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Meadowbrook Apartments 2048 NE Highway 99W 48 Unit Apartment Building $11,392,177 CAD ($237,337 CAD/Unit) McMinnville, OR 97128
Executive Summary
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- and two-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-city livability with steady employment that underpins durable rental demand.
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-city livability with steady employment that underpins durable rental demand.
Property Facts
| Price | $11,392,177 CAD | Building Class | B |
| Price Per Unit | $237,337 CAD | Lot Size | 3.74 AC |
| Sale Type | Investment | Building Size | 33,792 SF |
| No. Units | 48 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1978 |
| Apartment Style | Low-Rise | Parking Ratio | 1.39/1,000 SF |
| Zoning | R3 | ||
| Price | $11,392,177 CAD |
| Price Per Unit | $237,337 CAD |
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 3.74 AC |
| Building Size | 33,792 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 670 |
| 2+1 | 32 | - | 760 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 129783 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,190,280 CAD |
Property Taxes
Parcel Number
129783
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,190,280 CAD
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Meadowbrook Apartments | 2048 NE Highway 99W
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