$599,000
$51K PRICE DROP

2634 S 7th St Lebanon, OR 97355

Estimated payment $3,750/month

Total Views 7,052
6 Beds
3 Baths
3,096 Sq Ft
$193 Price per Sq Ft

Highlights

  • Territorial View
  • Lap Siding
  • No Heating
  • Garage

About This Home

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 great income potential, this triplex is a solid choice in a prime location. Don't miss out on this excellent investment opportunity!

Listing Agent

Sherri Gregory

Keller Williams Rlty Mid Wlmte License #970300073 Listed on: 01/10/2025

Keller Williams Rlty Mid Wlmte

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,218

Year Built

  • Built in 1978

Lot Details

  • 0.28 Acre Lot

Home Design

  • Composition Roof
  • Lap Siding

Interior Spaces

  • 3,096 Sq Ft Home
  • 2-Story Property
  • Territorial Views
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • Garage
  • Driveway

Schools

  • Cascades Elementary School
  • Seven Oak Middle School
  • Lebanon High School

Utilities

  • No Cooling
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 0406518

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $5,049
  • Gross Income $53,280
  • Net Operating Income $48,231

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,218

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1978
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 6
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • View: Yes
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Cascades
  • High School: Lebanon
  • Middle Or Junior School: Seven Oak

Lot Info

  • Zoning: RL
  • Lot Size Acres: 0.28
  • Lot Size Sq Ft: 12196.0
  • Parcel #: 0406518

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5218.2

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 11.24
  • Annual Gross Income: 53280.0
  • Property Net Operating Income: 48231.0
  • Annual Operating Expense: 5049.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,218 $248,310 -- --
2023 $5,049 $241,080 $0 $0
2022 $4,943 $234,060 $0 $0
2021 $4,767 $227,250 $0 $0
2020 $4,708 $220,640 $0 $0
2019 $4,474 $214,220 $0 $0
2018 $4,218 $207,990 $0 $0
2017 $4,270 $201,940 $0 $0
2016 $4,004 $196,060 $0 $0
2015 $3,915 $190,350 $0 $0
2014 $3,791 $184,810 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2025 04/08/25 Price Changed $599,000 -7.8% $193 / Sq Ft
12/23/2024 12/23/24 For Sale $650,000 -- $210 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 261310723

Regional Multiple Listing Service (RMLS)

APN: 0406518