591 W Sherman St Lebanon, OR 97355
Estimated payment $6,917/month
Highlights
- 0.38 Acre Lot
- 1-Story Property
- 5-minute walk to Century Park
- No Heating
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,595
Year Built
- Built in 1948
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Schools
- Seven Oak Middle School
Utilities
- No Cooling
- No Heating
- Electric Water Heater
Additional Features
- 1-Story Property
- 0.38 Acre Lot
Community Details
- 10 Units
Listing and Financial Details
- Assessor Parcel Number 0180006
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | Price Changed | $1,195,000 | -7.7% | -- |
| 04/28/2025 04/28/25 | For Sale | $1,295,000 | +18.3% | -- |
| 02/25/2022 02/25/22 | Sold | $1,095,000 | 0.0% | $179 / Sq Ft |
| 12/02/2021 12/02/21 | For Sale | $1,095,000 | +184.4% | $179 / Sq Ft |
| 05/16/2016 05/16/16 | Sold | $385,000 | 0.0% | $58 / Sq Ft |
| 04/01/2016 04/01/16 | Pending | -- | -- | -- |
| 03/25/2016 03/25/16 | For Sale | $385,000 | -- | $58 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 639912323
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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 Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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