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.
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
Est.:
Multi Family
Built in 1948
-- sqft lot
$-- Zestimate®
$228/sqft
$-- HOA
What's special
Off-street parkingCentral courtyardOnsite laundry room
- 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#: 828226

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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
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