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Seven-Unit Residential Income Property

340 S Main St Lebanon, OR 97355

Claim this Listing
For Sale
$675,000

MULTI_FAMILY - Lebanon, OR

Property size:
3,349 SF
Lot size:
0.24 Acres
Price / SF:
$201/SF
Added:
May 7, 2026
Days on Market:
67
Last Refresh:
Jul 12 at 3:06 am

Property Features for 340 S Main St

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
APN
0174033
Size
3,349 SF
Lot size
0.24 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
4565

Building Details

Year built
1938
Number of units
7
Roof type
Composition

Listing agent LAURA GILLOTT License #920300248

Listing office KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM 266 E GRANT ST, Corvallis, OR

Listing date May 7, 2026

MLS# 840732 Listing URL

Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This seven-unit residential income property features a practical mix of layouts, with six 1-bedroom, 1-bath units and one 2-bedroom, 2-bath unit. The larger unit includes a laundry hookup, supporting an in-unit setup for that configuration. The property is offered with 100% occupancy as reported in the listing remarks, with rents and expenses currently in place.

The complex is located on the north side of Lebanon, Oregon, at 340 S Main St (Linn County). The listing describes it as a convenient, town-based location within a small multi-family setting.

For tenants and operators, the unit mix can appeal to residents seeking either compact 1-bedroom living or a larger 2-bedroom layout within the same building. From an ownership perspective, the seller notes that management reflects a 6.8% cap rate at the asking price, and requests no showings without an accepted offer and no direct contact with tenants.

Key Highlights

  • 7‑unit apartment complex built in 1938
  • Unit mix: six 1 bed / 1 bath units and one 2 bed / 2 bath unit
  • 2 bed / 2 bath unit includes laundry hookup

Property Analytics

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Electrical Service HVAC Service Parking Lot & Garage Auto Parts Store Barber Shop Grocery & Convenience Store Catering Service (Bike/Boat/Book/etc) Store Tech Support Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Seven-unit complex in Lebanon with mostly 1-bedroom units and one 2-bedroom with laundry hookups.
Where is this apartment building located?
The property is located at 340 S Main St Lebanon, OR.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 7‑unit apartment complex built in 1938; Unit mix: six 1 bed / 1 bath units and one 2 bed / 2 bath unit; 2 bed / 2 bath unit includes laundry hookup
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