505 NW Fenton St, McMinnville, OR 97128

McMinnville
Local realty services provided by:Knipe Realty ERA Powered
505 NW Fenton St,McMinnville, OR 97128
$399,900
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: john laney
Office: epique realty
MLS#:494455155
Source:PORTLAND

Price summary

  • Price:$399,900

About this home

Investor special with immediate cash flow! This rare two bedroom, one bathroom duplex opportunity features two detached homes on a single tax lot, offering the privacy of single-family residences with the income potential of a multi-family investment. Ideally located just blocks from the Public Library, City Park, and the shops and dining of Historic Downtown McMinnville, this property combines a prime walkable location with strong rental appeal. A great value-add or hold opportunity for investors seeking steady returns in a desirable area. Buyer to do own due diligence on the possibility of splitting the lot into 2x single family homes under Oregon's middle housing bill.No need to worry about capital expenses as the roof (2016) was recently replaced and the water heaters are in good condition. Renters on month-to-month.

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Home facts

  • Year built:1972
  • Listing ID #:494455155
  • Added:27 day(s) ago
  • Updated:March 19, 2026 at 07:19 AM

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1972

Schools

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

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$399,900
  • Tax amount:$2,546
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: March 19, 2026

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