Damonian Pike

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Listing provided courtesy of Premiere Property Group, LLC- MLS# 460648136MLS Provider

1552 E 3RD STNewberg, OR 97132

Multi-Family · 3,728 Sq. ft. | 0.23 Acres
$950,000 Active

1552 E 3RD ST Overview

Time on Site:
53 days
Visits:
5

Potential to make over $72,000 gross a year on these up to date modern townhomes. Historically low vacancy. Ask your broker for six years of profit and loss statements showing pride of ownership and consistent and stable increase in income. New roof 5 years ago. Two units under market rent, two closer to market. Newer Townhouse Style 2 Bedroom / 1.5 Bath: quiet 4-Plex (not apartment complex). $1450 + $85 flat rate for water, sewer, and garbage per month. ($1535 total) For each individual townhome it's a spacious 930 Square Feet Half bath downstairs / full bath upstairs. Nice Grass Back Yard & Patio, secured storage room. Washer/Dryer in Units. High efficiency individual room heat. Spacious Living Room and Kitchen Area. Newer flooring in kitchen and living room. Each unit has two off street car parking spaces. Quiet neighborhood and street. Close to George Fox & PCC colleges. Doorsteps to wineries & wine country. Close to shopping & restaurants. All leases month to month and will be provided with an acceptable offer. DO NOT DRIVE ON PROPERTY. DO NOT DISTURB TENANTS.

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1552 E 3RD ST Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,728
  • Price/Sq.ft. $255
  • Lot 0.23 Acres

Details

General

School Information

  • Elementary School: Edwards
  • Middle Or Junior School: Mountain View
  • High School: Newberg

Income/Expenses

  • Gross Income: 61045.0
  • Gross Scheduled Income: 72000.0
  • Net Operating Income: 32622.0
  • Operating Expense: 18833.0

Building Information

  • Year Built: 2006

Location/Region

  • Country: US
  • County Or Parish: Yamhill
  • MLS Area Major: 156 - Yamhill County including Willamina

Rent/Lease Information

  • Rent Includes: Cable TV,Electricity,Heat

Tax Information

  • Tax Annual Amount: 6575.33
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 60285
  • Property Condition: Approximately
  • Property Type: Multi Family
  • Zoning: Multi

Interior

Building Interior

  • Building Area Total: 3728.0

General Information

  • Basement: None
  • Foundation Details: Concrete Perimeter
  • Heating: Zoned
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Driveway,Open
  • Parking Total: 8.0

Lot Information

  • Lot Features: Level
  • Lot Size Acres: 0.23
  • Lot Size Square Feet: 10018.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 4
  • Sewer: Public Sewer

1552 E 3RD ST Neighborhood

Community

97132 (Newberg) Demographics

36
Median Age
475
Population Density (per sq. mile)
46%
College Educated
$80,541
Estimated Median Income
7,217
Estimated Total Home Owners
3,385
Estimated Total Renters
68% / 32%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1552 E 3RD ST Market Data

Based on the last 30 days in this zip code

$1,050,220
Average List Price
$445
Average Price per Square Foot
42
Properties Sold
113
Average Days on Market
160
Properties for Sale
Calculations provided by Reliance Network

1552 E 3RD ST History

Date Event Value Agent
6/6/2026Source: Regional MLS Price Reduction
$950,000 -5.0%
5/7/2026Source: Regional MLS Added to Database
May 07, 2026