540 Nw 9TH St, Mc Minnville, OR 97128

• 5 beds |
• 3 baths |
• 3,971 sqft

Property Description

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.

Listing Status:

Active

Date Added:

April 24, 2026

Data Last Updated:

May 2, 2026 at 11:41PM

Listing Office:

Coldwell Banker Professional : 503-538-0468

Listing Agent:

Stacey McGhehey : 971-237-9306

MLS ID:

597861007

Interior

• General: Floor 3 rdAccessory dwelling unitHardwood floorsSeparate living quarters apartment aux living unitWasher dryer
• Appliances: DisposalFree standing gas rangeFree standing refrigeratorRange hoodTile
• Basement: FinishedSeparate living quarters apartment aux living unitStorage space
• A/C: None
• Heating: BaseboardGas stoveRadiant
• Fireplace: GasWood burningFireplaceFireplaces: 2

Exterior

• General: BrickCedarAccessory dwelling unitDeckPorchYard
• Style: Mid century modernTri level
• Parking: CarportDrivewayParking spaces: 0

Construction

• Roofing: CompositionMetal
• Windows: DoublePaneWindowsVinylFrames
• General: Concrete perimeter

Location

• Road/Access: Paved
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Yamhill

Lot

• Zoning: TOWNSHIP 4S RANGE 4W SECTION 20 QTR A QQTR B TAXLOT 06200 LOT 12149486

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.