Estimated payment $8,870/month
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 residents. Each unit features an open concept layout with 3 bedrooms and 3 bathrooms, designed with quality materials to minimize maintenance and attract long term residents. With projected rents totaling $8,600 per month, these duplexes offer cash flow from day one and promising appreciation in a growing market. Lebanons expanding economy, along with its proximity to the College of Osteopathic Medicine of the Pacific and Western Oregon University, supports consistent rental demand. Plus, easy access to Hwy 20, I-5, shopping, and dining enhances everyday convenience for residents. An ideal opportunity for any investor seeking immediate income and long term upside. Contact us today to secure this exceptional asset!
Listing Agent
BERKSHIRE HATHAWAY HOMESERVICES R E PROF License #201215479 Listed on: 05/27/2025
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Lot Details
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Listing and Financial Details
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2025 05/27/25 | Price Changed | $1,359,800 | 0.0% | $221 / Sq Ft |
| 05/27/2025 05/27/25 | For Sale | $1,359,800 | -49.6% | $221 / Sq Ft |
| 05/19/2025 05/19/25 | Price Changed | $2,699,900 | 0.0% | $440 / Sq Ft |
| 05/19/2025 05/19/25 | For Sale | $2,699,900 | -6.6% | $440 / Sq Ft |
| 10/14/2024 10/14/24 | For Sale | $2,891,000 | 0.0% | $471 / Sq Ft |
| 10/14/2024 10/14/24 | Off Market | $2,891,000 | -- | -- |
| 07/26/2024 07/26/24 | Off Market | $2,891,000 | -- | -- |
| 02/15/2024 02/15/24 | Price Changed | $2,891,000 | -18.0% | $471 / Sq Ft |
| 02/09/2024 02/09/24 | Price Changed | $3,526,000 | +3.4% | $574 / Sq Ft |
| 11/10/2023 11/10/23 | For Sale | $3,409,000 | -- | $555 / Sq Ft |
$1,295,000
Single story 10-unit apartment complex built in 1948 in West Lebanon. Building consists of (3) 2 bed / 1 bath units and (7) 1 bed / 1 bath units. Currently offered at a 6.87% cap rate on actuals and an 7.88% on highest achieved rents. Two of the ten units have been fully renovated. Property features a central courtyard, some off-street parking and onsite laundry room - appealing amenities in a
Eric Swanson SMI REAL ESTATE
Source: Willamette Valley MLS
MLS Number: 829385
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Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson