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Lebanon, OR Multifamily Homes & Duplexes for Sale

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  • /47

    $299,900

    • 3 Beds
    • 2 Baths
    • 2,174 Sq Ft

    1460 Cascade Dr, Lebanon, OR 97355

    Investor Alert! Two homes on one 0.4-acre lot just outside Lebanon city limits! This REO property is mid-renovation and ready for your vision. The front home offers 3 beds, 2 baths, while the back home is a blank canvas for your custom layout. Great potential for rental income or multi-family living. Renovations started—just needs your finishing touch. Sold as-is, where-is. Don’t miss this

    Agent Photo

    Laura Gillott

    KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM

    (458) 221-4098

    1460 Cascade Dr, Lebanon, OR 97355
  • /39

    $425,000

    • 3 Beds
    • 2 Baths
    • 1,510 Sq Ft

    32008 Moss St, Lebanon, OR 97355

    Timeless Mid-Century Ranch, including Solid Oak Floors and craftsman touches throughout. Built-in range, newer Fridge, and a warm family room with fireplace that opens to a Covered Deck, perfect for year-round BBQs. The spacious living room offers great light and a view of the expansive backyard, ideal for entertaining, gardening, or relaxing. The Mud/Laundry Room adds everyday convenience, and

    David Leverich eXp Realty LLC

    32008 Moss St, Lebanon, OR 97355
  • /21

    $459,000

    • 6 Beds
    • 2 Baths
    • 2,052 Sq Ft

    930 Walker Rd, Lebanon, OR 97355

    Charming corner duplex in Lebanon with separate street access! Each unit offers 2 bedrooms, 1 bath, an attached single-car garage, and a backyard patio. Conveniently located near I-5 for easy commuting, this property provides a versatile opportunity—live in one unit and rent the other, or lease both for steady income. A rare find with strong potential!

    Sherri Gregory KELLER WILLIAMS REALTY-GHT

    930 Walker Rd, Lebanon, OR 97355
  • /11

    $435,000

    • 4 Beds
    • 2 Baths
    • 1,720 Sq Ft

    590 Manor Way, Lebanon, OR 97355

    This duplex on a quiet cul-de-sac in Lebanon is full of potential! Each unit offers 2 bedrooms, 1 bathroom, washer/dryer hookups, and an attached single-car garage with extra storage. Whether you choose to live in one side while renting the other or lease both units, this property provides flexibility and strong income potential. Conveniently located near I-5, it’s a smart opportunity for both

    Sherri Gregory KELLER WILLIAMS REALTY-GHT

    590 Manor Way, Lebanon, OR 97355
  • /20

    $794,000

    • 6 Baths

    178 S Main St, Lebanon, OR 97355

    Unique opportunity! 6plex - Fully renovated in 2019! All units have new kitchens and new bathrooms. Ductless heating and cooling added. All units have refinished hardwood floors and stainless steel appliances. New windows, new doors, new roofs. Property received new PEX water lines from the street. New laundry room added. All siding replaced with hardy board. Electric panels updated and more.

    ANASTASIA CARANFIL ANASTASIA REALTY GROUP LLC

    178 S Main St, Lebanon, OR 97355
  • /23

    $405,000

    • 3 Beds
    • 2.5 Baths
    • 1,654 Sq Ft

    80 Oakway Place, Lebanon, OR 97355

    This beautifully maintained home offers the ideal combination of comfort, functionality, and outdoor living. Featuring 3 bedrooms, 2.5 bathrooms, and a 2-car garage. Enjoy central A/C, a cozy fireplace on cool evenings and a layout that flows effortlessly. Step outside to your fully fenced backyard—your own private oasis—complete with UG sprinklers and a hot tub. The spacious deck is ideal for

