2048 NE Highway 99w, McMinnville, OR 97128

McMinnville
Local realty services provided by:Knipe Realty ERA Powered
2048 NE Highway 99w,McMinnville, OR 97128
$8,250,000
  • - Beds
  • - Baths
  • 35,040 sq. ft.
  • Multi-family
  • Active
Listed by: gabe johansen
Office: smi commercial real estate llc.503-830-1118
MLS#:212440031
Source:PORTLAND

Price summary

  • Price:$8,250,000
  • Price per sq. ft.:$235.45

About this home

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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Home facts

  • Year built:1978
  • Listing ID #:212440031
  • Added:1 day(s) ago
  • Updated:August 20, 2026 at 11:18 AM

Rooms and interior

  • Living area:35,040 sq. ft.

Structure and exterior

  • Year built:1978
  • Building area:35,040 sq. ft.
  • Lot area:3.74 Acres
  • Levels:2 Stories

Schools

  • High school:McMinnville
  • Middle school:Patton
  • Elementary school:Grandhaven

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$8,250,000
  • Price per sq. ft.:$235.45
  • Tax amount:$15,249 (2025)

Parking

  • Parking description:Off Street
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Knipe Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: August 20, 2026

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