591 W Sherman St, Lebanon, OR 97355

Single-story 10-unit apartment complex located in West Lebanon. Built in 1948, the property offers (3) 2 bed / 1 bath units and (7) 1 bed / 1 bath units. Currently offered at a 6.47% cap rate on actual income, with upside to an 8.3% cap based on targeted rents for recently renovated units.

Two units have been fully renovated, offering immediate rent growth potential as leasing demand remains strong. The property features a central courtyard, off-street parking, and onsite laundry — appealing amenities in a quiet, residential neighborhood.