500 S River St, Newberg

20 Units: (6) 2 bed, 1 bath & (14) 1 bed, 1 bath

Property has an assumable loan fixed at 3.70% until February 2025 and then 4.20% until February 2030 with a 1% prepay the entire time

Built in 1963, Rivercrest Apartments in Newberg, Oregon, offer a serene and picturesque living experience along the banks of the Willamette River, providing residents with a harmonious blend of nature’s beauty and contemporary comforts.

Recent Updates:

• 2018 – Full repaint, Drivelane asphalt removed & replaced with 3” of new hot asphalt
• 2019 – Concrete replacement to walkways around perimeter of property and for car ingress and egress
• 2021 – Asphalt sealcoat, and restripe