UPDATED DUPLEX IN NEWBERG, OREGON | 309 W Sherman St
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UPDATED DUPLEX IN NEWBERG, OREGON 309 W Sherman St
2 Unit Dormitory $529,900 ($264,950/Unit) 6.34% Cap Rate Newberg, OR 97132
Investment Highlights
- Property Has Long Time Renters Already in Place
- Walking Distance to Downtown Newberg
- George Fox University is in Newberg, Oregon
Executive Summary
($20,000 PRICE REDUCED)Fantastic investment opportunity in Newberg, Oregon! This 1616SF duplex is two units. One unit on the main floor features a living room, kitchen, 2 bedrooms,1 bathroom and it also features an upstairs bonus room and has 989 square feet. It currently rents for $1820/mo. The second unit features 1 bedroom and 1 bathroom with and it's own laundry and Kitchen and has approx. 627sf. It currently rents for $1400/mo. This property has two backyards and a 1 car attached garage. Nice front porch and is close to downtown Newberg. Great for George Fox University Rental.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$38,640
|
$23.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$38,640
|
$23.91
|
| Taxes |
$3,851
|
$2.38
|
| Operating Expenses |
$5,051
|
$3.13
|
| Total Expenses |
$8,902
|
$5.51
|
| Net Operating Income |
$29,738
|
$18.40
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $38,640 |
| Annual Per SF | $23.91 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $38,640 |
| Annual Per SF | $23.91 |
| Taxes | |
|---|---|
| Annual | $3,851 |
| Annual Per SF | $2.38 |
| Operating Expenses | |
|---|---|
| Annual | $5,051 |
| Annual Per SF | $3.13 |
| Total Expenses | |
|---|---|
| Annual | $8,902 |
| Annual Per SF | $5.51 |
| Net Operating Income | |
|---|---|
| Annual | $29,738 |
| Annual Per SF | $18.40 |
Property Facts
Unit Amenities
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Refrigerator
- Deck
- Dining Room
- Lawn
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,820 | 989 |
| 1+1 | 2 | $1,400 | 627 |
1 of 1
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (82)
zoning
| Zoning Code | R-2 (Property is Zoned for Two Units) |
| R-2 (Property is Zoned for Two Units) |
-
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UPDATED DUPLEX IN NEWBERG, OREGON | 309 W Sherman St
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