507 NE DAVIS ST, McMinnville, OR 97128 | MLS #262186389 | Cascade Hasson Sotheby’s International Realty
 
Listing provided courtesy of Bella Casa Real Estate GroupMLS# 262186389MLS ProviderContact Information: 971-241-9647
  • 267 days on site
  • 16 views

Prime Investment Opportunity in the Heart of Historic McMinnville! Located just steps from McMinnville's charming downtown, this beautifully updated multi-unit property offers the perfect blend of historic character, modern upgrades, and strong income potential. Walk score of 92. With unbeatable proximity to restaurants, shops, tasting rooms, and local attractions, this is truly a gem in one of Oregon's most vibrant communities. The property features five uniquely designed apartments, two of which are successful short-term rentals with a proven track record of income. Each unit showcases custom finishes, stylish wallpaper, fresh paint, updated window coverings, and newly renovated kitchens and bathrooms in four of the units. Comfort is key with new ductless heat pumps installed throughout. The basement offers potential'currently set up as a shared common space with a kitchen, it could easily be transformed into private storage lockers for tenants or wine lockers for guests. Additional perks include updated wiring for an EV charging station, appealing to tenants and travelers alike. Whether you're looking to expand your investment portfolio or step into a thriving short-term rental market, this property offers location, charm, and versatility all in one.

Source: Regional MLS, MLS#: 262186389

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  • Property Type
    Residential Income
  • Lot
    0.18 acres

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  • Median Age
    40
  • Population Density
    358
  • College Educated
    37%
  • Estimated Median Income
    $54,983
  • Estimated Total Home Owners
    9,374
  • Estimated Total Renters
    5,015
  • Owner / Renter Divide
    65% / 35%
  • Estimated Average Household Size
    3
  • Total Population
    38,246
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

History

Date Event Value Agent
4/22/2026Source: Regional MLS Price Reduction
$1,290,000 -3.0%
4/10/2026Source: Regional MLS Status Change
Active
2/2/2026Source: Regional MLS Status Change
Pending
1/2/2026Source: Regional MLS Price Reduction
$1,330,000 -3.3%
10/6/2025Source: Regional MLS Added to Database
October 06, 2025
11/30/2023Source: Willamette Valley MLS - Sold Data Added to Database
November 30, 2023