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Corbin & Vollstedt Group

contact@cvghome.com +1(541) 650-3556

Listed by Coldwell Banker Professional

$756,000

Est. payment - /mo

5 Beds

3 Baths

3,971 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,971 sqft

Price per Sqft $190

MLS Listing ID 597861007

Style Mid Century Modern, Tri Level

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1950

Annual Tax Amount $5,165

Tax Year 2025

Lot Size 0.280 Acres

Property Sub-Type Single Family Residence

Property Description

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 _156

Rooms

Basement Finished, Separate Living Quarters Apartment Aux Living Unit, Storage Space

Interior

Interior Features Floor3rd, Accessory Dwelling Unit, Hardwood Floors, Separate Living Quarters Apartment Aux Living Unit, Washer Dryer

Heating Baseboard, Gas Stove, Radiant

Cooling None

Fireplaces Number 2

Fireplaces Type Gas, Wood Burning

Appliance Disposal, Free Standing Gas Range, Free Standing Refrigerator, Range Hood, Tile

Exterior

Exterior Feature Accessory Dwelling Unit, Deck, Porch, Yard

Parking Features Carport

Roof Type Composition,Metal

Garage Yes

Building

Lot Description Gentle Sloping

Story 3

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 3

Schools

Elementary Schools Memorial

Middle Schools Duniway

High Schools Mcminnville

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

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Corbin & Vollstedt Group

+1(541) 650-3556

Owner/Admin | License ID: 200812045

Owner/Admin License ID: 200812045

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540 NW 9TH ST Mc Minnville, OR 97128

Corbin & Vollstedt Group

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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540 NW 9TH ST