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South Lebanon Multifamily Home for Sale

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    $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

Why Live in South Lebanon

South Lebanon is characterized by ranch-style homes from the 1940s to 1960s, situated on spacious half-acre to 1-acre lots, often featuring gravel driveways and attached garages. The neighborhood's streets are lined with fir, oak, and maple trees, providing ample privacy. The South Santiam River and River Park offer opportunities for picnicking and fishing, while the Old Mill Trail connects to Riverview Park, known for its walking trails and water access. Cheadle Lake, a 72-acre site across from the neighborhood, is popular for walking, biking, and fishing, with a boat ramp available for non-motorized crafts. Main Street leads to downtown, where residents can enjoy local spots like Hazella Bake Shop, Kristi’s 50s Cafe, and Conversion Brewing, which hosts live music events in the summer. Antique and thrift stores such as Et Cetera Thrift Shop and Ruckus Relics add to the local charm. The annual Lebanon Strawberry Festival in June at Cheadle Park is a significant community event featuring carnival rides, concerts, and the world’s largest strawberry shortcake. South Lebanon is about a 10-mile drive from Interstate 5, providing access to Salem and Eugene, with local transit options including the Linn Shuttle and LINX Loop bus. The neighborhood has schools with varying ratings, with Riverview School being the highest-rated for kindergarten through fifth grade.

Home Trends in South Lebanon, OR

Housing Trends

Median Sale Price
$365,000
Median Single Family Sale Price
$382,000
Average Price Per Sq Ft
$319
Number of Homes for Sale
3
Last 12 months Home Sales
11
Months of Supply
3.30
Median List Price
$419,450
Median Change From 1st List Price
-1%
Median Home Sale Price YoY Change
-12%
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