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591 W Sherman St, 
Lebanon, OR 97355

$1,395,000

—

Bed

10

Baths

6,126

Sq Ft

Multi-Family

Active

Listed by

Eric Swanson

Smi Real Estate

Cell: 541-990-3795

Last updated:

April 29, 2025, 02:21 PM

MLS#

828226

Source:

OR WVMLS

About This Home

591 W Sherman St

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.

Home Facts

Multi-Family

10 Baths

Built in 1948

Price Summary

1,395,000

$227 per Sq. Ft.

MLS #:

828226

Last Updated:

April 29, 2025, 02:21 PM

Added:

3 day(s) ago

Rooms & Interior

Bathrooms

Total Bathrooms:

10

Interior

Living Area:

6,126 Sq. Ft.

Structure

Structure

Building Area:

6,126 Sq. Ft.

Year Built:

1948

Lot

Lot Size (Sq. Ft):

16,552

Finances & Disclosures

Finances

Price:

$1,395,000

Price per Sq. Ft:

$227 per Sq. Ft.

MLS Logo
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.

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