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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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536 NE 5th St , McMinnville, OR 97128
$1,500,000
Est. Payment: $8,186.12/mo
4300 Sqft
0.28 Acres
Status: active | Days on site: 3
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House Description

The Spence House is a 4,300 square foot English cottage-style residence built in 1929. It was converted into a duplex in 1955 and remained a residence until 1986 when it was named a historical building by the National Register of Historical Places. Yamhill County acquired it shortly after and has used it for offices. It has dramatic steeply pitched gables, multi-pane casement windows, and exterior high-quality brickwork and stucco. The basement is fully finished and dry, has a fireplace, two staircases, and plentiful storage. On the first floor there are multiple private offices, two bathrooms, a fireplace, and reception area. The second floor also has multiple private offices and a full bathroom, and the third floor is unfinished, but has the potential to become an extra office or storage. There is crown molding throughout, beautiful wooden finishes and flooring, and ample storage. This property is zoned C-3 which permits offices, retail, mixed-use, or a multi-family dwelling. Single-use and duplexes are allowed under certain conditions. Located across the street from the County Courthouse, and two blocks from well-known Third St in downtown McMinnville. It has 11 dedicated parking spaces and street parking. Sewer lateral was replaced from the house to the city sewer in 2016. HVAC units were replaced in 2019, 2024, and 2025. The roof was replaced in 2011. The building is not ADA compliant but ADA improvements have been made. Buyer to do their own due diligence to confirm square footage and ensure the property meets their needs. Shown by appointment only. All showings require advanced scheduling.

Highlights

Listed by Michael Morris , 971-241-3847 and Christie Shertzer , 503-740-9200 Miller Consulting Group, LLC , 503-740-9200. Portland Regional Multiple Listing Service mls logo

Property Type

Commercial Sale

Lot/Acreage
0.28

Year Built

1929

County

Yamhill

Area

156 - Yamhill County including Willamina

Listing ID

470140955

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Interior Features

Air Cond:Heat Pump
Fireplaces:
Water:Public Water

Exterior Features

Garage Capacity:8
Zoning:C-3
Roof:Composition
Others:
  • ▪ Additional:Existing
Sewer:Public Sewer
Parking Features:On Site
Principal Interest
$8,186
Taxes
$956

Home Price

$1,500,000

Loan Details

30 yrs
7.25%

Down Payment

20%
$300,000
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:
$8,186.12

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,186.12 $956.25 $0.00 $9,142.37
Yearly $98,233.38 $11,475.00 $0.00 $109,708.38
Total $2,947,001.53 $344,250.00 $0.00 $3,291,251.53

Today's Rates

30 Year

7.25%

20 Year

7.18%

15 Year

6.69%

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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: 2026-10-23T05:04:12.000Z

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