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$475,000 Just Listed
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Property Description
Exceptional investment opportunity in the heart of downtown McMinnville! This charming commercial property offers incredible flexibility for investors or owner-occupants alike. Currently configured as professional office space, the main floor features a welcoming reception area and six private office spaces, creating an ideal setup for a variety of business uses. The lower level includes additional valuable amenities with ample storage, a conference room, kitchen, and full bath-perfect for day-to-day convenience and functionality.Whether you're looking to establish your own business headquarters, lease individual office spaces for income potential, or create a mixed-use investment strategy, this property offers endless possibilities. Three dedicated parking spaces add convenience, while the prime location just two blocks from Historic 3rd Street places you near McMinnville's vibrant downtown shops, restaurants, and services. With easy access to Adams and Baker Streets, this is a rare opportunity to secure a versatile property in one of McMinnville's most desirable commercial locations!
Full Property Details
Full Property Details for 319 NE 5th St
General
- Price: $475,000
- Taxes: $3,681 (2025)
- Status: Active
- Type: Office
- Source: RWMLS
- MLS ID: 598988304
- Updated: 5/11/2026
- Added to Site: 4 day(s) ago
Additional Information
- Equipment: Security System
Parking
- Total Spaces: 3
- Parking Features: On Site, Paved
Location
- County: Yamhill
- Driving Directions: Adams or Baker to 5th St
Community
- Community Name: 156 - Yamhill County including Willamina
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
- Heating Fuel: Electricity
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- # Buildings: 1
- Property Detached: Yes
- Construction: Vinyl Siding
- Roof: Composition
- Stories/Levels: 2
- Square Feet: 1,834
- Current Bldg. Use: Office, Professional Service
- Year Built: 1900
- Property Condition: Existing
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,227
- Lot Size: 5, 000 to 6, 999 SqFt
- Frontage: Paved
Financial Considerations
- Tax Amount: $3,681.48
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: LOT 2 - BLOCK 1 IN COURT ADDITION
- Property ID: 159562
Listed by Baker Street Real Estate, LLC (503) 472-0576, Jennifer Feero (503) 708-2658
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Schools
Schools serving 319 NE 5th St
School District:McMinnville School District 40
| Name | Grades | Distance |
|---|---|---|
Memorial Elementary School 501 Northwest 14th Street, McMinnville, OR 97128 | K-5 | 0.6 mi |
Patton Middle School 1175 Northeast 19th Street, McMinnville, OR 97128 | 6-8 | 0.9 mi |
Mcminnville High School 615 Northeast 15th Street, McMinnville, OR 97128 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 319 NE 5th St
Date
Details
Price
Change
Source
5/11/2026
Listed
$475,000
187.88%
MLS
1/02/1997
Sold
$165,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 319 NE 5th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,681
6%
$206,747
3%
2024
$3,489
6%
$200,725
3%
2023
$3,294
6%
$194,879
3%
2022
$3,120
—
$189,203
36%
2022
$3,120
100%
$139,392
3%
2020
—
$135,332
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 319 NE 5th St
319 NE 5th St, McMinnville, OR 97128 (MLS# 598988304) is a Office property. 319 NE 5th St is currently listed for $475,000 and was received on May 11, 2026. Want to learn more about 319 NE 5th St? Do you have questions about finding other Office real estate for sale in McMinnville? You can browse all McMinnville real estate or contact a Coldwell Banker agent to request more information.

