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Location, Location, Location - with Built-In Income Potential and Flexible Multi-Generational Living. This rare McMinnville property offers three separate living spaces and a unique opportunity to offset your mortgage while enjoying a spacious and character-filled home. The detached 660 sq ft cottage is currently rented below market and presents immediate upside as it becomes available soon. The lower-level suite provides additional income with an existing tenant in place, offering built-in cash flow from day one and a clear path for future rent growth. The main home welcomes you with a generous and flexible layout, featuring a main-level bedroom, den, and expansive living and dining areas with a cozy fireplace. The eclectic kitchen adds charm, while the main-level bath includes a relaxing steam shower/tub combo. Upstairs, you'll find two large bedrooms, an additional smaller room, loft space, and a full bathroom ideal for a variety of living arrangements. The basement level functions as a separate living space, complete with its own kitchen, bath, fireplace, studio and storage area perfect for extended living, guests, or supplemental income. Whether you're looking to live in one space and rent the others, accommodate multi-generational living, or gradually increase rental income over time, this property offers a rare combination of lifestyle flexibility and long-term financial opportunity. Recent updates include a new roof, new windows, refreshed exterior paint, and a stunning oversized deck. Set on a beautifully landscaped .28-acre lot with winding paths, mature trees, and peaceful outdoor spaces, the setting feels like a private retreat just minutes from everything McMinnville has to offer. Seller is the Estate of Derek Goad; listing agent is related. Buyer to perform due diligence on all aspects of the property including rental uses and income potential. * Tenants in basement is a (DaySleeper) Need 24 hour notice and after 6pm Mon-Thur. *Tenant in cottage needs 24 hour notice.* Basement tenants would like to stay with new ownership, Subject to agreeable lease agreement.
| LAST UPDATED | 4/24/2026 | YEAR BUILT | 1950 |
|---|---|---|---|
| COMMUNITY | _156 | COUNTY | Yamhill |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Memorial |
|---|---|
| Jr. High School | Duniway |
| High School | McMinnville |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Disposal, Dryer, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Water Heater, Range Hood, Washer |
| AREA | _156 |
| BASEMENT | Finished, Storage Space, Yes |
| CONSTRUCTION | Brick, Cedar |
| FIREPLACE | Yes |
| HEAT | Baseboard, Radiant |
| LOT | 0.28 acre(s) |
| LOT DESCRIPTION | Gentle Sloping, Sloped |
| PARKING | Carport, Driveway |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | MidCenturyModern, TriLevel |
| TAXES | 5165.4 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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This content last updated on 5/6/26 12:34 AM PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. All real estate listings are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers.
Listing content is © 2026 RMLS™, Portland, Oregon.
This content last updated on 5/6/26 12:34 AM PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. All real estate listings are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers.
Listing content is © 2026 RMLS™, Portland, Oregon.
This IDX solution is (c) Diverse Solutions 2026.