Exclusive Offering
Second Street Residences
2077 S Second Street, Lebanon, OR 97354
Pricing
$3,750,000
$110,294 Per Unit
The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of Second Street Residences, a 34-unit multifamily community in Lebanon, Oregon. The property features a diverse mix of studios, flats, townhomes, and a residential-style house that together create a neighborhood-oriented living experience with strong tenant appeal.
Second Street Residences is offered in conjunction with Juniper Square, a 38-unit multifamily community in Lebanon, Oregon. The properties are available for purchase individually or together as a portfolio.
Full financials and property information are available on the Offering Memorandum.
Property Overview
A Low-Density Residential Community
Second Street Residences offers a diverse mix of studios, flats, townhomes, and a single-family house, creating a more neighborhood-oriented living experience than traditional apartment communities. Residents benefit from private outdoor spaces, a central laundry facility, storage options, and abundant off-street parking. The property has benefited from ongoing capital investment and offers strong curb appeal and broad tenant appeal.
Units
34
Year Built
1977
Asset Type
Multifamily
Unit Summary
Unit Mix
| Unit Type | # Units | Approx SF |
|---|---|---|
| Studio / 1 Bath Flat | 4 | 352 |
| 1 Bed / 1 Bath Flats | 10 | 474 |
| 2 Bed / 1.5 Bath Townhomes | 19 | 928 |
| 3 Bed / 1 Bath House | 1 | 1,152 |
| Total / Average | 34 | 733 Avg |
Gallery
Property Photos
Location
Lebanon, Oregon
Lebanon is located in Linn County in Oregon's Willamette Valley, roughly midway between Salem and Eugene and a short drive east of Interstate 5. The city offers residents a small-town setting with convenient access to the larger employment centers of Albany and Corvallis.
The community sits within an established residential neighborhood close to schools, retail, medical services, and parks, supporting steady demand for well-maintained rental housing.
Second Street Residences is located at 2077 S Second Street, Lebanon, OR 97354.
Documents
Offering Memorandum
Second Street Residences OM
Complete offering memorandum with financials, rent roll, and market data
Exclusively Listed By
The Rhoades Group
Whitney Rhoades
Managing Director Investments
503.351.0146 (Cell)503.200.2022 (Office)Whitney.Rhoades@marcusmillichap.comLicense OR 201204200
Nygel Drury
Senior Director Investments
608.234.2035 (Cell)503.200.2064 (Office)Nygel.Drury@marcusmillichap.comLicense OR 201232300