13-Unit Apartment
For Sale
$2,900,000
547 SW FELLOWS ST, McMinnville, OR 97128
Apartment complex with a mix of 2- and 3-bedroom units plus on-site laundry and recent exterior updates.
Property SizeContact for details
Days on Market210
Property Features for 547 SW FELLOWS ST
General Information
Standard status
Active
Property subtype
Multi Family
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
13
Taxes and HOA fees
Annual Taxes
$16,052
Building Details
Year Built
1970
Listing Agency:
MORE Realty
Listed By:
Chris Voigt · License #200308168
(503) 939-7481
Source:
Tripleoaksrealty
Added: Mar 12
Changed: Oct 6
Last Checked: Oct 5 at 3:07PM
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 MORE Realty
Investment Insights
Based on property information with market context.
This for-sale apartment complex consists of 13 units, including four 3-bedroom, 2-bath apartments at approximately 1,200 square feet and nine 2-bedroom, 1-bath apartments at approximately 800 square feet. The property includes an on-site laundry room. Public remarks also note updates including a new fence and a newer roof.
The building is located at 547 SW Fellers St in McMinnville, Oregon. The seller reports the property has maintained 100% occupancy most of the time. Public remarks also state that current rents are not close to market rents.
For buyers evaluating a small multifamily holding, this configuration provides multiple unit types within one asset, which can support day-to-day leasing flexibility. The offering is also described as a 1031 exchange by the seller “at no cost to buyer,” with internal inspection scheduled after a mutual accepted offer. The laundry amenity and reported occupancy history may be practical considerations for operators seeking an income-generating residential property with recently addressed exterior components.
The building is located at 547 SW Fellers St in McMinnville, Oregon. The seller reports the property has maintained 100% occupancy most of the time. Public remarks also state that current rents are not close to market rents.
For buyers evaluating a small multifamily holding, this configuration provides multiple unit types within one asset, which can support day-to-day leasing flexibility. The offering is also described as a 1031 exchange by the seller “at no cost to buyer,” with internal inspection scheduled after a mutual accepted offer. The laundry amenity and reported occupancy history may be practical considerations for operators seeking an income-generating residential property with recently addressed exterior components.
Key Highlights
- 13‑unit apartment complex built in 1970 with 2- and 3‑bedroom unit mix
- Unit mix includes 4 units with 3 bed/2 bath at approx. 1,200 SF and 9 units with 2 bed/1 bath at approx. 800 SF
- Recent exterior updates include a new roof and new fence
Property Analytics
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Current Use
Lease Details
13
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
Demographics for 97128, OR
38,394
Population
15,291
Households
2.5
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
112.2 sq mi
ZIP Area
342
Density / Sq Mi
$72,055
Median Household Income
$37,427
Median Earnings
$1,295
Median Rent
$419,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment complex with a mix of 2- and 3-bedroom units plus on-site laundry and recent exterior updates.
Where is this apartment building located?
The property is located at 547 SW FELLOWS ST McMinnville, OR.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 13‑unit apartment complex built in 1970 with 2- and 3‑bedroom unit mix; Unit mix includes 4 units with 3 bed/2 bath at approx. 1,200 SF and 9 units with 2 bed/1 bath at approx. 800 SF; Recent exterior updates include a new roof and new fence
