503-218-4387
937 SE Sheridan Rd, Sheridan, OR for Sale
Apartments - FOR SALE
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937 SE Sheridan Rd
Sheridan, OR 97378


OVERVIEW

Full Building Envelope Upgrade ~10 Years ago New Hardi-Plank lap siding, weather barrier system, & 40-year roof 2026 Upgrades include full exterior paint & landscaping Late 90's Vintage w/ Copper Plumbing Wood-frame construction, copper supply lines, price well below replacement cost Non-Cyclical Employment Base FCI Sheridan is the City's largest employer. Spirit Mountain Casino sits 10 miles west supports stable workforce demand. Wine Country Tourism Yamhill County holds the largest winery/vineyard concentration in Oregon, visitor revenue up 13.5% (2022-2024) 18% Rent Discount to McMinnville Sheridan 2BR/1BA comps average $1,250 vs. $1,432 in McMinnville, create natural runway as regional demand spills west.

FOR SALE DETAILS

PRICE

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# OF UNITS

61

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

River Crest

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1997

PARKING SPACES

105

LAND DETAILS

LAND ACRES

4.16 AC

LAND SF

181,210 SF

ZONING

R2 - Medium Density Resi.

APN/PARCEL ID

228569,510544

ASK ABOUT THIS PROPERTY

Benjamin MurphyCommercial Integrity NWMore Info
503-218-4387

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Benjamin MurphyCommercial Integrity NWMore Info
503-218-4387

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