505 NW FENTON ST McMinnville, OR $ 399,900
505 NW FENTON ST
$ 399,900
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505 NW FENTON ST

McMinnville, OR, 97128
$ 399,900
Bedrooms4 Baths2.0

Monthly Estimate*

$ 2,462

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Multi-Family Home for sale in McMinnville, OR

for $399,900 with 4 bedrooms and 2 full baths. This home was built in 1972.

Investor special with immediate cash flow! This rare two bedroom, one bathroom duplex opportunity features two detached homes on a single tax lot, offering the privacy of single-family residences with the income potential of a multi-family investment. Ideally located just blocks from the Public Library, City Park, and the shops and dining of Historic Downtown McMinnville, this property combines a prime walkable location with strong rental appeal. A great value-add or hold opportunity for investors seeking steady returns in a desirable area. Buyer to do own due diligence on the possibility of splitting the lot into 2x single family homes under Oregon's middle housing bill.No need to worry about capital expenses as the roof (2016) was recently replaced and the water heaters are in good condition. Renters on month-to-month.

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Multi-Family Pending

Price

$ 399,900

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,546

Style

Year Built

1972

Town/City

McMinnville

County/Region

Yamhill

MLS | Web ID

494455155

Features
General
Sewer PublicSewer
Heating Baseboard
Cooling None
Roof Composition
Zoning unknown
Year Built 1972
Parcel Number 152364
Gross Income 26880.0
County Yamhill
Net Operating Income 0
Operating Expense 0
Property Type MultiFamily
HOA N
Rent Includes None
Status Pending
Directions 505 NW Fenton St McMinnville OR 97128
High School McMinnville
City McMinnville
Disclosures Disclosure
Number Of Units Total 2
MLS Area _156
Listing Terms Cash Conventional FHA VALoan
Elementary School Newby
Tax Annual Amount 2546.46
Middle/Junior High School Duniway
Property Condition Approximately
Standard Status Pending
Accessory Dwelling Unit Y/N N
Legal Description LOT 3 - BLOCK 1 IN MAYNARD'S SUBDIVISION
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Exterior
Water Source PublicWater
Total Parking 0
Exterior Description T111Siding WoodSiding
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Interior
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 4
Unit Type UnitTypeType1
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Internal Only
Street Number 1 505
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* Excluded Features
List By
Epique Realty

Broker

503-217-4229

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Affordability Calculator

$2,674
Per Month
92%
8%
0%
Monthly Principal & Interest
$2,462
Monthly Property Taxes
$212
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1951240 Elementary School
1951025 Middle School
McMinnville High School High School
Pricing History
DatePricePrice ChangeDescription
2/28/2026$399,900 Listed Price

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505 NW FENTON ST, McMinnville, OR, 97128 is a Multi-Family Home for sale at $399,900. 505 NW FENTON ST has 4 bedrooms, 2.0 baths, and was built in 1972. The property's zip code is 97128 which is in McMinnville, OR