$649,000
$50K PRICE DROP

1094 S Pennington Dr Newberg, OR 97132

Estimated payment $3,756/month

Total Views 4,416
4 Beds
6 Baths
2,624 Sq Ft
$247 Price per Sq Ft

Highlights

  • Seasonal View
  • 2 Car Attached Garage
  • Level Lot
  • No HOA
  • Zoned Heating

About This Home

Prime Investment Opportunity in North Newberg Near George Fox University! This well-located duplex features two spacious units—each offering 2 primary suites, a main-level half bath, a nice sized kitchen and an open great room. Both units include fully fenced yards and a single-car garage. Sitting on a large lot, there's exciting potential for development—city may allow the lot to be developed, add another unit, or even build a single-family home (Buyer to verify all potential uses with the city). Unbeatable location close to George Fox University, Chehalem Cultural Center, Chehalem Park & Rec, local parks, shopping, dining and countless vineyards and wineries. Please do not disturb tenants. Offers should be made subject to interior inspection of Unit 2. Buyer to honor existing tenants at closing. Don’t miss this versatile and rare opportunity within walking distance to GFU & in the heart of wine country!

Listing Agent

Laura Oviatt

Berkshire Hathaway HomeServices NW Real Estate License #200606089 Listed on: 07/24/2025

Berkshire Hathaway HomeServices NW Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,313

Year Built

  • Built in 2005

Lot Details

  • 0.26 Acre Lot
  • Level Lot
  • Flag Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Composition Roof
  • Cement Siding

Interior Spaces

  • 2,624 Sq Ft Home
  • 2-Story Property
  • Seasonal Views
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Schools

  • Joan Austin Elementary School
  • Mountain View Middle School
  • Newberg High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 526636

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $9,313
  • Gross Income $43,560
  • Net Operating Income $39,247

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,313

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2005
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Total Bedrooms: 4
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • View: Yes
  • Lot Features: FlagLot, Level
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Seasonal

Garage/Parking

  • Parking Description: Attached, Garage
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Joan Austin
  • High School: Newberg
  • Middle Or Junior School: Mountain View

Lot Info

  • Zoning: R2
  • Lot Size Acres: 0.26
  • Lot Size Sq Ft: 11325.0
  • Parcel #: 526636

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 4313.1

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.9
  • Annual Gross Income: 43560.0
  • Property Net Operating Income: 39247.0
  • Annual Operating Expense: 9313.0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,313 $269,822 -- --
2023 $4,165 $261,963 $0 $0
2022 $4,053 $254,333 $0 $0
2021 $3,944 $246,925 $0 $0
2020 $3,551 $239,733 $0 $0
2019 $3,503 $232,750 $0 $0
2018 $3,522 $225,971 $0 $0
2017 $3,744 $219,389 $0 $0
2016 $3,668 $212,999 $0 $0
2015 $3,602 $206,798 $0 $0
2014 $3,360 $200,777 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2025 09/25/25 Price Changed $649,000 -7.2% $247 / Sq Ft
07/24/2025 07/24/25 For Sale $699,000 -- $266 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $349,760 First American Title
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 216845298

Regional Multiple Listing Service (RMLS)

APN: 526636

Oregon Yamhill County Newberg 97132

1094 S Pennington Dr, Newberg, OR

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Regional Multiple Listing Service (RMLS) 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 Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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Laura Oviatt
Listing Agent
Laura Oviatt
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Berkshire Hathaway HomeServices NW Real Estate
(503) 406-3004