Skip main navigation
For sale
  • Listed by: 

    ERIC SWANSON Cell:541-990-3795,

    Smi Real Estate

    $1,395,000

    591 W Sherman St, Lebanon, OR 97355

    13beds
    10baths
    6,126sqft
    : 
    Multi Family
    Built in 1948
    -- sqft lot
    $-- Zestimate®
    $228/sqft
    $-- HOA

    What's special

    Off-street parkingCentral courtyardOnsite laundry room
    Single story 10-unit apartment complex built in 1948 in West Lebanon. Building consists of (3) 2 bed / 1 bath units and (7) 1 bed / 1 bath units. Currently offered at a 6.47% cap rate on actuals and an 8.3% based on targeted rents for recently renovated units. Two of the ten units have been fully renovated. Property features a central courtyard, some off-street parking and onsite laundry room - appealing amenities in a quiet, residential neighborhood.
    23 days
    on Zillow
    |
    335
    |
    22
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 28, 2025 at 10:45am

    Listed by:

    ERIC SWANSON Cell:541-990-3795,

    Smi Real Estate

    Source: WVMLS,MLS#: 828226MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 591 W Sherman St.

    Next available tour time:Today at 12pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 13
    • Bathrooms: 10
    Features
    • Flooring: Carpet
    • Has fireplace: No
    Interior area
    • Total structure area: 6,126
    • Total interior livable area: 6,126 sqft

    Property

    Lot
    • Size: 0.38 Acres

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1948

    Community & HOA

    Community
    • Subdivision: AF Bahrke's Fruitdale A
    Location
    • Region: Lebanon

    Financial & listing details

    • Price per square foot: $228/sqft
    • Annual tax amount: $6,595
    • Price range: $1.4M - $1.4M
    • Date on market: 4/28/2025
    • Listing agreement: Exclusive Right To Sell
    • Loading
    • Loading