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708 SE Davis St 7 Unit Apartment Building $1,551,296 CAD ($221,614 CAD/Unit) 5.90% Cap Rate Mcminnville, OR 97128

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EXECUTIVE SUMMARY

Unique seven unit apartment complex! Townhome style units with a mix of (3) 3/1.5 units and (4) 2/1.5 units. Good on-site parking, walking distance to downtown McMinnville and Linfield University campus. Rents range from $1195 - $1450. Property showings upon accepted offer to purchase. Please do not disturb the residents. Under contract seeking back up offers.

PROPERTY FACTS Under Contract

Price $1,551,296 CAD
Price Per Unit $221,614 CAD
Sale Type Investment
Cap Rate 5.90%
Gross Rent Multiplier 10.17
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.59 AC
Building Size 7,200 SF
Average Occupancy 100%
No. Stories 1
Year Built 1971
Zoning R-4 - Residential zoning district

AMENITIES

SITE AMENITIES

  • 24 Hour Access

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1.5 4 - -
3+1.5 3 - -
Walk Score®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
163860
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$729,518 CAD
  • Listing ID: 37884199

  • Date on Market: 2025-09-30

  • Last Updated:

  • Address: 708 SE Davis St, Mcminnville, OR 97128

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