2048 NE HIGHWAY 99W, McMinnville, OR 97128
Courtesy of SMI Commercial Real Estate LLC
- $8,250,000
- 35,040
- SqFt
- List Price
- $8,250,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 212440031
- Year Built
- 1978
- Living Area
- 35,040
- Lot Size
- 162,914
- Acres
- 3.74
- MLS Area Major
- Yamhill County including Willamina
Property Description
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.
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Additional Information
- Zoning
- C3
- Stories
- 2
- Parking
- Off Street
- Parking Features
- Off Street
- Elementary School
- Grandhaven
- Middle School
- Patton
- High School
- McMinnville
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