SOLD | Excellent Investment Opportunity on 547 SE Cowls St. McMinnville, OR
- Catherine Summers

- Aug 4
- 3 min read
Updated: Sep 22
Offered at $400,000 | 1,022 SF | 2 bedrooms, 2 bathrooms | Sold
Welcome to 547 SE Cowls Street is a 1948-built, single-level 2-unit home located in one of McMinnville’s most walkable and desirable neighborhoods. Just blocks from Linfield University and the city’s historic Third Street, famous for its award-winning wineries, restaurants, and local charm, this property offers vintage appeal and solid investment value in the heart of Oregon wine country.
Set on a quiet street near parks, cafes, and public transit, this well-kept 2-unit home has been thoughtfully updated with a newer roof, fresh interior and exterior paint, and updated flooring (carpet and vinyl). Each unit includes its own new window A/C, providing added comfort for tenants, and shared onsite laundry.
The property features 2 unit home, 1 bedroom/1bathroom on each side, offering over 511 sqft of living space per unit on a manageable lot ideal for light gardening or creating a cozy outdoor patio. Backyard storage sheds provide additional space for tenants, while paved off-street parking accommodates two vehicles.

Exploring McMinnville: Small- Town Vibe with Big Personality
This home is more than just four walls, it's an opportunity to live in one of Oregon’s most inviting small towns. McMinnville has made a name for itself as a wine country gem, nestled in the heart of the Willamette Valley. Here, you’ll find a vibrant downtown lined with historic buildings, boutique shops, art galleries, and a food scene that’s earned national praise (Sunset Magazine and Oregon Wine Press both regularly spotlight the area).
Walk just a few blocks from Cowls Street and you’re at 3rd Street, often listed among America’s favorite main streets. Think wine tasting rooms, cozy cafés, friendly neighbors, and live music drifting from open patios on warm evenings.
For outdoor lovers, parks and trails are within easy reach. And for those with ties to Linfield University, the campus is right around the corner, making this a great setup for faculty, students, or even a rental investment.

What Makes This Location Special
Walkable & Central: Just blocks to shopping, dining, schools, and Linfield University.
Established Neighborhood: Homes nearby date from the 1930s–1940s, giving the area a cozy, mature feel.
Third Street District – Just blocks away
Evergreen Aviation & Space Museum – Home of the Spruce Goose, a regional highlight
Local Transit – McMinnville’s walkability and transit access make it easy to get around without a car
Wineries – Dozens within a short drive

A Home Worth Noticing
547 SE Cowls St is a compact, neatly sized property with affordable history and multi-family potential. Its location, just blocks from downtown, schools, and Linfield University gives it strong appeal, especially for investment or rental housing.
While smaller than many nearby homes, its flexibility and central McMinnville neighborhood make it an attractive option for a homeowner‑occupant or landlord combining living and rental space. With zoning R4, the property offers multiple future planning possibilities (confirm with city planning if needed).

Ready to See 547 SE Cowls Street in Person?
Opportunities like this don’t come around often, especially here in the heart of McMinnville. Whether you're exploring your first purchase, considering an investment, or simply curious about the potential of this charming home, I’d love to help you take the next step.
👉 Contact Catherine Summers to schedule a private tour, ask questions, or learn more about this freshly listed gem.
📱 Call/Text: 971-219-9858
📧 Email: catherine@thebellacasagroup.com
🌐 Website: https://www.themccreithteam.com/
Let’s make your next move a smart one, starting at 547 SE Cowls Street.




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