For Sale190d on market
507 NE Davis St
McMinnville, OR, 97128 • 97128 • Yamhill County
$1,330,000
$249/sqft
-$45,000 since Jan 2, 2026
9Beds
6Baths
5,350Sqft
0.18 acLot
1940Built
Property DNA
City Views
City
Character Home
Built 1940 · 86 years of history
Enhanced Security
Entry · Fire Sprinkler System
Hardwood Floors
Quality flooring throughout
This home is getting attention
Listed 190 days ago · 255 views · 11 saves
Market activity
Demand and pricing signals for this listing
255 views
People checking out this listing
11 saves
Buyers have saved this home
190 days on market
Established listing
$249/sqft
Price per square foot
About this home
Multi Family · Built 1940
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.
Standout features identified
Our analysis highlights modern upgrades, stylish wallpaper, and fresh paint as key attractions of this home.
Estimated monthly payment
Based on current rates
$8,674/month
Principal & Interest$6,901
Property Tax$1,330
Insurance$443
Down payment20% ($266,000)
3%50%
Est. 6.75% rate · 30yr fixed · $1,064,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1940
HeatingDuctless, Mini Split
CoolingHeat Pump, Air Conditioning
Parking5 Open Parking spaces
Days on Zillow190 Days
Price/sqft$249
Property
Home typeMulti Family
Sub-typeMulti Family
ConditionUpdated/Remodeled
Year built1940
Stories2
Systems
HeatingDuctless, Mini Split
CoolingHeat Pump, Air Conditioning
RoofComposition
ConstructionBrick, Wood Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingDriveway, Off Street
BasementFinished,Separate Living Quarters Apartment Aux Living Unit,Storage Space
Lot7,840 sqft
Location & Tax
Neighborhood97128
ZoningC-3
Annual tax$4,054
Parcel159580
Bathrooms & Fees
Full baths5
Partial baths1
Features & details
13 categories of property features
Interior Features
Appliances
Refrigerator
Gas Water Heater
Flooring
Hardwood
Heating
Ductless
Mini Split
Cooling
Heat Pump
Air Conditioning
Laundry
Common Area
Windows
Window Coverings
Exterior Features
Parking
Driveway
Off Street
Construction
Brick
Wood Siding
Lot Features
Corner Lot
Level
SqFt 7000 to 9999
Community
All Landscaping
Laundry
Security
Entry
Fire Sprinkler System
Views
City
Gas
Gas
Listing insights
Market data and value estimates
StatusFor Sale
Days on market190
Tax rate0.73%
Price/sqft$249
On marketOct 6, 2025
PostedOct 6, 2025
Last sold$918,500
MLS statusActive
MLS updatedApr 14, 2026
Tour days9
Views255
Favorites11
How are the schools in McMinnville?
3 schools rated nearby
Location
McMinnville, OR, 97128
Price history
13 events
DateEventPrice$/sqftSource
Apr 10, 2026Listed For Sale$1,330,000$249RMLS (OR)
Feb 2, 2026Pending Sale$1,330,000$249RMLS (OR)
Jan 2, 2026Price Change$1,330,000$249RMLS (OR)
Oct 6, 2025Listed For Sale$1,375,000$257RMLS (OR)
Nov 29, 2021Sold$918,500$172RMLS (OR)
Aug 28, 2021Pending Sale$1,050,000$196RMLS (OR)
Jan 16, 2018Listing Removed$1,100—Wild Haven Property Management Company
Jan 12, 2018Listed For Rent$1,100—Wild Haven Property Management Company
Jan 8, 2016Listing Removed$975—Wild Haven Property Management Company
Nov 10, 2015Price Change$975—Wild Haven Property Management Company
Oct 13, 2015Listed For Rent$995—Wild Haven Property Management Company
Oct 1, 2014Listing Removed$950—Wild Haven Property Management Company
Sep 5, 2014Listed For Rent$950—Wild Haven Property Management Company
Listed For Sale$1,330,000
Apr 10, 2026•$249/sqft•RMLS (OR)
Pending Sale$1,330,000
Feb 2, 2026•$249/sqft•RMLS (OR)
Price Change$1,330,000
Jan 2, 2026•$249/sqft•RMLS (OR)
Listed For Sale$1,375,000
Oct 6, 2025•$257/sqft•RMLS (OR)
Sold$918,500
Nov 29, 2021•$172/sqft•RMLS (OR)
Pending Sale$1,050,000
Aug 28, 2021•$196/sqft•RMLS (OR)
Listing Removed$1,100
Jan 16, 20180•Wild Haven Property Management Company
Listed For Rent$1,100
Jan 12, 20180•Wild Haven Property Management Company
Listing Removed$975
Jan 8, 20160•Wild Haven Property Management Company
Price Change$975
Nov 10, 20150•Wild Haven Property Management Company
Listed For Rent$995
Oct 13, 20150•Wild Haven Property Management Company
Listing Removed$950
Oct 1, 20140•Wild Haven Property Management Company
Listed For Rent$950
Sep 5, 20140•Wild Haven Property Management Company
Nearby homes
Neighborhood details
Local context around this listing
McMinnville, OR • Yamhill County
Nearby cities
AmityCarltonDaytonDundeeLafayetteMcMinnvilleNewbergSheridan
Nearby zip codes
97128
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