707 NE 5TH ST McMinnville, OR $ 650,000
707 NE 5TH ST
$ 650,000
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707 NE 5TH ST

McMinnville, OR, 97128
$ 650,000
Bedrooms-- Baths-- Sq 1,906

Monthly Estimate*

$ 4,104

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Commercial Property for sale in McMinnville, OR

for $650,000. This 1,906 square foot building was built in 1920 on a lot size of 0.1.

Fully leased 1,903 SF Victorian — 4 bedrooms, 2 baths, two full kitchens, and a fourth bedroom with wet bar that lets the floor plan divide cleanly into two independent living areas. Four off-street parking spaces, a rarity this close to Third Street. The building sits high on a corner lot two blocks from Third Street, two from the Yamhill County Courthouse, and two from the Granary District — with the elevation and frontage that make a building get noticed. Built in 1920, its turn-of-the-century detail has been carefully preserved. A single tenant currently leases the entire space and pays all utilities. Flexible O-R zoning keeps the other doors open: professional office, live-work, duplex, or extended corporate stays of 30 days or more. Buy the income, or step into it yourself.

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Commercial Active

Price

$ 650,000

Property Type

Commercial

Taxes

$ 4,295

Style

Commercial

Lot Size

0.1

Year Built

1920

Town/City

McMinnville

County/Region

Yamhill

MLS | Web ID

351566695

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling HeatPump
Roof Composition
Zoning O-R
Year Built 1920
Stories Count 3
Property Subtype Commercial
Tax Year 2025
Current Use MultiFamily ProfessionalService
Parcel Number 159269
Gross Income 40200.0
County Yamhill
Operating Expense 7000.0
Property Type CommercialSale
HOA N
Status Active
Directions Head East on NE Third St. turn North on NE Galloway Corner of Galloway & NE 5th St
City McMinnville
MLS Area _156
Lot Size Square Feet 4356.0
Listing Terms CallListingAgent Cash Conventional Other
Tax Annual Amount 4295.08
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Leasehold Rent $/Mo 3350.0
Legal Description SEE METES & BOUNDS
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Exterior
Parking Features OffStreet
Water Source PublicWater
Building Area Total 1906.0
Lot Size Acres 0.1
Road Surface Type Paved
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Internal Only
Street Number 1 707
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* Excluded Features
List By
Constant Commercial Real Estate Inc

Broker

503-222-0282

Contact

Affordability Calculator

$4,462
Per Month
92%
8%
0%
Monthly Principal & Interest
$4,104
Monthly Property Taxes
$358
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/24/2026$650,000 Listed Price

Map


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707 NE 5TH ST, McMinnville, OR, 97128 is a Commercial Property for sale at $650,000 with 1,906 sqft and a lot size of 0.1. 707 NE 5TH ST was built in 1920. The property's zip code is 97128 which is in McMinnville, OR