591 W Sherman St, Lebanon, OR 97355
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
591 W Sherman St,Lebanon, OR 97355
$1,195,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:eric swanson
Office:smi commercial real estate llc.
MLS#:639912323
Source:PORTLAND
Price summary
- Price:$1,195,000
About this home
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.
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Home facts
- Year built:1948
- Listing ID #:639912323
- Added:84 day(s) ago
- Updated:September 19, 2025 at 11:36 AM
Structure and exterior
- Year built:1948
- Lot area:0.38 Acres
Schools
- Middle school:Seven Oak
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,195,000
- Tax amount:$6,595 (2024)
All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate Equinox are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: September 19, 2025New listings near 591 W Sherman St
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