Lebanon Portfolio 1 Multifamily Properties Offered at $7,050,000 in Lebanon, OR

» New Construction Quality at Attainable Basis Lebanon Townhomes (2018) and
Wassom Street Townhomes (2020) represent two of Lebanon’s newest multifamily
assets, offering investors a low-maintenance, modern portfolio with no deferred
capital requirements. Buyers may acquire both properties as a portfolio or individually,
providing flexible exit and financing strategies.
» Townhome Product in High Demand All 38 units across both properties are two bedroom,
1.5 bath townhome-style residences averaging 928 square feet a spacious,
in-demand format where residents have no one above or below them. In-unit washer/
dryer hookups, ample parking, and pet-friendly policies further differentiate these
assets from conventional apartment stock in the Lebanon market.
» Rentable Storage and Value-Added Amenities Lebanon Townhomes offers residents
rentable storage units, a supplemental income stream and a practical amenity that is
difficult to find in the submarket. Wassom Street Townhomes features a basketball court,
enhancing the community’s appeal for active residents and families.
» Lebanon’s Economic Momentum and Growing Workforce Lebanon is one of the
Willamette Valley’s fastest-growing small cities, with employment growing from 8,750 to
8,900 jobs between 2023 and 2024. Major local employers include Lowe’s Regional
Distribution Center (650 employees), Samaritan Lebanon Community Hospital, Entek
International, and Western University of Health Sciences anchoring a diverse, stable
employment base that supports consistent rental demand.
» Gateway to the Corvallis-Albany Employment Corridor Lebanon sits at the crossroads
of Hwy 20 and Hwy 34, placing residents within approximately 25 minutes of both
Corvallis and Albany. Corvallis is home to Oregon State University (38,000 students),
a Hewlett Packard R&D campus, and Samaritan Health Services one of Oregon’s ten
largest nonprofit employers. I-5 access via Albany connects residents to the broader
Willamette Valley employment market.
» Willamette Valley Lifestyle at Affordable Living Costs Lebanon offers residents a
small-town quality of life in the heart of the Willamette Valley, with access to the South
Santiam River, trail systems, Cheadle Lake Park, and year-round outdoor recreation.
The city’s lower cost of living relative to Portland and Corvallis makes it an attractive
alternative for workforce renters, supporting occupancy stability across the submarket.