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Listed by STACEY MCGHEHEY • COLDWELL BANKER PROFESSIONAL GROUP • Cell: 971-237-9306

$ 744,900

Est. payment -/mo

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Price Dropped by $11K

540 9th St Mcminnville, OR 97128

5 Beds

4 Baths

3,971 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,971 sqft

Price per Sqft $187

MLS Listing ID 841185

Bedrooms 5

Full Baths 4

Year Built 1950

Annual Tax Amount $5,165

Tax Year 2025

Lot Size 0.280 Acres

Acres 0.28

Property Sub-Type Residence

Property Description

Location, Location, Location! Rare McMinnville property with 3 separate living spaces offering income potential or multi-generational living. Detached 660 SF cottage and lower-level suite currently rented below market. Main home features flexible layout, main-level bedroom, den, fireplace, steam shower/tub, loft, and spacious living areas. Recent updates include roof, windows, exterior paint & large deck. Beautiful .28-acre lot with mature trees, paths & peaceful outdoor spaces. Location, Location, Location - with Built-In Income Potential and Flexible Multi-Generational Living. This rare McMinnville property offers three separate living spaces and a unique opportunity to offset your mortgage while enjoying a spacious and character-filled home. The detached 660 sq ft cottage is currently rented below market and presents immediate upside as it becomes available soon. The lower-level suite provides additional income with an existing tenant in place, offering built-in cash flow from day one and a clear path for future rent growth. The main home welcomes you with a generous and flexible layout, featuring a main-level bedroom, den, and expansive living and dining areas with a cozy fireplace. The eclectic kitchen adds charm, while the main-level bath includes a relaxing steam shower/tub combo. Upstairs, you'll find two large bedrooms, an additional smaller room, loft space, and a full bathroom ideal for a variety of living arrangements. The basement level functions as a separate living space, complete with its own kitchen, bath, fireplace, studio and storage area perfect for extended living, guests, or supplemental income. Whether you're looking to live in one space and rent the others, accommodate multi-generational living, or gradually increase rental income over time, this property offers a rare combination of lifestyle flexibility and long-term financial opportunity. Recent updates include a new roof, new windows, refreshed exterior paint, and a stunning oversized deck. Set on a beautifully landscaped .28-acre lot with winding paths, mature trees, and peaceful outdoor spaces, the setting feels like a private retreat just minutes from everything McMinnville has to offer. Seller is the Estate of Derek Goad; listing agent is related. Buyer to perform due diligence on all aspects of the property including rental uses and income potential.

Location

State OR

County Yamhill

Area Os Outside 4 County Area

Rooms

Basement Finished

Primary Bedroom Level 1/Main

Interior

Hot Water Gas

Heating Gas, Electric, Stove, Floor Furnace, Baseboard, Radiant Floor

Cooling Gas, Electric, Stove, Floor Furnace, Baseboard, Radiant Floor

Flooring Tile, Wood

Fireplaces Type Gas, Living Room, Stove, Wood

Exterior

Parking Features None

Roof Type Composition

Garage No

Building

New Construction No

Schools

Middle Schools Duniway

High Schools Mcminnville

Others

Senior Community No

Acceptable Financing Cash, Conventional, Federal VA, FHA

Listing Terms Cash, Conventional, Federal VA, FHA

NEARBY SCHOOLS & PROPERTIES

Jared Hambrook

Principal Broker | License ID: 201211534

+1(503) 930-2124