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Listed by Oregon First
$ 899,900
Est. payment /mo
Price Dropped by $49K
206 NE JOHNSON ST Mc Minnville, OR 97128
1,953 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,953 sqft
Price per Sqft $460
MLS Listing ID 785094065
HOA Y/N No
Year Built 1972
Annual Tax Amount $5,356
Tax Year 2025
Lot Size 6,534 Sqft
Property Description
Turnkey Short Term Rental Triplex! Peak Season Begins in May - Buy today and host tomorrow! This is a rare opportunity to own a triplex with 3 fully furnished 2 bed/1 bath units, currently operating as successful short-term rentals.This income producing property features three single-level units, each offering 2 bedrooms and 1 bathroom, along with six off-street parking spaces. Every unit includes a private patio, in-unit washer and dryer, and new ductless heating and cooling systems for year-round comfort. All furniture, linens, kitchen supplies, and appliances are included, making this a truly turnkey investment ready for immediate operation. The low maintenance yard and exterior help keep ownership simple, while C3 zoning allows for a variety of uses. With peak season running May through October, the timing is ideal for capturing immediate STR income. Units A & C have demonstrated strong performance with 100+ five-star reviews. Unit B has only just been renovated and is now ready to rent. Recent updates include new heating and air conditioning systems, water heaters, appliances, and fresh interior paint, further enhancing the property's value and ease of ownership. Inquire with your CPA about a potential tax advantage of a cost segregation study!
Location
State OR
County Yamhill
Area _156
Zoning C-3
Rooms
Basement Crawl Space
Interior
Heating Ductless, Mini Split, Zoned
Cooling Heat Pump, Mini Split
Exterior
Roof Type Composition
Garage No
Building
Lot Description Corner Lot, Level
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Buel
Middle Schools Patton
High Schools Mcminnville
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
