Drumwood Apartments

McMinnville is the county seat of and most populous city in Yamhill County, Oregon. As of the 2020 census, the city had a population of 34,319. It is accessible via major roadways, and is well-connected to key destinations including Lincoln City, Portland, and Salem. Highway 18 provides a direct route to the coast, while Highway 99W is a vital north-south artery running through the heart of McMinnville. These well-maintained roadways not only ensure seamless travel within McMinnville but also contribute to the city's economic growth by facilitating trade and commerce. For businesses looking to establish a presence in McMinnville, easy access to major highways is a key advantage, offering convenience for both employees and customers. At the heart of the city's commercial landscape are its renowned wineries and vineyards, drawing visitors from far and wide. Additionally, manufacturing plays a significant role in the local economy, with companies like Cascade Steel Rolling Mills and Hydro Extrusion North America providing employment opportunities for residents. The healthcare sector thrives with facilities such as Willamette Valley Medical Center, offering essential services to the community. Moreover, the city's retail sector flourishes with a mix of local boutiques and national chainsLocated on 3.80 acres near historic Old Town McMinnville (Parcel 154861; BPP #546394 – no 2024 tax receipt), this 47-unit, Class C garden-style complex offers 39,468 SF across nine buildings. The original three buildings (14,412 SF) were built in 1982; six newer structures (25,056 SF) were added in 2020. Unit Mix: • Buildings 1 & 2: 12 × 556 SF 1 bed/1 bath • Building 3: 6 × 890 SF 2 bed/1 bath, 2 × 1,200 SF 3 bed/1 bath • Buildings 4–9: 27 × 928 SF 2 bed/1.5 bath townhomes (bedrooms upstairs) Tenants benefit from centrally located parking with high visibility, private patios/balconies, washer/dryer hookups, and modern cabinetry. This high-yield asset sits within walking distance of Linfield University and downtown amenities, with below-market rents offering significant upside for the next investor.