G
Seller's Agent in 2025
Glenna Cooke
GA Cooke Real Estate Services
(503) 201-2007
13 Total Sales
1558 E 3rd St Newberg, OR 97132
--
Bed
--
Bath
13,200
Sq Ft
0.69
Acres
Highlights
- Zoned Heating
- Level Lot
- Lap Siding
About This Home
As of May 2025A 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
GA Cooke Real Estate Services License #780303551 Listed on: 09/19/2024
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
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
| 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 |
|---|---|---|---|---|
| 2025 | $12,117 | $750,901 | -- | -- |
| 2024 | $11,654 | $729,030 | -- | -- |
| 2023 | $11,254 | $707,796 | $0 | $0 |
| 2022 | $10,952 | $687,181 | $0 | $0 |
| 2021 | $10,655 | $667,166 | $0 | $0 |
| 2020 | $9,595 | $647,734 | $0 | $0 |
| 2019 | $9,466 | $628,868 | $0 | $0 |
| 2018 | $9,517 | $610,551 | $0 | $0 |
| 2017 | $9,604 | $570,773 | $0 | $0 |
| 2016 | $9,691 | $570,773 | $0 | $0 |
| 2015 | $9,447 | $549,999 | $0 | $0 |
| 2014 | $9,072 | $549,999 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Glenna Cooke
-
Jessica Kaur
J
Buyer's Agent in 2025
Jessica Kaur
Knipe Realty ERA Powered
(360) 961-8167
17 Total Sales
-
Tyler Gerding
Seller's Agent in 2016
Tyler Gerding
Pounder Realty LLC
(503) 467-8901
-
Grayson Pounder
Buyer's Agent in 2016
Grayson Pounder
Pounder Realty LLC
(503) 467-8901
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24507209
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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 © 2026 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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