Investment Duplex With Leased
646 SE 8th Street SE Toledo, OR 97391
646 SE 8th Street SE, Toledo, OR, 97391
$295,000
For Sale
$295,000
MULTI_FAMILY - Other - Toledo, OR
Property Size1,816 SF
Lot Size0.11 Acres
Price / SF$162.44
Days on Market109
Property Features for 646 SE 8th Street SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-G Residential, General
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
- Parking
- 2
- Appliances
- Dryer, Electric Cooktop, Electric Oven, Electric Range, Refrigerator, Washer, Water Heater
- Standard status
- Active
- APN
- 4500
- Size
- 1,816 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1722
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1938
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Vinyl
- Building materials
- Concrete
- Roof type
- Membrane
- Architectural style
- Other
Listing Agency
Martek Real Estate
(541) 265-8785
567 N Coast Hwy, Newport, OR
Listed by
Jack Whaley · License #201254885
(541) 961-5087
Added: Apr 1 Checked: Jul 18 at 11:06 am
MLS# 26-818
Listing URL
Copyright © 2026 Oregon Coast MLS. 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 well-maintained duplex includes two separate residential units under one roof. The upper unit has 2 bedrooms and 1 bathroom, with a remodeled kitchen and new vinyl windows. The lower unit offers 1 bedroom and 1 bathroom. Both units are currently leased. Recent exterior and durability-oriented upgrades include concrete plank siding, fresh paint, and a freshly coated membrane roof.
The property is located in Toledo, Oregon, in Lincoln County, on a small lot of 0.11 acres. Zoning is listed as R-G Residential, General. The address is 646 SE 8th Street SE, Toledo, OR 97391.
For buyers or investors looking for a residential income property, this duplex provides two distinct living spaces with established tenancy and a recent schedule of improvements aimed at reducing near-term maintenance. The combination of unit-level updates and roof and siding work supports an owner who wants a straightforward leased duplex in a quiet coastal community.
The property is located in Toledo, Oregon, in Lincoln County, on a small lot of 0.11 acres. Zoning is listed as R-G Residential, General. The address is 646 SE 8th Street SE, Toledo, OR 97391.
For buyers or investors looking for a residential income property, this duplex provides two distinct living spaces with established tenancy and a recent schedule of improvements aimed at reducing near-term maintenance. The combination of unit-level updates and roof and siding work supports an owner who wants a straightforward leased duplex in a quiet coastal community.
Key Highlights
- Well‑maintained duplex (1938) in Toledo, OR with two leased units
- Upper unit: 2 bed, 1 bath with remodeled kitchen
- Lower unit: 1 bed, 1 bath
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.1k | $13.80 |
| − Vacancy | −$882 | −$0.49 |
| EGI | $24.2k | $13.31 |
| − OpEx | −$7.3k | −$3.99 |
| NOI | $16.9k | $9.32 |
1,816 SF · lease $13.80/SF/yr · vacancy 3.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$241.8K
$211.6K – $282.1K
NOI $16,925 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$222.6K
$194.8K – $259.7K
NOI $15,582 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$473.7K
$414.5K – $552.6K
NOI $33,157 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Expert donut making ...
Cafe & Coffee Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two separate leased units, offering remodeled and updated interiors and exterior improvements.
Where is this duplex located?
The property is located at 646 SE 8th Street SE Toledo, OR.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Well‑maintained duplex (1938) in Toledo, OR with two leased units; Upper unit: 2 bed, 1 bath with remodeled kitchen; Lower unit: 1 bed, 1 bath
