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$515,000

  • For Sale
  • Under Contract
  • Multi-Family
  • 6 Total Beds
  • Updated 11 days ago

Listed By: BRYSON. LEWIS | Centurion Real Estate Services | (541) 760-9964 | Cell: 541-760-9964

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Accepted Offer with Contingencies. 3 nice apartments & 4th unit is a retail space with 30 ft of sidewalk frontage. New roof installed in July including professional abatement! Excellent investment opportunity with mixed use property! Great location near Main st and short distance to stores, schools, etc. Building is sprinklered, has separately metered electricity & gas and has 4 parking spaces in back. Each apartment had updates on the previous turns (interior pictures available upon request).

Full Property Details for 54 W Sherman St

General

  • Price: $515,000
  • Taxes: $2,300 (2024)
  • Status: Under Contract
  • Type: Multi-Family
  • Source: WVMLS
  • MLS ID: 833426
  • Updated: 1/6/2026
  • Added to Site: 132 day(s) ago

Interior

  • Flooring: Laminate

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 6

Location

  • County: LINN COUNTY

Heating & Cooling

  • Heating Type: Gas, Electric
  • Heating Fuel: Gas, Electric
  • Water Heater: Electric

Utilities

  • Sewer: City
  • Water: City
  • # Electric Meters: 90

Structural Information

  • Roof: Tar
  • Square Feet: 4,698
  • Below Ground: 200 Sq. Ft.
  • Year Built: 1910

Unit Information

  • Units in Building: 4

Unit 1

  • Square Feet: 1315
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Square Feet: 1144
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Square Feet: 723
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Square Feet: 1500
  • Level: Ticor
  • Total Bathrooms: 1

Unit 5

  • Square Feet: 3

Unit 6

  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 723
  • Frontage Feet: 1144
  • Lot Description: 5-6

Financial Considerations

  • Price Per Sq. Ft.: $109.62
  • Price Per Acre: $5,722,222.22
  • Assessment Year: 1910
  • Assessment Amount: $30
  • Tax Amount: $2,300
  • Tax Year: 2024

Disclosures and Reports

  • Lot Number: 5-6

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NMLS#: 1598647

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Schools serving 54 W Sherman St

School District:Lebanon Community School District 9
NameGradesDistance
Green Acres School
700 South 10th Street, Lebanon, OR 97355
K-50.7 mi
Seven Oak Middle School
550 Cascade Drive, Lebanon, OR 97355
6-82.1 mi
Lebanon High School
1700 South 5th Street, Lebanon, OR 97355
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 54 W Sherman St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/08/2025
Listed
$515,000
186.11%
MLS
3/10/2014
Sold
$180,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 54 W Sherman St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,379
3%
$112,750
3%
2024
$2,300
3%
$109,470
3%
2023
$2,226
6%
$106,290
6%
2021
$2,102
-4%
$100,200
-3%
2022
$2,180
4%
$103,200
6%
2021
$2,102
7%
$97,290
3%
2019
$1,973
1%
$94,460
3%
2018
$1,957
2%
$91,710
3%
2017
$1,911
3%
$89,040
3%
2016
$1,853
6%
$86,450
3%
2015
$1,742
—
$84,020
3%
2014
$1,747
3%
$81,580
3%
2013
$1,704
—
$79,210
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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54 W Sherman St, Lebanon, OR 97355 (MLS# 833426) is a Multi-Family property with 4 units containing 6 bedrooms and 0 full bathrooms. 54 W Sherman St is currently listed for $515,000 and was received on September 08, 2025. Want to learn more about 54 W Sherman St? Do you have questions about finding other Multi-Family real estate for sale in Lebanon? You can browse all Lebanon real estate or contact a Coldwell Banker agent to request more information.

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