811 E 1ST ST, Newberg, OR 97132
Yamhill County
Key Facts
Description
The 1888 Building is a rare opportunity to own a piece of Newberg history in the heart of downtown.Constructed in 1888, this iconic corner building has long been part of the city commercial core, serving generations of localbusinesses and residents. Prominently located at 1st and Meridian Street, the property blends historic character with modernversatility. Today, the building offers a compelling mixed-use configuration, featuring ground-floor commercial space ideal for arestaurant, tasting room, retail, or hospitality concept, along with two established residential units on the upper level, currentlyoperating as successful short-term rentals. Original architectural details, strong street presence, and a highly walkable location addto its enduring appeal. With its history, visibility, and built-in income, The 1888 Building offers a unique opportunity for owner-occupants or investors seeking a landmark property in one of Oregon Wine Country's most vibrant downtowns.
Property Information
Property Type
Commercial Sale
Year Built
1888
Stories
2
Living Area
7,210 sq ft
Lot Size
0.17 acres
Parking Spaces
2
Zoning
C3
Days on Market
41
MLS® Listing#
588166607
Property Features
Heating
Parking
Construction
Roof
Security
Sewer
Water Source
Financial Details
Annual Taxes
$4,000
Tax year 2025
Parcel Number
48914
Directions
Cross Street: Meridian St
Affordability Calculator
$518,000
Estimated monthly payment
$13,785/mo
Principal $2,072,000 · Est. interest $2,890,624 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newberg, OR
- $692,593
- Median Listing Price
- 220
- Median Days on Market
- 2,025
- Median Sq Ft
- $303
- Median Price / Sq Ft
- 85
- Active Listings
- This home’s price is 274% above the area median.
- Its price per sq ft is 19% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newberg, OR.
Location
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Points of Interest in Newberg, OR
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2911 E PORTLAND RD, Newberg, OR | $1,995,000 | — | — | 6,268 |
| 700 E 1ST ST, Newberg, OR | $2,300,000 | — | — | 9,565 |
| 16155 NE WILKERSON WAY, Newberg, OR | $2,345,000 | 5 | 6 | 6,516 |
| 24300 NE Dayton AVE, Newberg, OR | $2,500,000 | 5 | 5 | 5,582 |
| 811 E 1st Street, Newberg, OR | $2,590,000 | — | — | 7,200 |
| 615 N ELLIOTT RD, Newberg, OR | $2,599,000 | 5 | 4 | — |
Moving Cost Estimate
EXIT Agents in Newberg
Listing Courtesy: Keller Williams Southern Oregon-Umpqua Valley - 541-952-9340
Presented by: Tammy Kenworthy
Last Updated: 2026-02-10