtual Tour 1 Y/N: No
  • Video Virtual Tour 2 Y/N: No
Property
Lot Information
  • Lot Size Range: Acres1to3
  • Lot Size: 1 to 2.99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Approximately
  • Year Built: 1970
  • Property Attached: No
Utilities
  • Fuel Description: Electricity
  • Heating Description: Other
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Green Features
  • Green Certification: No
Interior and Exterior Features
Interior Features
  • View Y/N: No
  • Stories: 2
  • Cooling: No
  • Heating: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 26
  • Gross Income Actual: $.00
  • Net Income Actual: $.00
  • Operating Expense: $.00
  • Unit Type Type: Unit Type Type1
  • SqFt Approximate Building Total: 29380
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Rent: $0
  • Unit Type 1 SqFt: 1130.0
  • Unit Type 1 Units Total: 26

Property History for 1536 East 3rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1536 East 3rd Street

Taxable ValueLand-Additions-Total-
Tax Record2023$23,232 ($1,936 / month)
Home Facts
Lot Size49,658 SqFtStyleMulti-Family Res (5+ Units)ZoningR3CountyYAMHILLAPNR3220BD 01000

Schools near 1536 East 3rd Street

This home is within Newberg School District 29j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - K to 12
Rating
School
Distance
Joan Austin Elementary School
PublicK to 5

Mountain View Middle School
Public6 to 8

Newberg Senior High School
Public9 to 12

Cs Lewis Academy
PrivateK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1536 East 3rd Street is a multi-family home for sale in Newberg, OR 97132. This property was listed for sale on June 26, 2023 by SMI Commercial Real Estate LLC, it's currently listed at $6,200,000. It has been on the market for a total of 306 days and was last sold on October 9, 2017. This listing's school district is Newberg School District 29j. Nearby schools include Joan Austin Elementary School, Mountain View Middle School and Newberg Senior High School. 1536 East 3rd Street is a 0-bed, 0-bath, 29,380 sqft multi-family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SMI Commercial Real Estate LLC

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 12/29/2023 09:51 AM