    DANIEL RAMIREZ eXp Realty LLC

    80 Oakway Place, Lebanon, OR 97355
  • /24

    $635,000

    • 6 Beds
    • 3 Baths
    • 3,115 Sq Ft

    91 S Main St, Lebanon, OR 97355

    Historic style, modern cash flow. This 1910 classic does double duty: the main level has hosted Airbnb guests (~$35K/yr) w/hardwoods, a gourmet kitchen, spa-like baths, soaking tub, and a cozy wine cellar. Upstairs, a sleek self-contained 2-bed ADU w/private entry adds live/rent/host flexibility—multi-gen or income. 0.23-acre lot, detached 2-car garage, near Lebanon's medical campus, library &

    Sue Long KELLER WILLIAMS REALTY MID WILLAMETTE

    91 S Main St, Lebanon, OR 97355
  • /41

    $1,359,800

    • 12 Beds
    • 12 Baths
    • 6,142 Sq Ft

    37731 Roll Tide Ct, Lebanon, OR 97355

    New Construction Duplexes in a High Demand Market! Do not miss this rare chance to own two brand new duplexes in one of Lebanons most sought after neighborhoods. Located in the scenic River Trail community, nestled between Cheadle Lake Park and the Santiam River. These properties offer direct access to the North Shore Trail and Riverview Park, creating a uniquely attractive lifestyle for future

    Mark Shadrin BERKSHIRE HATHAWAY HOMESERVICES R E PROF

    37731 Roll Tide Ct, Lebanon, OR 97355
  • /32

    $1,195,000

    • 3 Beds
    • 2 Baths

    591 W Sherman St, Lebanon, OR 97355

    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 7.67% Cap on Actuals, 8.46% on Proforma. 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

    Eric Swanson SMI Commercial Real Estate LLC

    591 W Sherman St, Lebanon, OR 97355
  • /35

    $400,000

    • 2 Beds
    • 1 Bath
    • 1,476 Sq Ft

    35 W Mary St, Lebanon, OR 97355

    Don’t miss this fantastic duplex featuring two 2-bedroom, 1-bathroom units—perfect for investors or multi-generational living. One unit has been beautifully remodeled with new windows, new front and garage doors, fresh kitchen and bathroom flooring, and a brand-new shower. Each unit offers comfortable living space and excellent rental potential. Conveniently located in a quiet Lebanon

    Mark Charlesworth Keller Williams PDX Central

    35 W Mary St, Lebanon, OR 97355
  • /20

    $685,000

    • 6 Beds
    • 4 Baths
    • 2,804 Sq Ft

    951 Wassom St, Lebanon, OR 97355

    Don’t miss this sought-after neighborhood—an excellent addition to any investment portfolio. Each unit offers a spacious 3-bedroom, 2-bath layout with 1,402 sq. ft. of living space, plus its own driveway and garage for added convenience. Side 951 has been completely renovated, featuring an updated kitchen with a stylish new tile backsplash, modern hardware, a new garbage disposal, and more.

    Andy Wilcox Matin Real Estate

    951 Wassom St, Lebanon, OR 97355
  • /14

    $435,000

    • 4 Beds
    • 2 Baths
    • 1,608 Sq Ft

    560 Manor Way, Lebanon, OR 97355

    This 0.24-acre lot offers a fantastic opportunity for investors or homeowners seeking versatility. With an attached single-car garage, it’s perfect for either an investment property or a one-side owner occupancy. Recently updated with fresh flooring and paint, the home has a refreshed look . Enjoy the privacy and security of a fully fenced yard, perfect for pets or outdoor activities. Located on

    Sherri Gregory KELLER WILLIAMS REALTY-GHT

    560 Manor Way, Lebanon, OR 97355
  • /6

    $599,000

    • 6 Beds
    • 3 Baths
    • 3,096 Sq Ft

    2634 S 7th St, Lebanon, OR 97355

    This well-maintained triplex presents a fantastic investment opportunity, offering three units in a highly desirable area. Each unit includes its own parking space with a single-car garage for added tenant convenience. Ideally located for commuters, the property provides easy access to major roads and public transportation. Whether you’re expanding your rental portfolio or seeking a property with

