Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lebanon Multifamily Investment Opportunity Title is generated by Realmo AI

    340 S Main St, Lebanon, OR 97355

    View on Map
    Claim this Listing
    New
    For Sale
    $750,000

    Multi- (5+) - Lebanon, OR

    Property size:
    3,349 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $223/SF
    Added:
    May 7, 2026
    Days on Market:
    3
    Last Refresh:
    May 9 at 5:06 am

    Property Features for 340 S Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Interior features
    Handicap Amenities
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    0174033
    Size
    3,349 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4565

    Building Details

    Year built
    1938
    Number of units
    5
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    LAURA GILLOTT
    LAURA GILLOTT

    Listing agent LAURA GILLOTT

    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.

    HighLights

    • 6.8% Cap Rate at Asking Price
    • 7‑Unit Complex, 100% Occupied
    • Convenient North Side Location
    • Mix of Unit Sizes (6 x 1 bed/1 bath, 1 x 2 bed/2 bath with laundry)
    • Accessible Approach with Ramp

    Overview

    This seven-unit apartment complex is located on the north side of Lebanon, Oregon. The property includes six one-bedroom, one-bath units and one two-bedroom, two-bath unit with laundry hookups. The property is 100% occupied. The property size is 3,349 square feet and the lot size is 0.24 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Linn
    State
    Oregon
    Longitude
    -122.9073238
    Latitude
    44.5422947

    Nearby Similar for Sale

    • $515,000
      2,555 SF

      Historic Theater/Restaurant/Brewery Opportunity

      Turn-key Lebanon, OR property suitable for various commercial uses.
      644 S Main St, Lebanon, OR 97355
      View Details
    • $2,800,000
      26,456 SF

      Lebanon Industrial Complex For Sale

      Fully leased industrial complex in Lebanon, Oregon.
      2721 S Main Rd, Lebanon, OR 97355
      View Details
    • $750,000
      3,330 SF

      Remodeled Office Space with Showroom

      Luxurious remodeled office with showroom, shop, and machine shed.
      3640 S Santiam Hwy, Lebanon, OR 97355
      View Details
    • $5,000,000
      27,764 SF

      Historic Hotel with Retail Spaces

      Historic downtown hotel with retail and renovation upside in Lebanon.
      661 S Main St, Lebanon, OR 97355
      View Details
    • $450,000
      2,202 SF

      Lebanon Triplex with Income Potential

      Three-unit property in Lebanon, Oregon with recent updates.
      1178 Hiatt (1174, 1160) St, Lebanon, OR 97355
      View Details
    • $1,795,000
      10,545 SF

      Remodeled Lebanon Building For Sale

      Remodeled building with multiple tenants, anchor tenant out to 2031.
      550 S Main St, Lebanon, OR 97355
      View Details
    • $439,900
      2,132 SF

      Lebanon Duplex with Rental Potential

      South Central Lebanon duplex with spacious units and great potential.
      55 E CAROLINA St, Lebanon, OR 97355
      View Details
    • $10,952,000
      21,930 SF

      Tractor Supply Company Investment Property

      NN leased Tractor Supply Company in Lebanon, Oregon for sale.
      3296 Burdell Blvd, Lebanon, OR 97355
      View Details
    • $6,920,000
      45,716 SF

      Lebanon Educational Facility For Sale

      Versatile facility with stable income and owner-occupant opportunity.
      60 Industrial Way, Lebanon, OR
      View Details
    • $430,000
      1,720 SF

      Lebanon Duplex with Income Potential

      Duplex in Lebanon with two units, garages, and income potential.
      580 Manor (590 Manor Way) Wy, Lebanon, OR 97355
      View Details
    • $2,800,000
      29,975 SF

      Spacious Lebanon Office Building

      Three-story office building with additional land for expansion.
      890 S 2nd St, Lebanon, OR
      View Details

    FAQs

    What type of property is this?
    Apartment building - Seven-unit apartment complex in Lebanon, Oregon, fully occupied.
    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 $750,000.
    What are key features of this property?
    This property features: 6.8% Cap Rate at Asking Price; 7‑Unit Complex, 100% Occupied; Convenient North Side Location
    (541) 451-2211
    We can help!
    Listing Contact
    LAURA GILLOTT
    LAURA GILLOTT
    Real Estate License ID: 920300248
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    340 S Main St, Lebanon, OR 97355
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!