# 404 SW ELMWOOD Ave, McMinnville, OR 97128

> **TL;DR:** 10bd/4ba residential multi family, $914,900, built 1950.
> View. Est. $3,965/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $914,900 |
| Bedrooms | 10 |
| Bathrooms | 4 full |
| Year Built | 1950 |
| Lot Size | 13,068 sqft (0.30 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Why This Home Stands Out

- **Views** - Territorial

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,965 |
| **Total** | **$3,965** |

## Nearby Schools

- **Elementary:** Newby
- **Middle:** Duniway
- **High:** McMinnville

## Key Amenities

- View

## Property Highlights

- Built in 1950
- 0.30 acre lot

## Description

### Agent Description
Exceptional investment opportunity in the heart of McMinnville! This extensively renovated four-unit property has been tastefully transformed from top to bottom, offering significant property tax savings and strong, reliable cash flow.No detail was overlooked! Each unit has been gutted and rebuilt with new plumbing, electrical systems, fixtures, finishes, and modern updates throughout. The result is four charming, move-in-ready residences that tenants love to call home.Located just a short walk from downtown McMinnville's shops, restaurants, tasting rooms, and entertainment, these highly desirable units offer a rare combination of convenience and outdoor space. Each residence enjoys a spacious yard - an amenity seldom found in multifamily properties and highly valued by tenants.Units are well-appointed with appliances included, washer and dryer hookups, abundant storage, and attractive finishes throughout. Best of all, the property is fully leased with excellent rental income already in place, making this a truly turnkey investment.Whether you're looking to expand your portfolio or secure a low-maintenance income-producing asset, this is an opportunity you won't want to miss.

## Location

- **Address:** 404 SW ELMWOOD Ave, McMinnville, OR 97128
- **County:** Yamhill
- **Coordinates:** 45.206333, -123.202228
- **Google Maps:** https://www.google.com/maps?q=45.206333,-123.202228

## Listing Agent

- **Name:** Devri Doty
- **Brokerage:** Windermere Pacific Crest Realty
- **Phone:** 5034357165
- **Email:** devridoty30@gmail.com

## Primary Photo

![404 SW ELMWOOD Ave - Primary Photo](http://lh.rdcpix.com/7f6d5ff029530ac01b7fa0fa7bf89a85l-f4221787883r.jpg)

*18 total photos available on [listing page](https://www.propertysimple.com/listing/404-sw-elmwood-ave-mcminnville-or-97128-16006147)*

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**MLS#:** 316006147 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/404-sw-elmwood-ave-mcminnville-or-97128-16006147)

---

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