309 W Sherman St Newberg, OR 97132
Highlights
- Private Lot
- No HOA
- Storage
- Territorial View
- Cooling System Mounted In Outer Wall Opening
- Zoned Heating
About This Home
As of February 2025PRICE REDUCED! Fantastic investment opportunity in Newberg! This 1616SF duplex is two units. One unit on the main floor features a living room, kitchen, 2 bedrooms,1 bathroom and it also features an upstairs bonus room and has 989 square feet. It currently rents for $1820/mo. The second unit features 1 bedroom and 1 bathroom with and it's own laundry and has approx. 627sf. It currently rents for $1400/mo. This property has two backyards and a 1 car attached garage. Nice front porch and is close to downtown Newberg.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,852
Year Built
- Built in 2001 | Remodeled
Lot Details
- 4,356 Sq Ft Lot
- Private Lot
- Level Lot
Parking
- 1 Car Garage
- Driveway
Home Design
- Composition Roof
- Lap Siding
- Cement Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,616 Sq Ft Home
- 2-Story Property
- Storage
- Washer and Dryer Hookup
- Territorial Views
- Crawl Space
Schools
- Edwards Elementary School
- Chehalem Valley Middle School
- Newberg High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Zoned Heating
- Heating System Uses Gas
- Gas Water Heater
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 517888
Community Details
Overview
- No Home Owners Association
- 2 Units
- Newberg Subdivision
Building Details
- Operating Expense $5,051
- Gross Income $38,640
- Net Operating Income $33,589
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/20/2025 02/20/25 | Sold | $499,900 | 0.0% | $309 / Sq Ft |
| 01/16/2025 01/16/25 | Pending | -- | -- | -- |
| 01/11/2025 01/11/25 | Price Changed | $499,900 | -3.7% | $309 / Sq Ft |
| 12/14/2024 12/14/24 | Price Changed | $519,000 | -2.1% | $321 / Sq Ft |
| 11/22/2024 11/22/24 | Price Changed | $529,900 | -3.7% | $328 / Sq Ft |
| 11/01/2024 11/01/24 | For Sale | $550,000 | +29.4% | $340 / Sq Ft |
| 09/27/2022 09/27/22 | Sold | $425,000 | 0.0% | $263 / Sq Ft |
| 08/13/2022 08/13/22 | Pending | -- | -- | -- |
| 07/20/2022 07/20/22 | For Sale | $425,000 | -- | $263 / Sq Ft |
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 | $3,852 | $240,946 | -- | -- |
| 2023 | $3,719 | $233,928 | $0 | $0 |
| 2022 | $3,495 | $219,295 | $0 | $0 |
| 2021 | $3,400 | $212,908 | $0 | $0 |
| 2020 | $3,062 | $206,707 | $0 | $0 |
| 2019 | $3,021 | $200,686 | $0 | $0 |
| 2018 | $3,037 | $194,841 | $0 | $0 |
| 2017 | $3,228 | $189,166 | $0 | $0 |
| 2016 | $3,162 | $183,656 | $0 | $0 |
| 2015 | $3,106 | $178,309 | $0 | $0 |
| 2014 | $2,897 | $173,117 | $0 | $0 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $349,930 | New Conventional | |
| Previous Owner | $340,000 | New Conventional | |
| Previous Owner | $157,115 | New Conventional | |
| Previous Owner | $185,102 | New Conventional | |
| Previous Owner | $222,000 | Purchase Money Mortgage | |
| Previous Owner | $149,600 | Stand Alone First | |
| Previous Owner | $15,807 | Unknown | |
| Closed | $37,400 | No Value Available |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $499,900 | Ticor Title | |
| Warranty Deed | $425,000 | First American Title | |
| Warranty Deed | $181,400 | First American Title | |
| Warranty Deed | $124,000 | First American Title | |
| Warranty Deed | $222,000 | First American Title | |
| Trustee Deed | $174,600 | None Available | |
| Warranty Deed | $187,000 | Ticor Title Insurance Co |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24173649
APN: 517888
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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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