Edgewater Square

313-495 Wheeler Street, Lebanon, OR 97355

  • For Sale $3,999,000
  • 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

Contacts

broker
Bjorn Beer

SVN | Imbrie Realty

Location

Getting Around

  • Walk Score ®

    38/100 Car-Dependent

  • Bike Score ®

    72/100 Very Bikeable
Powered by Walk Score ®
  • 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

  • 1847 Bar and Grill

    0.56 miles

  • Growler Cafe

    0.65 miles

  • UFO Thai Food

    0.75 miles

  • Mama's Italian

    0.79 miles

  • Sum Yan

    0.79 miles

  • Momiji Sushi Restaurant

    1.19 miles

  • Jack in the Box

    1.41 miles

  • Taco Bell

    1.41 miles

  • Taco Time

    1.62 miles

  • Ivan's Cheesesteak

    1.84 miles

  • Linn-Benton Community College Lebanon Center

    0.29 miles

  • Pioneer School

    0.73 miles

  • Green Acres Elementary School

    1.15 miles

  • Lebanon High School

    1.36 miles

  • Riverview School

    1.47 miles

  • Cascades School

    1.66 miles

  • Seven Oak Middle School

    2.52 miles

  • East Linn Christian Academy

    3.15 miles

  • Hamilton Creek School

    3.90 miles

  • Sand Ridge Charter School

    4.82 miles

Frequently Asked Questions

How much does Edgewater Square cost?

The space currently listed for sale at Edgewater Square asks for $3,999,000.

What is the total square footage of Edgewater Square?

Edgewater Square totals 26,152 square feet.

When was this property built?

Edgewater Square was built in 1972.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Bjorn Beer

SVN | Imbrie Realty

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