591 W SHERMAN ST

Lebanon, 97355

  • 3 Bed

  • 2 Bath

  • 0 SqFt

  • 100 DOM

  • Built: 1948

  • Status: Active

$1,195,000

Price cut: $100K (08-06-2025)

X

591 W SHERMAN ST

Lebanon 97355

$1195000

Price cut: $100K (08-06-2025)

  • 3 Bed

  • 2 Bath

  • 0 SqFt

  • 100 DOM

  • Built: 1948

  • Status: Active

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Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

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.

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Residence Information

  • 0

  • 3

  • 2

  • 1

  • 1948

  • No

  • Other

Features and Utilities

  • None

  • Electricity

  • Other

  • PublicSewer

  • Electricity

  • Electricity

Financial

  • 6595.32

  • None

  • Cash,Conventional

  • 04-28-2025

  • No

  • No

Comparable Information

  • 100

  • 113

  • Cash,Conventional

  • $1,295,000

  • $1,195,000

  • Aug 06, 2025 15:37

Schools

Middle : Seven Oak N/A Ratings

Map

Listing courtesy of SMI Commercial Real Estate LLC.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Aug 19, 2025 04:07 | Listing last modified Aug 06, 2025 15:37. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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