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  • $8,250,000

    2048 NE Highway 99w, McMinnville, OR 97128

    80beds
    35,040sqft
    : 
    $56,041/mo
    Get pre-qualified
    Multi Family
    Built in 1978
    -- sqft lot
    $-- Zestimate®
    $235/sqft
    $-- HOA

    What's special

    Repaved and resealed lotIndividual electric meteringSurface parkingOn-site laundryTwo roofs
    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.
    10 days
    250
    10

    Zillow last checked:

    Listing updated:

    Listed by:

    Gabe Johansen 503-830-1118,

    SMI Commercial Real Estate LLC

    Source: RMLS (OR),MLS#: 212440031MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 80
      • Bathrooms: 48
      • Full bathrooms: 48
      Heating
      • Other
      Cooling
      • Other
      Appliances
      • Included: Other Water Heater
      Interior area
      • Total structure area: 35,040
      • Total interior livable area: 35,040 sqft

      Property

      Parking
      • Parking features: Off Street
      Features
      • Stories: 2
      Lot
      • Size: 3.74 Acres
      • Features: Acres 3 to 5
      Details
      • Parcel number: 129783
      • Zoning: C3

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Other
      • Roof: Other
      Condition
      • Approximately
      • Year built: 1978

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Mcminnville

      Financial & listing details

      • Price per square foot: $235/sqft
      • Annual tax amount: $15,249
      • Date on market: 8/19/2026
      • Listing terms: Cash,Conventional
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/19/2026Listed for sale$8,250,000$235/sqft
        Source: RMLS (OR) #212440031 Report a problem
        3/25/2016Listing removed$875+27.7%
        Source: Encompass Management & Consulting LLC Report a problem
        3/15/2016Listed for rent$685-21.7%
        Source: Encompass Management & Consulting LLC Report a problem
        1/22/2016Listing removed$875
        Source: Encompass Management & Consulting LLC Report a problem
        11/14/2015Listed for rent$875+44.6%
        Source: Encompass Management & Consulting LLC Report a problem
        4/5/2013Listing removed$605
        Source: Zillow Rental Network Report a problem
        2/1/2013Listed for rent$605
        Source: HotPads for Rent Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 97128

        Getting around

        43 / 100
        Car-Dependent
        26 / 100
        Some Transit
        62 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Grandhaven
        • Middle: Patton
        • High: Mcminnville

        Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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