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155 S 8th St
Lebanon, OR 97355
Juniper Square · Multifamily Property For Sale
·
48 Units
Investment Highlights
- ESTABLISHED LEBANON ASSET - 38 Units Built in 1977 on a Low-Density 3.32-Acre Site in Lebanon
- RARE PLEX PRODUCT - Large Concentration of Duplexes and Fourplexes Offers Highly Desirable Residential Living
- RESIDENT-ORIENTED AMENITIES - Garages, Large Backyards, Air Conditioning, Laundry Options, and Ample Parking
- COMPELLING RENT UPSIDE - Market Comparables Indicate Potential for ~13%+ Rental Growth
- RECENT CAPITAL IMPROVEMENTS - Significant Investment in Siding, Windows, Gutters, and Property Infrastructure
- OPERATIONAL FLEXIBILITY - Potential to Monetize Current Owner Storage Areas and RUBS Implementation Potential
Executive Summary
Call for Offers! Monday August 31st, 5PM.?
The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of Juniper Square, a 38-unit multifamily community located in Lebanon, Oregon.? Situated on approximately 3.32 acres, the property offers a unique mix of duplexes, fourplexes, townhomes, and apartment flats that provide residents with a more residential living experience than traditional apartment communities.? A significant portion of the property consists of duplex and fourplex units, a housing type that is increasingly difficult to replicate and remains highly sought after by renters seeking privacy, outdoor space, and neighborhood character.? Residents enjoy garages and enormous backyard areas serving the duplexes and fourplexes, air conditioning in all units, washer and dryer hookups in majority of plex units, central laundry facilities serving the townhomes and apartments, generous storage sheds, and abundant off-street parking throughout the community.?
Located in the heart of the Mid-Willamette Valley, Juniper Square benefits from convenient access to major regional employers, healthcare providers, schools, shopping, dining, and recreational amenities.? Lebanon continues to attract residents seeking affordability, quality of life, and proximity to employment centers throughout the Willamette Valley, supporting consistent rental demand and long-term occupancy fundamentals.?
Ownership has invested significant capital into the property, including new vinyl siding, windows, and gutters throughout the community, creating
an attractive and well-maintained environment.? From an investment perspective, Juniper Square offers meaningful upside with current rents positioned below market levels.? Comparable properties indicate the potential for more than 13% rental growth through continued lease turnover and rent optimization, while future ownership may also benefit from implementing a RUBS program to recapture utility expenses and enhance operating performance.?
The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of Juniper Square, a 38-unit multifamily community located in Lebanon, Oregon.? Situated on approximately 3.32 acres, the property offers a unique mix of duplexes, fourplexes, townhomes, and apartment flats that provide residents with a more residential living experience than traditional apartment communities.? A significant portion of the property consists of duplex and fourplex units, a housing type that is increasingly difficult to replicate and remains highly sought after by renters seeking privacy, outdoor space, and neighborhood character.? Residents enjoy garages and enormous backyard areas serving the duplexes and fourplexes, air conditioning in all units, washer and dryer hookups in majority of plex units, central laundry facilities serving the townhomes and apartments, generous storage sheds, and abundant off-street parking throughout the community.?
Located in the heart of the Mid-Willamette Valley, Juniper Square benefits from convenient access to major regional employers, healthcare providers, schools, shopping, dining, and recreational amenities.? Lebanon continues to attract residents seeking affordability, quality of life, and proximity to employment centers throughout the Willamette Valley, supporting consistent rental demand and long-term occupancy fundamentals.?
Ownership has invested significant capital into the property, including new vinyl siding, windows, and gutters throughout the community, creating
an attractive and well-maintained environment.? From an investment perspective, Juniper Square offers meaningful upside with current rents positioned below market levels.? Comparable properties indicate the potential for more than 13% rental growth through continued lease turnover and rent optimization, while future ownership may also benefit from implementing a RUBS program to recapture utility expenses and enhance operating performance.?
Property Facts
| Price Per Unit | $96,979 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.02 AC |
| Cap Rate | 6.58% | Building Size | 37,209 SF |
| No. Units | 48 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1977 |
| Property Subtype | Apartment | Parking Ratio | 1.07/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM | ||
| Price Per Unit | $96,979 |
| Sale Type | Investment |
| Cap Rate | 6.58% |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.02 AC |
| Building Size | 37,209 SF |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | RM |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 48 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $2,331,120 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,331,120
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