2048 NE Highway 99w, McMinnville, OR 97128

$8,250,000

Beds

Baths

3.74 ac

Property Size

1978

Year Built

About The Property

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.

ARCHITECTURE

Stories: 2
Condition: Approximately
Year Built: 1978
Roof Type: Other

INTERIOR FEATURES

Heating Type: Other
Fuel Type: Electricity
Interior SqFt: 35040

EXTERIOR FEATURES

Lot size (Acres): 3.74
Zoning: C3
Water Source: Public Water
Sewer: Public Sewer

SCHOOLS

Elementary: Grandhaven
High School: McMinnville
Middle: Patton

TAX & FINANCIAL

Annual Tax: $15249.27
Terms Considered: Cash, Conventional
Tax Year: 2025

LISTING INFO

Listing courtesy of SMI Commercial Real Estate LLC

Map Location

Property Map

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

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Member of: National Association of REALTORS® (NAR)

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Property ID - | 885930

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