707 NE 5TH ST, McMinnville, OR 97128

Property Description

Fully leased 1,903 SF Victorian — 4 bedrooms, 2 baths, two full kitchens, and a fourth bedroom with wet bar that lets the floor plan divide cleanly into two independent living areas. Four off-street parking spaces, a rarity this close to Third Street. The building sits high on a corner lot two blocks from Third Street, two from the Yamhill County Courthouse, and two from the Granary District — with the elevation and frontage that make a building get noticed. Built in 1920, its turn-of-the-century detail has been carefully preserved. A single tenant currently leases the entire space and pays all utilities. Flexible O-R zoning keeps the other doors open: professional office, live-work, duplex, or extended corporate stays of 30 days or more. Buy the income, or step into it yourself.