For SaleNeutral Deal1 days on market
1046 NE 2nd St
1046 NE 2nd St, McMinnville, OR 97128, McMinnville, OR 97128
$449,999
Listing Price
1046 NE 2nd St, McMinnville, OR 97128
Loc: McMinnville, OR
Days Listed
1
Tax Assessed
$247k
Lot Size
6,098 sqft
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
4
Sue Buel Elementary
K-5
1.1 mi away
6
Patton Middle School
6-8
1 mi away
9
McMinnville High School
9-12
0.8 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
craftsmancottagefarmhouse-inspiredwood-sidingcovered-porchdormer-windowgreen-exteriorvintage-charmcozy-atmospherelandscaped-gardenwood-railingresidentialquaint
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.51%
Total ROI
100.3%
Cash Flow
$106/mo
DSCR
1.05
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $106/mo net cash flow with a 6.5% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.5%)
- • Strong rental demand in McMinnville
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-24 | Listed for sale | $449,999 | $361 |
| 2025-12-31 | Sold | $400,000 | $321 |
| 2010-08-10 | Sold | $82,500 | $66 |
| 2010-06-05 | Listed for sale | $99,000 | $79 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,479.74 | $139,259 |
| 2024 | $2,349.98 | $135,203 |
| 2023 | $2,218.71 | $131,265 |
| 2022 | $2,101.84 | $127,442 |
| 2021 | $2,052.11 | $123,730 |
| 2020 | $2,035.74 | $120,126 |
| 2019 | $1,980.52 | $116,627 |
| 2018 | $1,941.36 | $113,230 |
| 2017 | $1,941.36 | $109,932 |
| 2016 | $1,806.71 | $106,730 |
| 2015 | $1,806.71 | $103,623 |
| 2014 | $1,762.69 | $82,650 |
| 2013 | $1,322.85 | $80,244 |
| 2012 | $1,290.39 | $77,908 |
| 2011 | $1,255.42 | $75,640 |
| 2010 | $1,211.18 | $73,438 |
| 2009 | $1,191.18 | $71,299 |
| 2008 | $1,142.2 | $69,223 |
| 2007 | $1,115.65 | $67,207 |
| 2006 | $1,007.39 | $65,250 |
| 2005 | $1,033.43 | $63,349 |
| 2004 | $979.73 | $61,504 |
| 2003 | $1,045.21 | $59,712 |
| 2002 | $1,002.29 | $57,973 |
| 2001 | $962.98 | $56,284 |
| 2000 | $926.69 | $54,644 |
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