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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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404 SW Elmwood Ave , McMinnville, OR 97128
$914,900
Est. Payment: $4,600.27/mo
10 Bed
4 Bath
0 Sqft
Status: pending | Days on site: 17
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Exceptional investment opportunity in the heart of McMinnville! This extensively renovated four-unit property has been tastefully transformed from top to bottom, offering significant property tax savings and strong, reliable cash flow.No detail was overlooked! Each unit has been gutted and rebuilt with new plumbing, electrical systems, fixtures, finishes, and modern updates throughout. The result is four charming, move-in-ready residences that tenants love to call home.Located just a short walk from downtown McMinnville’s shops, restaurants, tasting rooms, and entertainment, these highly desirable units offer a rare combination of convenience and outdoor space. Each residence enjoys a spacious yard - an amenity seldom found in multifamily properties and highly valued by tenants.Units are well-appointed with appliances included, washer and dryer hookups, abundant storage, and attractive finishes throughout. Best of all, the property is fully leased with excellent rental income already in place, making this a truly turnkey investment. Whether you’re looking to expand your portfolio or secure a low-maintenance income-producing asset, this is an opportunity you won’t want to miss.

Highlights

Listed by Devri Doty , 503-435-7165 and Dominic Doty , 503-474-1234 Windermere Pacific Crest Realty , 503-474-1234. Portland Regional Multiple Listing Service mls logo

Property Type

Multi-Family

Lot/Acreage
0.3

Year Built

1950

County

Yamhill

Area

156 - Yamhill County including Willamina

Listing ID

316006147

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:10
  • Bathrooms:4
  • Full Bathrooms:4
Basement:Crawl Space
Other:Public Water

Exterior Features

Lot:Corner Lot,Level
Zoning:R-2
Roof:Composition
Others:Updated/Remodeled
Sewer:Public Sewer
Parking Features:Driveway,On Street
Principal Interest
$4,600
Taxes
$457

Home Price

$914,900

Loan Details

30 yrs
6.446%

Down Payment

20%
$182,980
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:
$4,600.27

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,600.27 $457.06 $0.00 $5,057.33
Yearly $55,203.24 $5,484.68 $0.00 $60,687.92
Total $1,656,097.26 $164,540.40 $0.00 $1,820,637.66

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.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor technology provider shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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Data last updated: 2026-07-24T01:19:15.000Z

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