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$8,250,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 2 days ago
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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.

Full Property Details for 2048 NE Hwy 99W

General

  • Price: $8,250,000
  • Taxes: $15,249 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 212440031
  • Updated: 8/19/2026
  • Added to Site: 2 day(s) ago

Rental Information

  • Rent Includes: None

Parking

  • Parking Features: Off Street

Location

  • County: Yamhill
  • Driving Directions: McDaniel Lane

School Information

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

Community

  • Community Name: 156 - Yamhill County including Willamina

Heating & Cooling

  • Cooling Type: Other
  • Heating Type: Other
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Roof: Other
  • Stories/Levels: 2
  • Square Feet: 35,040
  • Year Built: 1978
  • Property Condition: Approximately

Lot Features

  • Lot Size (Acres): 3.74
  • Lot Size (Sq. Ft.): 162,914
  • Lot Size: 3 to 4.99 Acres
  • Frontage: Paved

Financial Considerations

  • Tax Amount: $15,249.27
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: SEE METES & BOUNDS
  • Property ID: 129783

Listed by SMI Commercial Real Estate LLC (503) 830-1118, Gabe Johansen (503) 830-1118

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Listing agent

— 2048 NE Hwy 99W —

  • Gabe Johansen

    SMI Commercial Real Estate LLC

    503-830-1118

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 2048 NE Hwy 99W

School District:McMinnville School District 40
NameGradesDistance
Grandhaven Elementary School
3200 Northeast McDonald Lane, McMinnville, OR 97128
K-50.5 mi
Patton Middle School
1175 Northeast 19th Street, McMinnville, OR 97128
6-80.6 mi
Mcminnville High School
615 Northeast 15th Street, McMinnville, OR 97128
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2048 NE Hwy 99W Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/19/2026
Listed
$8,250,000
71.88%
MLS
2/27/2019
Sold
$4,800,000
—
Public Record
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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 2048 NE Hwy 99W

Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,249
6%
$856,378
3%
2024
$14,451
6%
$831,435
3%
2023
$13,644
8%
$807,218
6%
2021
$12,620
-2%
$760,881
-3%
2022
$12,925
2%
$783,707
6%
2021
$12,620
4%
$738,719
3%
2019
$12,179
2%
$717,203
3%
2018
$11,939
-68%
$696,314
-68%
2017
$37,108
234%
$2,177,162
232%
2016
$11,110
2%
$656,343
3%
2015
$10,840
6%
$637,228
3%
2014
$10,255
4%
$618,669
3%
2013
$9,902
—
$600,651
—
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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Listed by SMI Commercial Real Estate LLC (503) 830-1118, Gabe Johansen (503) 830-1118

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2048 NE Highway 99W, McMinnville, OR 97128 (MLS# 212440031) is a Multi-Family property with 48 units containing 0 bedrooms and 0 full bathrooms. 2048 NE Highway 99W is currently listed for $8,250,000 and was received on August 19, 2026. Want to learn more about 2048 NE Highway 99W? Do you have questions about finding other Multi-Family real estate for sale in McMinnville? You can browse all McMinnville real estate or contact a Coldwell Banker agent to request more information.

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