1094 S Pennington Dr Newberg, OR 97132
Estimated payment $4,220/month
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—divide the lot, 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
Berkshire Hathaway HomeServices NW Real Estate License #200606089 Listed on: 07/24/2025
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/24/2025 07/24/25 | For Sale | $699,000 | -- | $266 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $349,760 | First American Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $245,000 | Commercial | |
| Previous Owner | $202,500 | Fannie Mae Freddie Mac | |
| Previous Owner | $154,000 | Unknown | |
| Previous Owner | $34,785 | New Conventional |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 216845298
APN: 526636
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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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