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$299,000 Just Listed
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Property Description
Exceptional investment opportunity on Main Street - Residential Duplex + Commercial Space! 132 E Main Street, Sheridan OR 97378 Discover a rare chance to own your own versatile mixed-used property in the heart of Sheridan, offering residential units plus a commercial storefront, all positioned along the charming South Yamhill River. With strong rental income already in place and endless future potential, this historic 1914 building blends character, functionality, and reliable cash flow.Property Highlights. Upstairs Apartment: Private exterior entrance with large elevated deck overlooking the South Yamhill River. 2 bedrooms, 1 office or storage room, 1 full bathroom, washer and dryer hookups. Downstairs Apartment: 2 bedrooms, 1 office or storage room, large community great room with full kitchen and all appliances included. 1 full bathroom / washer and dryer hookups.Commercial Storefront: Prime Main Street visibility. Large and expansive retail and/ or business area. Loft space for extra storage. 2 bathrooms. Flexible extra space for possible studio apartment conversion or additional storage.Property Improvements: New roof, Fresh paint on storefront, cadet wall heaters in residential units.Whether you're an investor seeking strong cash flow or a buyer looking to live on-site while generating income, 132 E Main Street delivers unmatched flexibility. Enjoy a blend of riverside living, Main Street convenience, and an established rental structure in one unique, income-producing property.Scheduled your showing today and explore the opportunities this historic Sheridan gem has to offer!Building is 100% tenant occupied.All showings will need to be scheduled with the Sellers Agent. Danné Wilson 971-517-2953 (Written Offers Subject to Interior Inspection) Proof of Funds/Pre-Approval Letter Required. Minimum Notice for Showing is 4 days No lockbox will be on property to ensure tenant privacy and security. PLEASE DO NOT DISTURB TENANTS.
Full Property Details
Full Property Details for 132 E Main St
General
- Price: $299,000
- Taxes: $1,071 (2025)
- Status: Active
- Type: Business
- Source: RWMLS
- MLS ID: 261473698
- Updated: Today (1/17/2026)
- Added to Site: Today
Parking
- Total Spaces: 2
- Parking Features: Off Site, On Street
Location
- County: Yamhill
- Driving Directions: Take OR-18 to the exit for OR-18B East, OR-18B turns into Main Street. Continue to 132
Community
- Community Name: 156 - Yamhill County including Willamina
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Heater
- Heating Fuel: Electricity
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- # Buildings: 1
- Property Detached: Yes
- Construction: Concrete, T-111 Siding
- Roof: Membrane, Other
- Stories/Levels: 2
- Square Feet: 4,524
- Current Bldg. Use: Clothing Shop, Multi Family, Retail
- Year Built: 1914
- Property Condition: Approximately
Lot Features
- Lot Size (Acres): 0.2
- Lot Size (Sq. Ft.): 8,712
- Lot Size: 7, 000 to 9, 999 SqFt
- Frontage: Concrete, Paved
Water Features
- Water Front: Yes
- Water Front Name: South Yamhill River
- Water Front Desc.: River Front
Financial Considerations
- Tax Amount: $1,071.01
- Tax Year: 2025
- Terms: Cash, Contract, Conventional
Disclosures and Reports
- Legal Description: PART OF LOTS 1 & 2 - BLOCK 7 IN SHERIDAN TOWN OF
- Property ID: 222217
Listed by Georgetown Realty Inc. (503) 256-1112, Danne Wilson (971) 517-2953
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 132 E Main St
School District:Sheridan School District 48j
| Name | Grades | Distance |
|---|---|---|
Faulconer-Chapman School 332 Southwest Cornwall Street, Sheridan, OR 97378 | K-8 | 0.6 mi |
Sheridan High School 433 South Bridge Street, Sheridan, OR 97378 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 132 E Main St
Date
Details
Price
Change
Source
1/17/2026
Listed
$299,000
130%
MLS
9/07/2023
Sold
$130,000
—
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 132 E Main St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,071
9%
$79,016
3%
2024
$984
3%
$76,715
3%
2023
$955
3%
$74,481
3%
2022
$929
-12%
$72,312
3%
2021
$1,051
—
$70,206
3%
2021
$1,051
5%
$68,161
3%
2019
$998
3%
$66,176
3%
2018
$970
2%
$64,249
3%
2017
$952
3%
$62,378
3%
2016
$924
2%
$60,561
3%
2015
$902
3%
$58,799
3%
2014
$877
3%
$57,088
3%
2013
$851
—
$55,427
—
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 132 E Main St
132 E Main St, Sheridan, OR 97378 (MLS# 261473698) is a Business property. 132 E Main St is currently listed for $299,000 and was received on January 17, 2026. Want to learn more about 132 E Main St? Do you have questions about finding other Business real estate for sale in Sheridan? You can browse all Sheridan real estate or contact a Coldwell Banker agent to request more information.

