Meadowbrook Apartments is a 48-unit, garden-style 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- and two-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-city livability with steady employment that underpins durable rental demand.

The asset was previously marketed at $2,645,000 and has been strategically reintroduced to the market at a reduced price of $1,925,000 representing a ~27.2% basis reset.