#608805225, Anastasia Caranfil, Listing office: Anastasia Realty Group LLC
Property details
About 591 W Sherman St
Single-story 10-unit apartment complex located in West Lebanon. Built in 1948, the property offers (3) 2 bed / 1 bath units and (7) 1 bed / 1 bath units. As-is cap rate is 6.87% and 7.88% on highest achieved rents. Two units have been fully renovated, offering immediate rent growth potential as leasing demand remains strong. The property features a central courtyard, off-street parking, and onsite laundry — appealing amenities in a quiet, residential neighborhood.
Highlights
Home typeOther
HeatingOther
StatusActive
Lot size0.38 Acres
Year built1948
MLS #639912323
Summary
- Attached Garage: No
- Heating: Other
- Cooling: None
- List Price: $1,295,000
- Annual Tax Amount: $6,381
- Tax Year: 2023
- Directions: 7th St S
- Year Built: 1948
- Stories: 1
- Lot Size: 0.38 Acres
- MLS Number: 639912323
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: SMI Commercial Real Estate LLC
- Office Phone: (503) 390-6060
- Listing Agent: Eric Swanson
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 6:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 28, 2022 | Home Sold | $1,095,000 |
| Jun 24, 2020 | Home Sold | $50,000 |
| May 16, 2016 | Home Sold | $385,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $304,700 | $6,381 |
| 2022 | $295,830 | $6,247 |
| 2021 | $287,220 | $6,024 |
| 2019 | $270,740 | $5,653 |
| 2018 | $262,860 | $5,609 |
| 2017 | $255,210 | $5,477 |
History based on county public records data.
Nearby schools
6
Green Acres School
Public District KG-5
0.1 mi
•700 S 10th St
6
Cascades School
Public District KG-5
1.1 mi
•2163 S 7th St
7
Riverview School
Public District KG-5
1.7 mi
•1011 Mountain River Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $30,150. The most common annual income of people living in Lebanon, OR is less than $<35k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
56%
<35k
37%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
46%
Single, No Kids
14%
Single, with Kids
23%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
9%
12-17 yrs old
21%
18-34 yrs old
36%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Extreme Sports
NASCAR
Where do the neighbors shop?
Kmart
Academy Sports & Outdoors
Stein Mart
Where do the neighbors go to eat?
Bob Evans
Little Caesars
Cracker Barrel
What do the neighbors drive?
Buick
Chevrolet
Ram
What do the neighbors listen to?
Oldies
Country
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 591 W Sherman St
The listing price of 591 W Sherman St property is $1,295,000.
The property 591 W Sherman St is a house located in Lebanon, Oregon, 97355.
Active Listing: 591 W Sherman St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 591 W Sherman St are: Green Acres School (GreatSchools Rating 6/10), Cascades School (GreatSchools Rating 6/10), Riverview School (GreatSchools Rating 7/10), PioneerSchool (GreatSchools Rating 5/10), Seven Oak Middle School (GreatSchools Rating 6/10), Hamilton Creek School (GreatSchools Rating 5/10), Lebanon High School (GreatSchools Rating 4/10), South Albany High School (GreatSchools Rating 4/10), Riverside High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $6,381 (source: MLS/based on county public records data).
The last sale was on February 28, 2022 for $1,095,000 (source: MLS/tax record).
The property at 591 W Sherman St has 0 bathroom.
The year of construction for 591 W Sherman St is 1948.
This home is located at 591 W Sherman St in Lebanon, OR and zip code 97355 in the Fruitdale neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 3, 2025 and is currently priced at $1,295,000.
In June 2025, from all listings sold in Lebanon, OR there were more than 4 sold above asking price, over 2 sold below and more than 5 were sold right at the asked price. The number of listings in Lebanon, OR decreased by 11.1% between May and June 2025. The median list price of listings available in June 2025 was $385,000, while the average time on the real estate market was 11 days.
From Rocket Homes Real Estate and based on county public records data.