507 NE Davis St, McMinnville, OR 97128

Local realty services provided by:ERA Freeman & Associates, Realtors
507 NE Davis St,McMinnville, OR 97128
$1,330,000
  • - Beds
  • - Baths
  • 5,350 sq. ft.
  • Multi-family
  • Active
Listed by: brielle houston
Office: bella casa real estate group
MLS#:262186389
Source:PORTLAND

Price summary

  • Price:$1,330,000
  • Price per sq. ft.:$248.6

About this home

Prime Investment Opportunity in the Heart of Historic McMinnville! Located just steps from McMinnville’s charming downtown, this beautifully updated multi-unit property offers the perfect blend of historic character, modern upgrades, and strong income potential. Walk score of 92. With unbeatable proximity to restaurants, shops, tasting rooms, and local attractions, this is truly a gem in one of Oregon’s most vibrant communities. The property features five uniquely designed apartments, two of which are successful short-term rentals with a proven track record of income. Each unit showcases custom finishes, stylish wallpaper, fresh paint, updated window coverings, and newly renovated kitchens and bathrooms in four of the units. Comfort is key with new ductless heat pumps installed throughout. The basement offers potential—currently set up as a shared common space with a kitchen, it could easily be transformed into private storage lockers for tenants or wine lockers for guests. Additional

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Home facts

  • Year built:1940
  • Listing ID #:262186389
  • Added:91 day(s) ago
  • Updated:January 06, 2026 at 12:18 PM

Rooms and interior

  • Living area:5,350 sq. ft.

Heating and cooling

  • Cooling:Heat Pump
  • Heating:Ductless, Mini Split

Structure and exterior

  • Roof:Composition
  • Year built:1940
  • Building area:5,350 sq. ft.
  • Lot area:0.18 Acres

Schools

  • High school:McMinnville
  • Middle school:Patton
  • Elementary school:Memorial

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,330,000
  • Price per sq. ft.:$248.6
  • Tax amount:$4,055 (2025)
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 ERA Freeman & Associates, Realtors 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: January 6, 2026

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