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$1,275,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 3 days ago
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A Rare Find in Newberg! 2 legal residences on one parcel! 11.9 acres, large shops, beautiful property. Main house: 3bd, 2ba. Second home: 2bd 2ba is Not Conditional Use, may be used as a rental and/or qualify for a replacement dwelling permit (buyer due diligence). This property offers flexibility! Bring your ideas for updates, or move in as is. The large home has 1968sqft on the main floor and includes 3bd, 1ba, updated kitchen, living room, large family room, newer flooring, fresh interior paint, 2 pellet stoves. A large front deck, and another back deck area is ideal for enjoying the views. A mostly unfinished basement with another 1968sqft includes fireplace, and full bath with roll in shower, all waiting for your creativity! The 2nd home is 1991 singlewide MH w/ 924 sqft. If you are looking for multiple separate living quarters, this may be exactly what you have been searching for. Seasonal creek. Gated driveway. Don't miss this one!

Full Property Details for 22740 NE Hwy 240

General

  • Price: $1,275,000
  • Taxes: $3,566 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 139171270
  • Updated: 9/16/2026
  • Added to Site: 16 day(s) ago

Rental Information

  • Rent Includes: Sewer, Water

Parking

  • Garage: Yes
  • Total Spaces: 4
  • Parking Features: Driveway, Garage

Location

  • County: Yamhill
  • Driving Directions: NE Highway 240 to property

School Information

  • Elementary School: Ewing Young
  • Middle School: Chehalem Valley
  • High School: Newberg

Community

  • Community Name: 156 - Yamhill County including Willamina

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Heat Pump
  • Heating Type: Forced Air, Pellet Stove
  • Heating Fuel: Oil

Utilities

  • Sewer: Septic Tank
  • Water: Well
  • Well: Yes

Structural Information

  • Property Detached: Yes
  • Basement Desc.: Full Basement, Partially Finished
  • Roof: Composition
  • Stories/Levels: 2
  • Square Feet: 4,860
  • Year Built: 1957
  • Property Condition: Updated/Remodeled

Lot Features

  • Lot Size (Acres): 11.9
  • Lot Size (Sq. Ft.): 518,364
  • Lot Size: 10 to 19.99 Acres
  • Frontage: Gravel, Paved
  • Lot Features: Cleared, Gentle Sloping, Public Road, Sloped, Trees

Water Features

  • Water Front: Yes
  • Water Front Desc.: Creek

Financial Considerations

  • Tax Amount: $3,566.07
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: 03S/03W/13 parcel 71512; related account number 481684
  • Disclosures/Reports: Disclosure
  • Property ID: 71512

Listed by MORE Realty (503) 353-6673, Patty Hopper (541) 951-1812

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Listing agent

— 22740 NE Hwy 240 —

  • Patty Hopper

    MORE Realty

    503-353-6673

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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 22740 NE Hwy 240

School District:Newberg Public Schools
NameGradesDistance
Ewing Young Elementary School
17600 Northeast North Valley Road, Newberg, OR 97132
K-52.8 mi
Chehalem Valley Middle School
403 West Foothills Drive, Newberg, OR 97132
6-81.4 mi
Newberg Senior High School
2400 Douglas Avenue, Newberg, OR 97132
9-122.5 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 22740 NE Hwy 240 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/04/2026
Listed
$1,275,000
207.23%
MLS
6/28/2012
Sold
$415,000
—
Public Record
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 22740 NE Hwy 240

Year
Property Taxes
Change
Tax Assessment
Change
2025
$363
3%
$27,787
3%
2024
$351
3%
$26,978
3%
2023
$341
2%
$26,192
3%
2022
$334
-1%
$25,429
3%
2021
$337
—
$24,688
3%
2021
$337
16%
$23,969
3%
2019
$290
—
$23,271
3%
2018
$291
16%
$22,593
21%
2017
$251
19%
$18,744
22%
2016
$211
-5%
$15,399
-7%
2015
$221
14%
$16,558
8%
2014
$194
2%
$15,331
1%
2013
$191
—
$15,180
—
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.

Estimate the Cost for 22740 NE Hwy 240

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Listed by MORE Realty (503) 353-6673, Patty Hopper (541) 951-1812

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22740 NE Highway 240, Newberg, OR 97132 (MLS# 139171270) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 22740 NE Highway 240 is currently listed for $1,275,000 and was received on September 04, 2026. Want to learn more about 22740 NE Highway 240? Do you have questions about finding other Multi-Family real estate for sale in Newberg? You can browse all Newberg real estate or contact a Coldwell Banker agent to request more information.

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