This exceptional triplex, ideally situated in the heart of McMinnville, offers a rare opportunity for investors seeking strong, consistent cash flow. Professionally managed with a long history of great rental performance, this property ensures hassle-free ownership while maximizing returns.Each unit has been updated and well-maintained, attracting quality tenants and maintaining low vacancy rates. The prime location directly across from Linfield University makes it highly desirable for students, faculty and professionals, while its proximity to Michelbook Golf Course and downtown McMinnville adds to its broad tenant appeal.With its proven rental history, strategic location, and professional management, this turn-key investment is an outstanding addition to any portfolio. Don’t miss this chance to own a highly sought-after multifamily property in one of McMinnville’s most desirable neighborhoods!
Sold
$524,000
525 SW Fellows St, McMinnville, OR 97128
3beds
1,650sqft
Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$318/sqft
$2,882 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,882/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Steve Nassar 503-805-5582,
Premiere Property Group, LLC,
Sydney Taggart 503-568-5522,
Premiere Property Group, LLC
Bought with:
Steve Nassar, 201202032
Premiere Property Group, LLC
Source: RMLS (OR),MLS#: 706376167
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard
Cooling
- None
Appliances
- Included: Microwave, Range, Refrigerator, Washer/Dryer, Electric Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 1,650
- Total interior livable area: 1,650 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Lot
- Size: 6,969 Square Feet
- Features: Private, SqFt 5000 to 6999
Details
- Parcel number: 155209
- Zoning: R4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Community
- Security: Unknown
HOA
- Has HOA: No
Location
- Region: Mcminnville
Financial & listing details
- Price per square foot: $318/sqft
- Tax assessed value: $390,111
- Annual tax amount: $3,687
- Date on market: 2/19/2025
- Cumulative days on market: 48 days
- Listing terms: Cash,Conventional
- Total actual rent: 4000
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2025 | Listing removed | $1,550$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/30/2025 | Price change | $1,550-3.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/19/2025 | Listed for rent | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/30/2025 | Sold | $524,000-2.8%$318/sqft |
Source:  RMLS (OR) #706376167 Report a problem | ||
| 4/8/2025 | Pending sale | $539,000$327/sqft |
Source: RMLS (OR) #706376167 Report a problem | ||
| 4/4/2025 | Listed for sale | $539,000$327/sqft |
Source: RMLS (OR) #706376167 Report a problem | ||
| 3/16/2025 | Pending sale | $539,000$327/sqft |
Source: RMLS (OR) #706376167 Report a problem | ||
| 3/6/2025 | Listed for sale | $539,000$327/sqft |
Source: RMLS (OR) #706376167 Report a problem | ||
| 2/23/2025 | Pending sale | $539,000$327/sqft |
Source: RMLS (OR) #706376167 Report a problem | ||
| 2/19/2025 | Listed for sale | $539,000+10.2%$327/sqft |
Source: RMLS (OR) #706376167 Report a problem | ||
| 5/31/2023 | Sold | $489,000$296/sqft |
Source: RMLS (OR) #23569012 Report a problem | ||
| 5/5/2023 | Pending sale | $489,000$296/sqft |
Source: RMLS (OR) #23569012 Report a problem | ||
| 5/3/2023 | Listed for sale | $489,000+307.5%$296/sqft |
Source: RMLS (OR) #23569012 Report a problem | ||
| 2/7/2020 | Sold | $120,000-33.3%$73/sqft |
Source: RMLS (OR) #19562584 Report a problem | ||
| 12/12/2019 | Pending sale | $180,000$109/sqft |
Source: Willamette West Realtors #19562584 Report a problem | ||
| 11/9/2019 | Price change | $180,000-10%$109/sqft |
Source: Willamette West Realtors #19562584 Report a problem | ||
| 9/30/2019 | Listed for sale | $200,000$121/sqft |
Source: Willamette West Realtors #19562584 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,891 +5.5% | $218,518 +3% |
| 2024 | $3,687 +5.9% | $212,153 +3% |
| 2023 | $3,481 +57.9% | $205,974 +54.1% |
| 2022 | $2,204 +2.4% | $133,649 +3% |
| 2021 | $2,152 +0.8% | $129,756 +3% |
| 2020 | $2,135 +2.8% | $125,977 +3% |
| 2019 | $2,077 +2% | $122,308 +3% |
| 2018 | $2,036 | $118,746 +3% |
| 2017 | $2,036 +7.5% | $115,287 +3% |
| 2016 | $1,895 | $111,929 +8.2% |
| 2015 | $1,895 +8% | $103,428 +8.4% |
| 2014 | $1,754 +1.1% | $95,456 -9.7% |
| 2013 | $1,735 -2.3% | $105,702 -1.8% |
| 2012 | $1,776 -0.9% | $107,667 -0.7% |
| 2011 | $1,792 0% | $108,427 -0.2% |
| 2010 | $1,792 +1.7% | $108,670 +3% |
| 2009 | $1,763 +4.3% | $105,505 +3% |
| 2008 | $1,690 +2.4% | $102,432 +3% |
| 2007 | $1,651 +10.7% | $99,448 +3% |
| 2006 | $1,491 +10.6% | $96,552 +16.4% |
| 2005 | $1,348 -9.7% | $82,984 -11.5% |
| 2004 | $1,493 -6.3% | $93,740 +3% |
| 2003 | $1,593 +4.3% | $91,009 +3% |
| 2002 | $1,528 +4.1% | $88,358 +3% |
| 2001 | $1,468 +3.9% | $85,784 +3% |
| 2000 | $1,412 | $83,286 |
Find assessor info on the county website
Neighborhood: 97128
Nearby homes
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- $452,0003 bd2 ba1.5k sqft835 SW Blaine St, McMinnville, OR 97128Off Market
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Nearby schools
GreatSchools rating
- 4/10Columbus Elementary SchoolGrades: K-5Distance: 0.7 mi
- 8/10Duniway Middle SchoolGrades: 6-8Distance: 0.8 mi
- 9/10Mcminnville High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Columbus
- Middle: Duniway
- High: Mcminnville
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Oregon
- Yamhill County
- McMinnville
- 97128
- 525 SW Fellows St
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