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.
Active
$8,250,000
2048 NE Highway 99w, McMinnville, OR 97128
80beds
35,040sqft
Multi Family
Built in 1978
-- sqft lot
$-- Zestimate®
$235/sqft
$-- HOA
What's special
Repaved and resealed lotIndividual electric meteringSurface parkingOn-site laundryTwo roofs
- 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#: 212440031
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
| Date | Event | Price |
|---|---|---|
| 8/19/2026 | Listed for sale | $8,250,000$235/sqft |
Source: | ||
| 3/25/2016 | Listing removed | $875+27.7% |
Source: Encompass Management & Consulting LLC Report a problem | ||
| 3/15/2016 | Listed for rent | $685-21.7% |
Source: Encompass Management & Consulting LLC Report a problem | ||
| 1/22/2016 | Listing removed | $875 |
Source: Encompass Management & Consulting LLC Report a problem | ||
| 11/14/2015 | Listed for rent | $875+44.6% |
Source: Encompass Management & Consulting LLC Report a problem | ||
| 4/5/2013 | Listing removed | $605 |
Source: Zillow Rental Network Report a problem | ||
| 2/1/2013 | Listed 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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Neighborhood: 97128
Nearby schools
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.
