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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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240 SE Davis St , McMinnville, OR 97128
$390,000
Est. Payment: $1,960.99/mo
3 Bed
1.5 Bath
2854 Sqft
Status: pending | Days on site: 353
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

This 1914 home presents a rare opportunity to restore a piece of McMinnville history. Located approximately 0.2 miles from Historic Downtown McMinnville, one block from the McMinnville Farmers Market, and 0.6 miles from Linfield University, the property offers convenient access to shops, restaurants, tasting rooms, parks, and Highway 99W. Situated on an approximately 8,276 sq ft lot and zoned R4 Multifamily, the property presents opportunities for redevelopment, investment, or restoration, subject to buyer due diligence. Many original architectural features remain, including fir floors, plaster walls, wood windows, and vintage kitchen cabinetry. Listed on McMinnville's Historic Homes Registry (Tier 2), the home retains much of its original character, with exterior modifications subject to historic review requirements.Recent improvements include tuck-pointing and installation of a new heating system. Air conditioning may be added. The second floor previously accommodated additional bedrooms and may offer future expansion potential, subject to permits and approvals. A detached garage provides storage, workshop space, or future use potential. The full unfinished basement offers substantial storage and future finishing potential. With numerous windows and a separate exterior entrance, the space may accommodate expanded living, recreation, workspace, or hobby areas, subject to permits and approvals.The property requires substantial rehabilitation. All plumbing has been removed, the electrical system requires replacement, bathrooms have been stripped, and water, sewer, and electrical services are not currently connected. Interior conditions may be unsafe; buyers should exercise caution when viewing. Property is being sold strictly AS-IS. An exceptional opportunity for investors, contractors, developers, or restoration-minded buyers seeking a historic property in the heart of Oregon wine country with R4 multifamily zoning and proximity to downtown amenities.

Highlights

Listed by Stacey McGhehey , 971-237-9306 Coldwell Banker Professional , 503-538-0468. Portland Regional Multiple Listing Service mls logo

Property Type

Residential

Lot/Acreage
0.19

Year Built

1914

County

Yamhill

Area

156 - Yamhill County including Willamina

Listing ID

777192214

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:1.5
  • Full Bathrooms:1
  • 1/2 Bathrooms:1
Basement:Exterior Entry,Full Basement,Unfinished
Other:Wood Floors,Master on Main
Other:Other

Exterior Features

Lot:Level
Garage Capacity:1
Zoning:R4
Roof:Composition
Others:Fixer
Sewer:Other
Parking Features:Detached,Off Street,On Street
Principal Interest
$1,961
Taxes
$261

Home Price

$390,000

Loan Details

30 yrs
6.446%

Down Payment

20%
$78,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,960.99

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,960.99 $260.99 $0.00 $2,221.98
Yearly $23,531.82 $3,131.90 $0.00 $26,663.72
Total $705,954.67 $93,957.00 $0.00 $799,911.67

Today's Rates

30 Year

6.45%

20 Year

6.23%

15 Year

5.73%

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Market insight data is pulled from the same city as the listing being viewed (McMinnville, OR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.


The data relating to real estate for sale on this web site comes in part from the Portland Regional Multiple Listing Service. Real estate listings held by brokerage firms other than The AskSarita Team | Keller Williams Sunset Corridor are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

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Data last updated: 2026-07-24T03:19:25.000Z

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