$498,750
SOLD MAY 14, 2025

504 E 9th 10 St Newberg, OR 97132

-- Bed
-- Bath
1,536 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$325 Per Sq Ft

5% Below List Price

223 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • 1-Story Property
  • 2 Car Attached Garage
  • Level Lot
  • 4-minute walk to Newberg Dog Park

About This Home

As of May 2025

Discover the perfect investment opportunity or starter home! This well-maintained duplex is situated in a peaceful neighborhood and features two units, each offering 2 bedrooms and 1 bathroom. Newberg is a great place to invest in a duplex. The town is home to George Fox University, bringing in many students and faculty looking for rentals. The area's growing population and stable economy mean there’s always a demand for housing. Plus, the natural beauty and wine country location make it an attractive place to live. Investing in a duplex here could be a smart move for steady rental income. Units have new breaker panels and either have or are wired for cadet heaters. Roof is only 5yrs old.

Last Agent to Sell the Property

Felicity Cortese

Keller Williams Realty Portland Premiere License #201231505 Listed on: 08/24/2024

Keller Williams Realty Portland Premiere

Last Buyer's Agent

Shannon Howard

Berkshire Hathaway HomeServices NW Real Estate License #201225909

Berkshire Hathaway HomeServices NW Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,295

Year Built

  • Built in 1972

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

  • Edwards Elementary School
  • Chehalem Valley Middle School
  • Newberg High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 58555

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $17,500
  • Gross Income $31,745
  • Net Operating Income $14,245

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,295

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1972
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Edwards
  • High School: Newberg
  • Middle Or Junior School: Chehalem Valley

Lot Info

  • Zoning: R-3
  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4356.0
  • Parcel #: 58555

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 2295.28
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.71
  • Annual Gross Income: 31745.0
  • Property Net Operating Income: 14245.0
  • Annual Operating Expense: 17500.0

Range of Values:

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Average Value
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List Price
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
05/14/2025 05/14/25 Sold $498,750 0.0% $325 / Sq Ft
04/04/2025 04/04/25 Pending -- -- --
03/29/2025 03/29/25 Price Changed $498,750 -5.0% $325 / Sq Ft
08/24/2024 08/24/24 For Sale $525,000 -- $342 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24398811

Regional Multiple Listing Service (RMLS)