Lebanon, OR 97355,591 W SHERMAN ST
Lebanon, OR 97355,591 W SHERMAN ST
Lebanon, OR 97355,591 W SHERMAN ST
Lebanon, OR 97355,591 W SHERMAN ST
Lebanon, OR 97355,591 W SHERMAN ST
Lebanon, OR 97355,591 W SHERMAN ST
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Marshall Rosario

Marshall Rosario

Prime Real Estate Group

+1(971) 645-6977
Listed by SMI Commercial Real Estate LLC
$ 1,195,000
Est. payment | /mo

0.38 Acres Lot


Save
$ 1,195,000
Est. payment | /mo
Save

0.38 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 639912323

Year Built 1948

Annual Tax Amount $6,595

Tax Year 2024

Lot Size 0.380 Acres

Property Description

Single-story 10-unit apartment complex located in West Lebanon. Built in 1948, the property offers (3) 2 bed / 1 bath units and (7) 1 bed / 1 bath units. As-is cap rate is 7.67% Cap on Actuals, 8.46% on Proforma. Two units have been fully renovated, offering immediate rent growth potential as leasing demand remains strong. The property features a central courtyard, off-street parking, and onsite laundry — appealing amenities in a quiet, residential neighborhood.

Location

State OR

County Linn

Area _221

Zoning RM

Interior

Heating Other

Cooling None

Exterior

Garage No

Building

Story 1

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Middle Schools Seven Oak

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

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591 W SHERMAN ST