Charming 1948, 2 unit home in the heart of McMinnville, close to Linfield University, and just blocks away from McMinnville's historic Third Street and award winning wineries and restaurants. Located in a quiet, walkable neighborhood near parks, cafes, and transit, this well kept investment opportunity has a newer roof, flooring (carpet and vinyl) and interior and exterior paint. Long term and stable tenants. Includes two backyard sheds for tenant storage, and paved off street parking for 2 cars. New window A/C in both units. Excellent opportunity for first-time buyers or experienced rental investors alike. Don't pass up this opportunity to pick up an occupied rental investment and begin building or add to your portfolio!
Sold
$385,000
547 SE Cowls St, McMinnville, OR 97128
2beds
1,022sqft
Multi Family
Built in 1948
-- sqft lot
$389,700 Zestimate®
$377/sqft
$1,533 Estimated rent
Home value
$389,700
$351,000 - $433,000
$1,533/mo
Zestimate® history
Owner options
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$2,350/mo
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List your homeWhat's special
Backyard shedsInterior and exterior paintPaved off street parkingNewer roof
Zillow last checked:
Listing updated:
Listed by:
Catherine Summers 971-219-9858,
Bella Casa Real Estate Group
Bought with:
OR and WA Non Rmls, NA
Non Rmls Broker
Source: RMLS (OR),MLS#: 252811727
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard
Cooling
- Window Unit(s), Air Conditioning
Appliances
- Included: Range, Refrigerator, Washer/Dryer, Electric Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 1,022
- Total interior livable area: 1,022 sqft
Property
Parking
- Total spaces: 2
- Parking features: Open, Paved
- Has uncovered spaces: Yes
Features
- Stories: 1
- Has view: Yes
- View description: Park/Greenbelt
Lot
- Size: 5,662 Square Feet
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: 164495
- Zoning: R4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Existing
- Year built: 1948
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Location
- Region: Mcminnville
Financial & listing details
- Price per square foot: $377/sqft
- Tax assessed value: $252,573
- Annual tax amount: $2,416
- Date on market: 7/31/2025
- Cumulative days on market: 13 days
- Listing terms: Cash,Conventional,FHA
- Total actual rent: 2110
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2025 | Sold | $385,000-3.8%$377/sqft |
Source:  RMLS (OR) #252811727 Report a problem | ||
| 8/14/2025 | Pending sale | $400,000$391/sqft |
Source: RMLS (OR) #252811727 Report a problem | ||
| 7/31/2025 | Listed for sale | $400,000+115.1%$391/sqft |
Source: RMLS (OR) #252811727 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/28/2018 | Listing removed | $850$1/sqft |
Source: Owner Report a problem | ||
| 9/26/2018 | Listed for rent | $850$1/sqft |
Source: Owner Report a problem | ||
| 8/4/2017 | Sold | $186,000$182/sqft |
Source: RMLS (OR) #17125826 Report a problem | ||
| 7/4/2017 | Pending sale | $186,000$182/sqft |
Source: Premiere Property Group, LLC #17125826 Report a problem | ||
| 6/26/2017 | Price change | $186,000+8.8%$182/sqft |
Source: Premiere Property Group, LLC #17125826 Report a problem | ||
| 6/5/2017 | Pending sale | $170,900$167/sqft |
Source: Premiere Property Group, LLC #17125826 Report a problem | ||
| 6/2/2017 | Listed for sale | $170,900$167/sqft |
Source: Premiere Property Group, LLC #17125826 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,550 +5.5% | $143,182 +3% |
| 2024 | $2,416 +5.9% | $139,012 +3% |
| 2023 | $2,281 +5.6% | $134,963 +3% |
| 2022 | $2,161 +2.4% | $131,032 +3% |
| 2021 | $2,110 +0.8% | $127,216 +3% |
| 2020 | $2,093 +2.8% | $123,511 +3% |
| 2019 | $2,036 +2% | $119,914 +3% |
| 2018 | $1,996 | $116,421 +3% |
| 2017 | $1,996 +7.5% | $113,030 +3% |
| 2016 | $1,858 | $109,738 +3% |
| 2015 | $1,858 +2.5% | $106,543 +3% |
| 2014 | $1,812 +6.3% | $103,441 +0.1% |
| 2013 | $1,704 +2.5% | $103,380 +3% |
| 2012 | $1,662 +2.8% | $100,370 +3% |
| 2011 | $1,617 +3.7% | $97,448 +3% |
| 2010 | $1,560 +1.7% | $94,611 +3% |
| 2009 | $1,535 +4.3% | $91,855 +3% |
| 2008 | $1,471 +2.4% | $89,180 +3% |
| 2007 | $1,437 +10.7% | $86,582 +3% |
| 2006 | $1,298 -2.5% | $84,060 +3% |
| 2005 | $1,331 +5.5% | $81,612 +3% |
| 2004 | $1,262 -6.3% | $79,235 +3% |
| 2003 | $1,347 +4.3% | $76,927 +3% |
| 2002 | $1,291 +4.1% | $74,687 +3% |
| 2001 | $1,241 +3.9% | $72,512 +3% |
| 2000 | $1,194 | $70,400 |
Find assessor info on the county website
Neighborhood: 97128
Nearby homes
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Nearby schools
GreatSchools rating
- 4/10Sue Buel ElementaryGrades: K-5Distance: 0.7 mi
- 8/10Duniway Middle SchoolGrades: 6-8Distance: 0.8 mi
- 9/10Mcminnville High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Buel
- 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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Estimated market value
$389,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$389,700
- Oregon
- Yamhill County
- McMinnville
- 97128
- 547 SE Cowls St
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