114 S PARKVIEW DR, Newberg, OR, 97132

Exceptional investment and lifestyle opportunity combining character, flexibility, and proven income potential! Truly turnkey and income-ready. Flexible 5BD/3BA layout functions as 3 units or a spacious single-family home. Steps away from downtown Newberg and George Fox University. Proven performer with studio averaging $2,000/month and transferable short-term rental permit. Rich vintage charm—coved ceilings, arched doorways, glass knobs—blends seamlessly with key updates including remodeled kitchen/baths, new roof, A/C, electrical panel, basement waterproofing system, and new garage door. Private-entry studio with full bath and separate laundry adds flexibility for rental, guests, or extended living. Unfinished basement and attic plus large side yard offer excellent ADU or expansion potential (buyer to verify).