    Sherri Gregory KELLER WILLIAMS REALTY-GHT

    2634 S 7th St, Lebanon, OR 97355
  • /6

    $540,000

    • 6 Beds
    • 3 Baths
    • 4,698 Sq Ft

    54 W Sherman St, Lebanon, OR 97355

    LOOK at that BRAND NEW ROOF!!! Excellent investment opportunity with this mixed use property that has 3 nice apartments and a downstairs retail space with 30 ft of sidewalk frontage. Great location within a block of Main St and short distance to stores, schools, etc. Building is sprinklered, has separately metered electricity & gas and has 4 parking spaces in back. Possible Owner Occupant Multi

    Bryson Lewis CENTURION REAL ESTATE SERVICES

    54 W Sherman St, Lebanon, OR 97355
  • /30

    $629,900 New Construction

    • 3 Beds
    • 3 Baths
    • 2,622 Sq Ft

    2490 Roll Tide Ct, Lebanon, OR 97355

    Brand NEW Duplex that can generate $3990 in monthly rents! 3 bedroom, 2.5 bath, 1,311 sqft per side in an amazing location! Excellent location sited off of River Dr. between the Santiam River and Cheadle Lake Park, just steps from N. Shore Trail with walking trail access to the South Santiam River via Riverview Park. Live in one side and rent out the other, or live/rent out both! Creek front and

    Mark Shadrin Berkshire Hathaway HomeServices Real Estate Professionals

    2490 Roll Tide Ct, Lebanon, OR 97355
  • /29

    $729,900 New Construction

    • 6 Beds
    • 6 Baths
    • 3,952 Sq Ft

    2476 Roll Tide Ct, Lebanon, OR 97355

    Brand NEW Duplex that can generate $4590 in monthly rents! 3 bedroom, 2.5 bath, 1976 sqft per side in an amazing location! Excellent location sited off of River Dr. between the Santiam River and Cheadle Lake Park, just steps from N. Shore Trail with walking trail access to the South Santiam River via Riverview Park. Live in one side and rent out the other, or live/rent out both! Creek front and

    Mark Shadrin BERKSHIRE HATHAWAY HOMESERVICES R E PROF

    2476 Roll Tide Ct, Lebanon, OR 97355
  • /30

    $629,900 New Construction

    • 6 Beds
    • 6 Baths
    • 2,622 Sq Ft

    2488 Roll Tide (-2490) Ct, Lebanon, OR 97355

    Brand NEW Duplex that can generate $3990 in monthly rents! 3 bedroom, 2.5 bath, 1,311 sqft per side in an amazing location! Excellent location sited off of River Dr. between the Santiam River and Cheadle Lake Park, just steps from N. Shore Trail with walking trail access to the South Santiam River via Riverview Park. Live in one side and rent out the other, or live/rent out both! Creek front and

    Mark Shadrin BERKSHIRE HATHAWAY HOMESERVICES R E PROF

    2488 Roll Tide (-2490) Ct, Lebanon, OR 97355
  • /36

    $5,300,000 New Construction

    • 42 Beds
    • 30 Baths

    10/12 Sand Ridge (6 Total Duplexes) Ct, Lebanon, OR 97392

    WELCOME 2025 with this tremendous investment opportunity! Six very beautiful duplex units featuring spacious living area, luxury vinyl plank on main floors and carpet on steps and in bedrooms. Gas HVAC forced with A/C. Across from city park. Convenient to shopping, schools and east access to I-5. Landscaped yard with UGS. Double car garages with ample parking. ALL UNITS ARE FULLY LEASED.

