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Listed by SMI Commercial Real Estate LLC
$ 8,250,000
Est. payment /mo
New
2048 NE HIGHWAY 99W Mc Minnville, OR 97128
35,040 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 35,040 sqft
Price per Sqft $235
MLS Listing ID 212440031
Year Built 1978
Annual Tax Amount $15,249
Tax Year 2025
Lot Size 3.740 Acres
Property Description
Meadowbrook Apartments is a 48-unit, gardenstyle community on 3.74 acres just north of downtown McMinnville — the heart of Oregon's Willamette Valley wine country. Built in 1978 and owned since 2019, it offers efficient one- andtwo-bedroom homes averaging 730 square feet across three buildings, with surface parking, on-site laundry, and individual electric metering. Ownership has reinvested $551,644 recently — including but not limited to, 48 new heat pumps, two roofs, and a repaved and resealed lot.McMinnville anchors a diverse economy spanning healthcare (Willamette Valley Medical Center), manufacturing (Cascade Steel Rolling Mills), higher education (Linfield University), and a nationally recognized wine sector — with 90-plus manufacturers and an 800,000-person labor force within a 45-minute drive. About 40 miles southwest of Portland on Highway 99W, it pairs small-citylivability with steady employment that underpins durable rental demand.
Location
State OR
County Yamhill
Area _156
Zoning C3
Interior
Heating Other
Cooling Other
Exterior
Roof Type Other
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Grandhaven
Middle Schools Patton
High Schools Mcminnville
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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