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$645,000 -$5,000 (-0.77%) Price Reduced

  • For Sale
  • Active
  • Commercial Service
  • Updated 10 hours ago
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Seller financing available with sufficient down payment. Fully leased 1,903 SF Victorian - 4 bedrooms, 2 baths, two full kitchens, and a fourth bedroom with wet bar that lets the floor plan divide cleanly into two independent living areas. Four off-street parking spaces, a rarity this close to Third Street. The building sits high on a corner lot two blocks from Third Street, two from the Yamhill County Courthouse, and two from the Granary District - with the elevation and frontage that make a building get noticed. Built in 1920, its turn-of-the-century detail has been carefully preserved. A single tenant currently leases the entire space and pays all utilities. Flexible O-R zoning keeps the other doors open: professional office, live-work, duplex, or extended corporate stays of 30 days or more. Buy the income, or step into it yourself.

Full Property Details for 707 NE 5th St

General

  • Price: $645,000
  • Taxes: $4,295 (2025)
  • Status: Active
  • Type: Commercial Service
  • Source: RWMLS
  • MLS ID: 351566695
  • Updated: 10/9/2026
  • Added to Site: 66 day(s) ago

Parking

  • Parking Features: Off Street

Location

  • County: Yamhill
  • Driving Directions: Head East on NE Third St., turn North on NE Galloway, Corner of Galloway & NE 5th St

Community

  • Community Name: 156 - Yamhill County including Willamina

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Heat Pump
  • Heating Type: Forced Air
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Roof: Composition
  • Stories/Levels: 3
  • Square Feet: 1,906
  • Current Bldg. Use: Multi Family, Professional Service
  • Year Built: 1920
  • Property Condition: Existing

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,356
  • Lot Size: 3, 000 to 4, 999 SqFt
  • Frontage: Paved

Financial Considerations

  • Lease Price: $3,350
  • Operating Expenses: $7,000
  • Tax Amount: $4,295.08
  • Tax Year: 2025
  • Terms: Call Listing Agent, Cash, Contract, Conventional, Other

Disclosures and Reports

  • Documents Avail.: Leases
  • Legal Description: SEE METES & BOUNDS
  • Property ID: 159269

Listed by Constant Commercial Real Estate Inc (503) 222-0282, Cory Carlson (503) 222-0282

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Listing agent

— 707 NE 5th St —

  • Cory Carlson

    Constant Commercial Real Estate Inc

    503-222-0282

503-222-0282

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 707 NE 5th St

School District:McMinnville School District 40
NameGradesDistance
Memorial Elementary School
501 Northwest 14th Street, McMinnville, OR 97128
K-50.7 mi
Patton Middle School
1175 Northeast 19th Street, McMinnville, OR 97128
6-80.8 mi
Mcminnville High School
615 Northeast 15th Street, McMinnville, OR 97128
9-120.5 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 707 NE 5th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/09/2026
Price Reduced
$645,000
-0.77%
MLS
8/06/2026
Listed
$650,000
—
MLS
Get Price Alerts and Save Property
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 for 707 NE 5th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,295
6%
$241,206
3%
2024
$4,070
6%
$234,181
3%
2023
$3,843
8%
$227,360
6%
2021
$3,554
-2%
$214,309
-3%
2022
$3,641
2%
$220,738
6%
2021
$3,554
110%
$208,067
108%
2019
$1,692
-45%
$99,795
-45%
2018
$3,104
4%
$181,030
3%
2017
$2,996
4%
$175,757
3%
2016
$2,889
3%
$170,638
3%
2015
$2,818
28%
$165,669
24%
2014
$2,199
8%
$133,130
7%
2013
$2,043
—
$124,483
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Constant Commercial Real Estate Inc (503) 222-0282, Cory Carlson (503) 222-0282

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707 NE 5th St, McMinnville, OR 97128 (MLS# 351566695) is a Commercial Service property. 707 NE 5th St is currently listed for $645,000 and was received on August 06, 2026. Want to learn more about 707 NE 5th St? Do you have questions about finding other Commercial Service real estate for sale in McMinnville? You can browse all McMinnville real estate or contact a Coldwell Banker agent to request more information.

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