    LEE KLAMPE BERKSHIRE HATHAWAY HOMESERVICES R E PROF

    10/12 Sand Ridge (6 Total Duplexes) Ct, Lebanon, OR 97392
  • /36

    $889,200 New Construction

    • 7 Beds
    • 5 Baths
    • 3,685 Sq Ft

    16 & 18 Sandridge Ct, Lebanon, OR 97355

    GREAT INVESTMENT NEW DUPLEX. Across from city park. Spacious living area. Luxury vinyl on main floor with carpet on steps and in bedrooms. Gas HVAC forced air with A/C. Prime location for shopping, schools and easy access to I-5. landscaped yard with UGS. Close to Western University of Health Sciences. FULLY LEASED.

    LEE KLAMPE BERKSHIRE HATHAWAY HOMESERVICES R E PROF

    16 & 18 Sandridge Ct, Lebanon, OR 97355
  • /41

    $1,359,800 New Construction

    • 6 Beds
    • 6 Baths
    • 6,142 Sq Ft

    37731 Roll Tide Ct, Lebanon, OR 97355

    New Construction Duplexes in a High Demand Market! Do not miss this rare chance to own two brand new duplexes in one of Lebanons most sought after neighborhoods. Located in the scenic River Trail community, nestled between Cheadle Lake Park and the Santiam River. These properties offer direct access to the North Shore Trail and Riverview Park, creating a uniquely attractive lifestyle for future

    Mark Shadrin Berkshire Hathaway HomeServices Real Estate Professionals

    37731 Roll Tide Ct, Lebanon, OR 97355
  • /26

    $798,000 New Construction

    • 6 Beds
    • 5 Baths
    • 2,892 Sq Ft

    71 Sand Ridge (& 75) Ct, Lebanon, OR 97355

    New duplex in great location. Fully fenced and landscaped. Luxury vinyl on first floor, finished garage, gas HVAC with A/C. Quartz countertops.

    LEE KLAMPE BERKSHIRE HATHAWAY HOMESERVICES R E PROF

    71 Sand Ridge (& 75) Ct, Lebanon, OR 97355
  • /35

    $798,000 New Construction

    • 6 Beds
    • 5 Baths
    • 2,892 Sq Ft

    63 Sand Ridge Ct, Lebanon, OR 97355

    New duplex in great location. Fully fenced and landscaped. Luxury vinyl on first floor, finished garage, gas HVAC with A/C. Quartz countertops.

    LEE KLAMPE BERKSHIRE HATHAWAY HOMESERVICES R E PROF

    63 Sand Ridge Ct, Lebanon, OR 97355

Why Live in Lebanon

Lebanon, Oregon, known as "Strawberry City," is a suburban community celebrated for its annual Lebanon Strawberry Festival and its rich agricultural history in the Willamette Valley. The city offers a quaint downtown with Victorian homes and vintage storefronts, including the historic Kuhn Cinema. Culinary options range from pizzerias to sushi and gluten-free organic eateries. Lebanon features a variety of home styles, including New Traditional, Craftsman, and ranch-style homes, with colorful houses lining the town center and larger properties with barns on the outskirts. The Lowe's Regional Distribution Center, Entek International, and Samaritan Lebanon Community Hospital are key employers. Lebanon's crime rates are lower than the national average for violent crimes, though property crime rates are comparable to national trends. The city is well-connected via the Lebanon Inter-Neighborhood eXpress (LINX) bus system and is less than 10 miles from Interstate 5, providing access to Salem and Eugene. Outdoor enthusiasts can enjoy hiking trails, rafting on the South Santiam River, and events at Cheadle Lake Park, such as Guitars Under the Stars. Lebanon's warm-summer Mediterranean climate brings higher rainfall during the winter, which can lead to flooding. The Lebanon Community School District offers a low student-teacher ratio, and higher education options include Western University of Health Sciences and Linn-Benton Community College.

Home Trends in Lebanon, OR

Housing Trends

Median Sale Price
$365,000
Median Single Family Sale Price
$369,900
Median 2 Bedroom Sale Price
$280,000
Average Price Per Sq Ft
$278
Number of Homes for Sale
47
Last 12 months Home Sales
331
Months of Supply
1.70
Median List Price
$379,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-4%
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