Edgewater Square

For Sale

313-495 Wheeler Street, Lebanon, OR 97355

This Lebanon property for sale is located at 313-495 Wheeler Street. The general use of Edgewater Square is multi-family and it incorporates 26,152 square feet of class C multi-family space. The current listed sale price for Edgewater Square is $3,999,000. Edgewater Square is situated on a lot that is 0.48 acre in size.

Contacts

broker
Bjorn Beer

SVN | Imbrie Realty

Property Details

  • Property Type Multi-Family
  • Property Size 26,152 SF
  • Units 30
  • Lot Size 0.48 Acre
  • Building Class C
  • Year Built 1972
  • Date Updated Apr 8, 2025
Located in Lebanon, OregonEdgewater Square Apartments offer investors upside in a market that is positioned for continued growth. Lebanon is a bedroom community for Corvallis, the most rent burdened market in Oregon and home to Oregon State University. Rents are approximately 25% below market. Current owners have removed trouble tenants and made numerous improvements such as (but not limited to) asphalt repairs and resurfacing, tree removal, common area dumpsters, deck replacement, gutter replacement, and replacement of forced air heat pumps. Excess land on the property allows buyers to develop at least 8 additional two story units.
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Highlights

  • Significant rent upside
  • Buildable land
  • Washer/Dryer Hookups
  • Private Patios
  • Single-level, age-in-place living
  • Tenants pay water/sewer, gas, and electricity.
  • Owner pays garbage recycling.
  • 11 tenant garages with significant upside
  • Opportunity to charge RUBS

Getting around

  • 38/100

    Walk Score ®

  • 72/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Lebanon, OR
  • Zip Code 97355
  • Market Eugene

Points of Interest

  • Chevron

    0.61 miles

  • Safeway

    1.36 miles

  • EZ

    7.74 miles

  • Leather's Fuel

    7.75 miles

  • Electrify America

    9.22 miles

  • 3hr

    0.70 miles

  • Best Western Premier Boulder Falls Inn

    0.55 miles

  • Rodeway Inn

    9.67 miles

  • Phoenix Inn

    9.72 miles

  • Best Western Prairie Inn

    9.73 miles

  • Vinnie's

    0.75 miles

  • Safeway

    1.34 miles

  • Mega Foods

    1.37 miles

  • Walmart Supercenter

    2.03 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Bjorn Beer

SVN | Imbrie Realty

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