McKinney Lane Apartments

HFO is pleased to present McKinney Lane Apartments, a 60-unit, 2016-built multifamily community in Lebanon, Oregon, offering investors the opportunity to acquire newer-vintage construction at an attractive basis relative to today’s replacement costs with a clearly defined path to value creation. The property features contemporary building systems and an efficient unit mix heavily weighted toward studios and one-bedroom apartments, positioning it well for Lebanon’s growing base of healthcare workers, medical students, and young professionals. Original unit interiors provide meaningful renovation upside through upgrades such as vinyl plank flooring, quartz countertops, and stainless-steel appliances, with a proven renovation program at the neighboring property supporting potential rent premiums exceeding $300 per unit. McKinney Lane further benefits from Lebanon’s continued population growth and proximity to major employers including Samaritan Lebanon Community Hospital, Lowe’s Regional Distribution Center, Entek International, and local school campuses, as well as convenient access to the Main Street corridor and regional transportation routes. Additional income from RUBS, garage and carport rentals, optional air conditioning, and pet rent further enhances the property’s income profile and long-term investment potential.