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2048 NE HIGHWAY 99W McMinnville, OR $ 8,250,000
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2048 NE HIGHWAY 99W
$ 8,250,000
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2048 NE HIGHWAY 99W

McMinnville, OR, 97128
$ 8,250,000
Bedrooms3 Baths2.0 Sq 35,040

Monthly Estimate*

$ 52,091

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Multi-Family Home for sale in McMinnville, OR

for $8,250,000 with 3 bedrooms and 2 full baths. This 35,040 square foot home was built in 1978 on a lot size of 3.74.

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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Multi-Family Active

Price

$ 8,250,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 15,249

Style

Lot Size

3.74

Year Built

1978

Town/City

McMinnville

County/Region

Yamhill

MLS | Web ID

212440031
Features
General
Sewer PublicSewer
Heating Other
Cooling Other
Roof Other
Zoning C3
Year Built 1978
Stories Count 2
Tax Year 2025
Parcel Number 129783
Gross Income 0
County Yamhill
Net Operating Income 0
Operating Expense 0
Property Type MultiFamily
HOA N
Rent Includes None
Status Active
Directions McDaniel Lane
High School McMinnville
City McMinnville
Number Of Units Total 48
MLS Area _156
Lot Size Square Feet 162914.0
Listing Terms Cash Conventional
Elementary School Grandhaven
Tax Annual Amount 15249.27
Middle/Junior High School Patton
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SEE METES & BOUNDS
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Exterior
Parking Features OffStreet
Water Source PublicWater
Exterior Description Other
Building Area Total 35040.0
Lot Size Acres 3.74
Road Surface Type Paved
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Interior
Hot Water Other
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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Internal Only
Street Number 1 2048
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* Excluded Features
List By
Smi Commercial Real Estate Llc

Broker

gabe@smire.com

Email

Affordability Calculator

$53,362
Per Month
98%
2%
0%
Monthly Principal & Interest
$52,091
Monthly Property Taxes
$1,271
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949088 Elementary School
1950262 Middle School
McMinnville High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/19/2026$8,250,000 Listed Price

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2048 NE HIGHWAY 99W, McMinnville, OR, 97128 is a Multi-Family Home for sale at $8,250,000 with 35,040 sqft and a lot size of 3.74. 2048 NE HIGHWAY 99W has 3 bedrooms, 2.0 baths, and was built in 1978. The property's zip code is 97128 which is in McMinnville, OR

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