404 SW Elmwood Ave, McMinnville, OR 97128

McMinnville
Local realty services provided by:Knipe Realty ERA Powered
404 SW Elmwood Ave,McMinnville, OR 97128
$914,900
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: devri doty, dominic doty
Office: windermere pacific crest realty503-474-1234
MLS#:316006147
Source:PORTLAND

Price summary

  • Price:$914,900

About this home

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...

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Home facts

  • Year built:1950
  • Listing ID #:316006147
  • Added:1 day(s) ago
  • Updated:June 09, 2026 at 03:24 PM

Rooms and interior

  • Basement Description:Crawl Space

Structure and exterior

  • Roof:Composition
  • Year built:1950
  • Lot area:0.3 Acres
  • Lot Features:Corner Lot, Level
  • Foundation Description:Concrete Perimeter
  • Levels:1 Story

Schools

  • High school:McMinnville
  • Middle school:Duniway
  • Elementary school:Newby

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$914,900
  • Tax amount:$5,485 (2025)

Parking

  • Parking description:Driveway, On street
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Knipe Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: June 9, 2026

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