This exceptional triplex, ideally situated in the heart of McMinnville, offers a rare opportunity for investors seeking strong, consistent cash flow. Professionally managed with a long history of great rental performance, this property ensures hassle-free ownership while maximizing returns.Each unit has been updated and well-maintained, attracting quality tenants and maintaining low vacancy rates. The prime location directly across from Linfield University makes it highly desirable for students, faculty and professionals, while its proximity to Michelbook Golf Course and downtown McMinnville adds to its broad tenant appeal.With its proven rental history, strategic location, and professional management, this turn-key investment is an outstanding addition to any portfolio. Don’t miss this chance to own a highly sought-after multifamily property in one of McMinnville’s most desirable neighborhoods!
Pending
$539,000
525 SW Fellows St, McMinnville, OR 97128
3beds
1,650sqft
Est.:
Multi Family
Built in 1950
-- sqft lot
$534,400 Zestimate®
$327/sqft
$-- HOA
What's special
- 66 days
- on Zillow |
- 262 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: April 08, 2025 at 02:48am
Listed by:
Steve Nassar 503-805-5582,
Premiere Property Group, LLC,
Sydney Taggart 503-568-5522,
Premiere Property Group, LLC
Source: RMLS (OR),MLS#: 706376167

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard
Cooling
- None
Appliances
- Included: Microwave, Range, Refrigerator, Washer/Dryer, Electric Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 1,650
- Total interior livable area: 1,650 sqft
Video & virtual tour
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Lot
- Size: 6,969.6 Square Feet
- Features: Private, SqFt 5000 to 6999
Details
- Parcel number: 155209
- Zoning: R4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Community
- Security: Unknown
HOA
- Has HOA: No
Location
- Region: Mcminnville
Financial & listing details
- Price per square foot: $327/sqft
- Tax assessed value: $454,902
- Annual tax amount: $3,687
- Date on market: 2/19/2025
- Listing terms: Cash,Conventional
- Total actual rent: 4000
- Road surface type: Paved
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