About 591 W Sherman St
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.
Features of 591 W Sherman St
| MLS® # | 639912323 |
|---|---|
| Price | $1,195,000 |
| Bathrooms | 0.00 |
| Acres | 0.38 |
| Year Built | 1948 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 591 W Sherman St |
|---|---|
| Area | 221 - Linn County |
| City | Lebanon |
| County | Linn |
| State | OR |
| Zip Code | 97355 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Other |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior | Other |
|---|
School Information
| Middle | Seven Oak |
|---|
Additional Information
| Date Listed | April 28th, 2025 |
|---|---|
| Days on Market | 182 |
| Zoning | RM |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | SMI Commercial Real Estate LLC |
|---|