$2,700,000

615 N Elliott Rd Newberg, OR 97132

Estimated payment $15,835/month

Total Views 12,262
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Garage
  • Wood Siding
  • No Heating

About This Home

Elliott Estates is a well maintained townhome community located five blocks from George Fox University in Newberg, Oregon. The property contains ten townhomes with attached garages, washer/dryer hookups, plus additional land to potentially add more density. In-place rental rates range from $1,505 - $1,900 per month. Residents are charged a flat rate utility bill back for water and sewer and manage their own garbage pickup.

Listing Agent

David Keys

Norris & Stevens Investment Real Estate Services Brokerage Email: DavidK@norris-stevens.com License #820600052

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,183

Year Built

  • Built in 1996

Lot Details

  • 0.95 Acre Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space

Parking

  • Garage
  • Off-Street Parking

Schools

  • Mountain View Middle School
  • Newberg High School

Utilities

  • No Cooling
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 38499

Community Details

Overview

  • 10 Units

Building Details

  • Operating Expense $76,570
  • Gross Income $218,090
  • Net Operating Income $141,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,183

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1996
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 20,000 SqFt to .99 Acres
  • View: No
  • Road Surface Type: Concrete
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage, OffStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • High School: Newberg
  • Middle Or Junior School: Mountain View

Lot Info

  • Zoning: R-2
  • Lot Size Acres: 0.95
  • Lot Size Sq Ft: 41382.0
  • Parcel #: 38499
  • Assessor Parcel Number 2: 504214
  • Assessor Parcel Number 3: 504211

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 9183.37

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 10
  • Gross Rent Multiplier: 12.38
  • Annual Gross Income: 218090.0
  • Property Net Operating Income: 141520.0
  • Annual Operating Expense: 76570.0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,183 $574,499 -- --
2023 $8,868 $557,766 $0 $0
2022 $8,630 $541,520 $0 $0
2021 $8,397 $525,748 $0 $0
2020 $7,561 $510,435 $0 $0
2019 $7,459 $495,568 $0 $0
2018 $7,500 $481,134 $0 $0
2017 $7,972 $467,120 $0 $0
2016 $7,809 $453,515 $0 $0
2015 $7,669 $440,307 $0 $0
2014 $7,154 $427,484 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2025 02/12/25 For Sale $2,700,000 -- --
Source: Regional Multiple Listing Service (RMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $357,000 Cte
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 564483777

Regional Multiple Listing Service (RMLS)

APN: 38499