591 W Sherman St, Lebanon, OR 97355

Listing Courtesy of SMI REAL ESTATE. Cell: 541-990-3795 Selling Office: SMI REAL ESTATE.

$1,185,000
13
BD
10
BA
6,126
SqFt
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Sold Price
$1,185,000
List Price
$1,295,000
Closing Date
Dec 05, 2025
MLS#
828226
Status
CLOSED
Type
Multifamily
Subtype
Multi Family
City
Lebanon
Area
80 Linn County
County
Linn
Bedrooms
13
Bathrooms
10
Year Built
1948
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(503) 838-1912

Property Description

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 6.87% cap rate on actuals and an 7.88% on highest achieved rents. 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.

(503) 838-1912
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Additional Information

Flooring
Carpet
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Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.