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2048 NE Highway 99w, 
Mcminnville, OR 97128

$7,900,000


—

Bed


—

Bath


35,040

Sq Ft


Multi-Family

Active

Listed by

Gabe Johansen

Smi Commercial Real Estate LLC.

503-830-1118

Last updated:

October 1, 2026, 12:04 PM

MLS#

212440031

Source:

PORTLAND

About This Home

2048 NE Highway 99w

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.

Home Facts

Multi-Family

Built in 1978

Price Summary

7,900,000

$225 per Sq. Ft.

MLS #:

212440031

Last Updated:

October 1, 2026, 12:04 PM

Added:

1 month(s) ago


Rooms & Interior

Interior

Living Area:

35,040 Sq. Ft.


Structure

Structure

Building Area:

35,040 Sq. Ft.

Year Built:

1978


Lot

Lot Size (Sq. Ft):

162,914


Finances & Disclosures

Finances

Price:

$7,900,000

Price per Sq. Ft:

$225 per Sq. Ft.

MLS Logo
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 Coldwell Banker United Brokers are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: October 1, 2026

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.