Low-Density Apartment
New
For Sale
$3,750,000
2077 S Second St, Lebanon, OR 97355
Mix of apartments, townhomes, and residential-style housing with community laundry and off-street parking.
Property SizeContact for details
Days on Market5
Property Features for 2077 S Second St
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
95%
Additional Details
Cap Rate
5.93%
Amenities
central laundry facilities
off-street parking
owner storage areas
private patios/decks
garage
backyard
ESTABLISHED LEBANON COMMUNITY - 34 Units Built in 1977 Offering Diverse Housing Options in a Desirable Neighborhood
SIGNIFICANT RENT UPSIDE - Market Comparables Indicate Opportunity for 18%+ Rental Growth Through Lease Optimization
LOW DENSITY DESIGN - Spacious Community Layout Creates a Neighborhood Feel Rarely Found in Multifamily Assets
DIVERSE EXTERIOR FINISHES - Updated Vinyl Windows Throughout, Vinyl Siding on House, T1-11 Apartments, and Board-and-Batten Townhomes
RESIDENT-ORIENTED AMENITIES - Private Outdoor Living Areas, Community Laundry Facilities, and Abundant Off-Street Parking
EXPENSE RECOVERY POTENTIAL - Opportunity to Implement RUBS and Improve Long-Term Operating Performance
Building Details
Units
34
Listing Agency:
Marcus & Millichap - Portland
(503) 200-2022
Listed By:
Whitney Rhoades · License #License(s): OR: 201204200, WA: 25012784
(503) 200-2022
Source:
Marcusmillichap
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 12 at 3:11AM
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 Marcus & Millichap - Portland
Investment Insights
Based on property information with market context.
This apartment community combines traditional apartments with townhomes and residential-style housing in a low-density layout. Townhome residences include private rear patios or decks enclosed by new cedar privacy fencing. A separate house offers a garage and oversized backyard, while dedicated owner storage areas provide additional on-site utility.
Central laundry facilities serve both the east and west sides of the property, and off-street parking is distributed throughout the community. The property is located at 2077 S Second St in Lebanon, Oregon, within an established residential area near employers, schools, healthcare services, shopping, dining, and other everyday amenities.
The location also provides access to Lebanon’s retail and service corridors and the broader Mid-Willamette Valley. The unit variety, residential-style features, and neighborhood setting support a range of household needs within one multifamily property.
Central laundry facilities serve both the east and west sides of the property, and off-street parking is distributed throughout the community. The property is located at 2077 S Second St in Lebanon, Oregon, within an established residential area near employers, schools, healthcare services, shopping, dining, and other everyday amenities.
The location also provides access to Lebanon’s retail and service corridors and the broader Mid-Willamette Valley. The unit variety, residential-style features, and neighborhood setting support a range of household needs within one multifamily property.
Key Highlights
- Apartments, townhomes, and residential‑style housing in a low‑density community
- Central laundry facilities positioned on both the east and west sides
- Off‑street parking available throughout the property
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
978
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Mix of apartments, townhomes, and residential-style housing with community laundry and off-street parking.
Where is this apartment building located?
The property is located at 2077 S Second St Lebanon, OR.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Apartments, townhomes, and residential‑style housing in a low‑density community; Central laundry facilities positioned on both the east and west sides; Off‑street parking available throughout the property
