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410 SW Mill St, Sheridan, OR, 97378

3beds
2baths
1,642sqft
$325,000
$198price/sqft
$2,299/moest. monthly cost
$91,960/yrincome needed

About This Home

Great investment opportunity in the heart of Sheridan! This versatile duplex property offers approximately 1,662 sq ft and was originally designed as a single-family home but is currently configured as two separate units, making it ideal for investors, multigenerational living, or owner-occupants looking to offset their mortgage with rental income. Each unit features comfortable living spaces with durable tile and laminate flooring throughout, providing easy maintenance and long-term durability. The two-bedroom side includes a cozy gas fireplace, adding warmth and charm to the living area. A connecting interior door remains between the units and can be secured if desired, offering flexibility for future use as either a duplex or single residence. The property operates on a single water meter, with the owner currently covering water, sewer, and trash services. Built in 1979 and located within the Sheridan School District, this property sits in a convenient location close to local schools and town amenities. Whether you're expanding your rental portfolio or seeking a flexible living arrangement, this property presents a fantastic opportunity with multiple possibilities.

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
37
BikeSomewhat Bikeable

Schools

3/10
Faulconer-Chapman SchoolGrades K-80.2 mi
1/10
Sheridan High SchoolGrades 9-120.3 mi

Construction

Condition

  • Property condition: Fixer
  • Year built: 1979

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction materials: T111 Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Electric Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Heating & Cooling

  • Heating features: Zoned,Fireplace(s)
  • Cooling features: None

Interior Area

  • Total structure area: 1,642
  • Total interior livable area: 1,642 sqft

Property

Details

  • Parcel number: 226981
  • Zoning: R1

Features

  • Has view: Yes
  • View description: Seasonal

Lot

  • Features: Level,SqFt 3000 to 4999

Parking

  • Parking features: Driveway,On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Inland Flooding
    Inland FloodingVery High
  • Heat Wave
    Heat WaveRelatively High
  • Ice Storm
    Ice StormModerate
  • Landslide
    LandslideModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Heat Wave
Ice Storm
Landslide
Strong Wind
Winter Weather

FEMA Declared Disasters in Yamhill County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,643$19,716
Home Insurance *$113$1,356
Property Taxes $367$4,404
Electricity $176$2,119
Total$2,299$27,588
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$78,822/yr
40% on housing$68,970/yr
45% on housing$61,306/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.1%
10.1%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$198This listing

vs Other Active Listings

Avg $/sqft

ZIP 97378$397
Yamhill County$312

vs Homes Sold Last Month

Median $/sqft

ZIP 97378$280
Yamhill County$301

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-19Listed for sale$335,000
2022-03-18Sold$300,000
2022-01-31Pending sale$310,000
2022-01-19Price change$320,000
2021-12-01Listed for sale$325,000
2011-03-10Sold$41,000
2011-02-24Price change$74,900
2011-01-16Price change$44,900
2011-01-02Price change$48,500
2010-12-12Price change$53,500
2010-12-10Price change$57,500
2010-11-25Price change$74,900
2010-10-10Price change$67,900
2010-09-10Listed for sale$74,900

For Sale by Agent

AgentLacey Summers
BrokerageBella Casa Real Estate Group

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