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$8,250,000
14 Days On Site

2048 NE HIGHWAY 99W
McMinnville, OR 97128

For Sale|Multi Family|Active
3
Beds
2
Total Baths
35,040
SqFt
$235
/SqFt
1978
Built
County:
Yamhill
Listing courtesy of Gabe Johansen of SMI Commercial Real Estate LLC (503) 830-1118

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

2048 NE HIGHWAY 99W2048 NE HIGHWAY 99W2048 NE HIGHWAY 99W2048 NE HIGHWAY 99W
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Meadowbrook Apartments is a 48-unit, gardenstyle community on 3.74 acres just north of downtown McMinnville — the heart of Oregon’s Willamette Valley wine country. Built in 1978 and owned since 2019, it offers efficient one- andtwo-bedroom homes averaging 730 square feet across three buildings, with surface parking, on-site laundry, and individual electric metering. Ownership has reinvested $551,644 recently — including but not limited to, 48 new heat pumps, two roofs, and a repaved and resealed lot.McMinnville anchors a diverse economy spanning healthcare (Willamette Valley Medical Center), manufacturing (Cascade Steel Rolling Mills), higher education (Linfield University), and a nationally recognized wine sector — with 90-plus manufacturers and an 800,000-person labor force within a 45-minute drive. About 40 miles southwest of Portland on Highway 99W, it pairs small-citylivability with steady employment that underpins durable rental demand.

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Listing Snapshot
Price 
$8,250,000
Days On Site 
14 Days
Bedrooms 
3
Inside Area (SqFt) 
35,040 sqft
Total Baths 
2
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
3.74 Acres
Year Built 
1978
MLS® Number 
212440031
Status 
Active
Property Tax 
$15,249.27
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Acres 
3.74
Parking 
Off Street
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Total 
35040
Water Source 
Public
Zoning 
C3
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Exterior Features
Roof 
Other
Community Features
Financing Terms Available 
CashConventional
MLS Area 
_156
Roads 
Paved
Schools
School District
Unknown
Elementary School
Grandhaven
Middle School
Patton
High School
McMinnville
Listing courtesy of Gabe Johansen of SMI Commercial Real Estate LLC (503) 830-1118



The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than SMI Commercial Real Estate LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

Last checked 2026-09-03 01:12 AM PDT.

All information provided is deemed reliable but is not guaranteed and should be independently verified

Neighborhood & Commute
Source: Walkscore
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