- For Sale $2,399,000
- Property Type Multi-Family
- Property Size 12,743 SF
- Units 10
- Lot Size 0.95 Acre
- Year Built 1996
- Date Updated Apr 3, 2026
Description
Elliott Road represents a strategic corridor in Newberg, Oregon, connecting Highway 99W to Newberg High School. The area has been identified as a priority improvement zone in Newberg's Transportation System Plan, highlighting its importance to the city's development strategy.Elliott Estates is a well maintained townhome community located five blocks from George Fox University in Newberg, Oregon. The property contains ten townhomes with attached garages, washer/dryer hookups, plus additional land to potentially add more density. In-place rental rates range from $1,505 - $1,900 per month. Residents are charged a flat rate utility bill back for water and sewer and are responsible for their own garbage pickup.
Highlights
- 3 units partially updated (new appliances and LVT flooring)
- Attached garages
- Close proximity to George Fox University & Newberg High School
- Excess land for added density
- Roofs replaced in 2016
- Strong rental collections and historical occupancy
- Tenants pay for garbage
- Upside on in-place and asking rents
- Washer and dryer hookups in units
- Water/sewer billed back on RUBs
- Well maintained and professionally managed
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Contacts
David Chatfield
Norris & Stevens
Location
Contact Listing Broker
David Chatfield
Norris & Stevens