540 NW 9TH ST, McMinnville

New price under $700K! Three living spaces, immediate rental opportunity, and endless flexibility in one of McMinnville's most desirable neighborhoods. This rare property offers a spacious main home, a lower-level suite with tenant in place, and a detached 660 SF 1 bed/1 bath cottage that is now vacant and ready for its next chapter.Live in one space and rent the others, create multi-generational living, or use the cottage as guest quarters, private office, or potential market-rate rental. The lower-level suite offers its own kitchen, bath, fireplace, studio space, and private living area, providing income from day one.The main home offers over 2,051 SF of flexible living space with a main-level bedroom, den, expansive living and dining rooms with fireplace, an eclectic kitchen full of character, and a relaxing steam shower/tub combination. Upstairs features two generous bedrooms, an additional bedroom, loft space, and a full bathroom.Set on a beautifully landscaped .28-acre lot, the outdoor setting feels like a private retreat with mature trees, winding garden paths, lush landscaping, cozy sitting areas, and an expansive deck for entertaining or quiet evenings outdoors.Recent improvements include a new roof, new windows, refreshed exterior paint, and an oversized deck. Whether you are looking to offset your mortgage, accommodate extended family, or create long-term income potential, this property offers a rare combination of lifestyle, location, and opportunity.Seller is the Estate of Derek Goad. Listing agent is related to the seller. Buyer to perform due diligence regarding rental uses and income potential.