About 507 Ne Davis St
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.
Features of 507 Ne Davis St
| MLS® # | 262186389 |
|---|---|
| Price | $1,375,000 |
| Bathrooms | 0.00 |
| Square Footage | 5,350 |
| Acres | 0.18 |
| Year Built | 1940 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 507 Ne Davis St |
|---|---|
| Area | 156 - Yamhill County including Willamina |
| City | McMinnville |
| County | Yamhill |
| State | OR |
| Zip Code | 97128 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Parking | Driveway, Off Street |
| View | City |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Ductless, Mini Split, Wall Heater |
|---|---|
| Cooling | Heat Pump |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | Yes |
| Basement | Finished, Separate Living Quarters/Apartment/Aux Living Unit, Storage Space |
Exterior
| Exterior | Brick, Wood Siding |
|---|---|
| Lot Description | Corner Lot, Level |
| Roof | Composition |
| Foundation | Concrete Perimeter |
School Information
| Elementary | Memorial |
|---|---|
| Middle | Patton |
| High | McMinnville |
Additional Information
| Date Listed | October 6th, 2025 |
|---|---|
| Days on Market | 19 |
| Zoning | C-3 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Bella Casa Real Estate Group |
|---|---|
| Contact Info | 971-241-9647 |