Townhouse-Style Apartment
200 E AIRPORT RD, Lebanon, OR 97355
For Sale
New
$3,780,000
Individual laundry, updated kitchens, and a landscaped shared courtyard add practical features for residents.
Property Size18,875 SF
Days on Market6
Property Features for 200 E AIRPORT RD
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer/dryer
upgraded kitchens
storage locker
courtyard
gazebo
dog run
Building Details
Building Size
Year Built
Construction
Listing Agency:
Vintage Realty Northwest
Listed By:
Kenneth Marshall · License OR #200404300
(541) 754-7314
Source:
Tripleoaksrealty
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vintage Realty Northwest
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Investment Insights
Based on property information with market context.
Built in 2020, this multifamily property comprises townhouse-style apartments with 9-foot ceilings on the first floor. Each unit has its own washer and dryer, plus a kitchen equipped with Corian countertops, a dishwasher, a microwave, and a disposal. Units also include a rear-patio storage locker, while three-bedroom apartments have a single-car garage.
Shared outdoor features include an interior courtyard with garden beds, a gazebo, and a dog run. The property is described as close to shopping, transportation, educational facilities, major employers, and I-5.
Shared outdoor features include an interior courtyard with garden beds, a gazebo, and a dog run. The property is described as close to shopping, transportation, educational facilities, major employers, and I-5.
Key Highlights
- Townhouse‑style apartment units with 9‑foot first‑floor ceilings
- Each unit has a washer and dryer
- Kitchens include Corian countertops, dishwashers, microwaves, and disposals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,140
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,282,800
$3.3M
Cap Rate 7%
$2,344,857
$2.3M
Cap Rate 9%
$1,823,778
$1.8M
Market Conditions
NOI Build-Up for 18,875 SF
Gross rent
$305.8K $16.20/SF
− Vacancy
−$7.3K −$0.39/SF
EGI
$298.4K $15.81/SF
− OpEx
−$134.3K −$7.12/SF
NOI
$164.1K $8.70/SF
Area
Linn County, OR
Vacancy
2.40%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,282,800
Cap Rate 7%
$2,344,857
Cap Rate 9%
$1,823,778
Alternative Uses
Best Use
Apartment 5plus
$2.34M
$2.05M – $2.74M
NOI $164,140 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.50M
$4.81M – $6.42M
NOI $384,905 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
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Business Placement
Demographics for 97355, OR
32,413
Population
13,623
Households
2.4
Avg Household Size
41
Median Age
18%
College-Educated
91%
High-School Grad
214.3 sq mi
ZIP Area
151
Density / Sq Mi
$64,307
Median Household Income
$39,934
Median Earnings
$1,267
Median Rent
$332,700
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Linn County, OR
Properties on Market for Multifamily properties in Linn County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Individual laundry, updated kitchens, and a landscaped shared courtyard add practical features for residents.
Where is this multifamily property located?
The property is located at 200 E AIRPORT RD Lebanon, OR.
What is the asking price?
The asking price for this property is $3,780,000.
What are key features of this property?
This property features: Townhouse‑style apartment units with 9‑foot first‑floor ceilings; Each unit has a washer and dryer; Kitchens include Corian countertops, dishwashers, microwaves, and disposals
