2211 McKinney Ln - Apartments FOR SALE


Lebanon, OR 97355
$10,000,000 USD
503-241-5541
2211 McKinney Ln, Lebanon, OR for Sale
$10,000,000 USD
Apartments - FOR SALE
1/75
null | 6.03% Cap Rate

2211 McKinney Ln
Lebanon, OR 97355


OVERVIEW

HFO is pleased to present McKinney Lane Apartments, a 60-unit, 2016-built multifamily community in Lebanon, Oregon, offering investors the opportunity to acquire newer-vintage construction at an attractive basis relative to today’s replacement costs with a clearly defined path to value creation. The property features contemporary building systems and an efficient unit mix heavily weighted toward studios and one-bedroom apartments, positioning it well for Lebanon’s growing base of healthcare workers, medical students, and young professionals. Original unit interiors provide meaningful renovation upside through upgrades such as vinyl plank flooring, quartz countertops, and stainless-steel appliances, with a proven renovation program at the neighboring property supporting potential rent premiums exceeding $300 per unit. McKinney Lane further benefits from Lebanon’s continued population growth and proximity to major employers including Samaritan Lebanon Community Hospital, Lowe’s Regional Distribution Center, Entek International, and local school campuses, as well as convenient access to the Main Street corridor and regional transportation routes. Additional income from RUBS, garage and carport rentals, optional air conditioning, and pet rent further enhances the property’s income profile and long-term investment potential.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

60

PRICE/UNIT

$166,667

CAP RATE

6.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McKinney Lane Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

PARKING SPACES

112

LAND DETAILS

LAND ACRES

2.54 AC

LAND SF

110,642 SF

ZONING

UGA-UGM-10

APN/PARCEL ID

0197687

ASK ABOUT THIS PROPERTY

Lee FehrenbacherHFO Investment Real EstateMore Info
503-241-5541

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Lee FehrenbacherHFO Investment Real EstateMore Info
503-241-5541

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.