Search
Updated 13-Unit Apartment Building
For Sale
$3,500,000

547 SW FELLOWS St, McMinnville, OR 97128

MultiFamily, McMinnville, OR

Property SizeContact for details
Lot Size0.49 Acres
Days on Market181

Property Features for 547 SW FELLOWS St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning C
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1
View Territorial
Elementary school Columbus
Middle school Duniway
High school McMinnville
Directions 99w to Adams to Fellows, Right on fellows to property on right
Subdivision _156
Standard status Active
APN 155174
Lot size 0.49 Acres

Taxes and HOA fees

Tax Description TOWNSHIP 4S RANGE 4W SECTION 20 QTR D QQTR C TAXLOT 03500 LOT 3 B
Tax Annual Amount 16052
Legal Description TOWNSHIP 4S RANGE 4W SECTION 20 QTR D QQTR C TAXLOT 03500 LOT 3 B

Utilities

Heating system Baseboard

Amenities

laundry room

Building Details

Year built 1970
Floors in Building 2
Number of units 13
Roof type Composition
Listing Agency: MORE Realty
Listed By: Chris Voigt · License #200308168
Added: Mar 12 Changed: Sep 7 Last Checked: Sep 8 at 9:06AM
MLS# 507920270

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This apartment property contains 13 units across a mix of four three-bedroom, two-bath residences and nine two-bedroom, one-bath residences. The larger units measure approximately 1,200 square feet, while the smaller units measure approximately 800 square feet. Improvements include a newer roof and fencing, with composition roofing and baseboard heating serving the property. On-site laundry adds a shared amenity for residents.

The property occupies 0.49 acres and carries C zoning. Built in 1970, it is configured as an apartment asset with a defined unit mix and multiple recent property updates.

Key Highlights

  • 13‑unit apartment property on 0.49 acres
  • Four 3‑bedroom, 2‑bath units measuring approximately 1,200 square feet
  • Nine 2‑bedroom, 1‑bath units measuring approximately 800 square feet

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13
Residential units

Location Intelligence

Trade Area within ½ mile

780
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with on-site laundry, composition roofing, and baseboard heating.
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 $3,500,000.
What are key features of this property?
This property features: 13‑unit apartment property on 0.49 acres; Four 3‑bedroom, 2‑bath units measuring approximately 1,200 square feet; Nine 2‑bedroom, 1‑bath units measuring approximately 800 square feet
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message