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29500283
29500297

822 S Columbia St, Newberg, OR 97132

MD
OR 200603118
PAC NW Realty Solutions
Listed by PAC NW Realty Solutions
$1,595,000
121 days on market
Updated 121 days ago
Opportunity zone

Fully renovated, well maintained 6 plex located in Newberg

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,612
Net Rentable (SqFt) 5,310
Units 6
Cap Rate 5.51%
NOI $87,890
Occupancy 100%
Price per SqFt $284
Broker Co-Op Yes
Year Built 1967
Year Renovated 2025
Buildings 1
Stories 1
Lot Size (SqFt) 15,000 - 19,990
Zoning R-2
Investment Type Stabilized
Occupancy Date 11/17/2025

Fully renovated, well maintained 6 plex located in Newberg

Marketing description

Fully renovated, well maintained 2 bedroom/1 bath 6 plex located in central Newberg. Major capital improvements include: new plumbing, updated electrical panels, wall heaters, windows, exterior and interior paint, LVP flooring, carpet, cabinets, quartz countertops, fixtures, and hardware. Newer, recently cleaned roof and gutters. Each unit has a slider off the dining nook leading to a private patio and backyard. This property offers a large paved parking area, on site laundry, and individual storage rooms. Location is near George Fox University with convenient access to Highway 99. Residents benefit from easy walking distance to Memorial Park, Rotary Centennial Park, and Hoover Park. Daily shopping and services are nearby, including One Everest Center, Vintage Square, and Crossroads Plaza, all within a four minute drive. Providence Newberg Medical Center is also just minutes away. Professionally managed with consistent rental history, this strong investment opportunity offers a balance of accessibility combined with Newberg’s close knit community. Financials available upon request.

Investment highlights

  • 100% Occupied!

  • 5,310 sq. ft. Rentable Area

  • 15,000 sq. ft. Land Area

  • Built in 1976/Remodeled

  • Property is in Excellent Condition

  • Gross Income: $107,547

  • Operating Expenses: $19,648

  • Net Income: $87,890

  • 5.5 Cap Rate

Listing Contacts

MD
OR 200603118
PAC NW Realty Solutions
Listed by PAC NW Realty Solutions

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$87,890.00
$7,324.17/mo

Valuation Metrics

0
DSCR
5.51%
Cap Rate
5.51%
ROI

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Additional Information

Name
Marissa Davis
License
200603118
Brokerage
PAC NW Realty Solutions
Brokerage Phone
5036805329
Title
Principal Broker
Brokerage Address
14061 Goodall Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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