240 SE DAVIS ST, McMinnville, OR 97128 | MLS #777192214 | Cascade Hasson Sotheby’s International Realty
 
Listing provided courtesy of Coldwell Banker ProfessionalMLS# 777192214MLS Provider
  • 348 days on site
  • 21 views

This 1914 home presents a rare opportunity to restore a piece of McMinnville history. Located approximately 0.2 miles from Historic Downtown McMinnville, one block from the McMinnville Farmers Market, and 0.6 miles from Linfield University, the property offers convenient access to shops, restaurants, tasting rooms, parks, and Highway 99W. Situated on an approximately 8,276 sq ft lot and zoned R4 Multifamily, the property presents opportunities for redevelopment, investment, or restoration, subject to buyer due diligence. Many original architectural features remain, including fir floors, plaster walls, wood windows, and vintage kitchen cabinetry. Listed on McMinnville's Historic Homes Registry (Tier 2), the home retains much of its original character, with exterior modifications subject to historic review requirements.Recent improvements include tuck-pointing and installation of a new heating system. Air conditioning may be added. The second floor previously accommodated additional bedrooms and may offer future expansion potential, subject to permits and approvals. A detached garage provides storage, workshop space, or future use potential. The full unfinished basement offers substantial storage and future finishing potential. With numerous windows and a separate exterior entrance, the space may accommodate expanded living, recreation, workspace, or hobby areas, subject to permits and approvals.The property requires substantial rehabilitation. All plumbing has been removed, the electrical system requires replacement, bathrooms have been stripped, and water, sewer, and electrical services are not currently connected. Interior conditions may be unsafe; buyers should exercise caution when viewing. Property is being sold strictly AS-IS. An exceptional opportunity for investors, contractors, developers, or restoration-minded buyers seeking a historic property in the heart of Oregon wine country with R4 multifamily zoning and proximity to downtown amenities.

Source: Regional MLS, MLS#: 777192214

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  • Property Type
    Residential
  • Lot
    0.19 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
5/18/2026Source: Willamette Valley MLS Added to Database
May 18, 2026
1/30/2026Source: Regional MLS Price Reduction
$390,000 -7.1%
7/16/2025Source: Regional MLS Added to Database
July 16, 2025