$2,685,000
SOLD MAY 15, 2025

1558 E 3rd St Newberg, OR 97132

-- Bed
-- Bath
13,200 Sq Ft
0.69 Acres

Recently Sold

$203 Per Sq Ft

6% Below List Price

182 Days on Market

Highlights

  • Zoned Heating
  • Level Lot
  • Lap Siding

About This Home

As of May 2025

A 6.30% Cap on Actuals! With assumable financing available for a qualified buyer! Fixed rate of 3.37% through May of 2026! Strong occupancy history with upside in rents based on most recent highest achieved of $2,025! The Garden Court Apartments were built in 1970 and are comprised of 12 three-bedroom one-and-a-half bath townhouse-style apartments. At 1,100 square feet, the spacious layouts consist of an open floorplan, modern kitchen amenities, washer dryer hook ups, and private fenced in patios. Three buildings, with wood-framed construction and pitched composition shingle roofs make up the complex. All units have vinyl windows and sliders. Ample parking with one covered parking spot and one uncovered parking spot per unit. All three buildings received new exterior paint, gutters and roofs in 2020.

Last Agent to Sell the Property

Glenna Cooke

GA Cooke Real Estate Services License #780303551 Listed on: 09/19/2024

Last Buyer's Agent

Jessica Kaur

Knipe Realty ERA Powered License #201236133

Knipe Realty ERA Powered

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,254

Year Built

  • Built in 1970

Lot Details

  • 0.69 Acre Lot
  • Level Lot

Home Design

  • Composition Roof
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Crawl Space

Parking

  • Carport
  • Open Parking

Schools

  • Mountain View Middle School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number 60267

Community Details

Overview

  • 12 Units

Building Details

  • Operating Expense $83,655
  • Gross Income $259,595
  • Net Operating Income $175,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,254

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1970
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 20,000 SqFt to .99 Acres
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Roof: Composition

Garage/Parking

  • Parking Description: Carport, Open
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Middle Or Junior School: Mountain View

Lot Info

  • Zoning: R-3
  • Lot Size Acres: 0.69
  • Lot Size Sq Ft: 30056.0
  • Parcel #: 60267

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 11253.81

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 12
  • Gross Rent Multiplier: 10.77
  • Annual Gross Income: 259595.0
  • Property Net Operating Income: 175940.0
  • Annual Operating Expense: 83655.0

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2025 05/15/25 Sold $2,685,000 -5.8% $203 / Sq Ft
03/20/2025 03/20/25 Pending -- -- --
09/19/2024 09/19/24 For Sale $2,850,000 +90.0% $216 / Sq Ft
11/30/2016 11/30/16 Sold $1,500,000 -3.2% $114 / Sq Ft
08/25/2016 08/25/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $1,550,000 -- $117 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2025

    Glenna Cooke

    GA Cooke Real Estate Services

    (503) 201-2007

    10 Total Sales

    Glenna Cooke
    Section Image

  • J

    Buyer's Agent in 2025

    Jessica Kaur

    Knipe Realty ERA Powered

    (360) 961-8167

    17 Total Sales

    Jessica Kaur
    Section Image

  • T

    Seller's Agent in 2016

    Tyler Gerding

    Pounder Realty Llc

  • G

    Buyer's Agent in 2016

    Grayson Pounder

    Pounder Realty Llc

See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24507209

Regional Multiple Listing Service (RMLS)

Oregon Yamhill County Newberg 97132

1558 E 3rd St, Newberg, OR

This home is located at 1558 E 3rd St, Newberg, OR 97132 and is currently priced at $2,685,000, approximately $203 per square foot. This property was built in 1970. 1558 E 3rd St is a home located in Yamhill County with nearby schools including Joan Austin Elementary School, Mountain View Middle School, and Newberg Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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