Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    975 W E -985 St Lebanon, OR 97355

    Sponsored
    For Sale
    $385,000

    Duplex - Lebanon, OR

    Type:Duplex
    Property size:
    1,638 SF
    Lot size:
    0.31 Acres
    Days on Market:
    151
    Last Refresh:
    Feb 19 at 10:06 pm

    Property Features for 975 W E -985 St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Dining Room
    Bedrooms
    2
    Bathrooms
    2
    APN
    0367249
    Interior features
    Handicap Amenities
    Exterior features
    Fenced Yard, Area/Room for RV/Camper, Shed
    Fencing
    Fenced
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Dishwasher, Range, Washer
    Size
    1,638 SF
    Lot size
    0.31 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1973
    Number of units
    3
    Flooring type
    Carpet, Vinyl
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    Packing Shed, Shed(s)

    We can help!

    Listing Contact
    LAURA GILLOTT
    LAURA GILLOTT

    Keller Williams Realty Mid-Willamette (541) 451-2211

    Listing agent LAURA GILLOTT (541) 451-2211

    Listing date Sep 22, 2025

    MLS# 833816 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.

    Learn more

    Overview

    Lebanon Duplex with Large Lot

    This duplex is located on the west side of Lebanon, Oregon, and offers convenient access to Highway 34 and I-5. Each unit features two bedrooms, one bathroom, and a single-car garage. The property sits on a 0.31-acre lot with fenced backyards, patios, and room for RV parking. The building has low-maintenance aluminum lap siding. Showings are available upon accepted offer.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Lebanon
    County
    Linn
    State
    Oregon
    Longitude
    -122.81
    Latitude
    44.5254

    Nearby Similar for Sale

    • $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
    • $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
    • $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
    • $515,000
      4,698 SF

      Lebanon Mixed-Use 4-Plex For Sale

      Mixed-use property with retail space and three apartments.
      54 W Sherman St, Lebanon, OR 97355
      View Details
    • Contact for pricing
      45,716 SF

      Lebanon Educational Facility For Sale

      Versatile facility with stable income and owner-occupant opportunity.
      60 Industrial Way, Lebanon, OR 97355
      View Details
    • $1,295,000

      99 Acre Hazelnut Orchard Farm

      99 acre farm with hazelnut orchard and water rights.
      34974 Richardson Gap Rd, Lebanon, OR 97355
      View Details
    • Contact for pricing
      29,975 SF

      Spacious Lebanon Office Building

      Three-story office building with additional land for expansion.
      890 S 2Nd St, Lebanon, OR 97355
      View Details
    • Contact for pricing
      1,720 SF

      Lebanon Duplex with Income Potential

      Duplex in Lebanon with two units, garages, and income potential.
      580 Manor Way, Lebanon, OR 97355
      View Details
    • Contact for pricing
      2,052 SF

      Lebanon Duplex with Income Potential

      Corner duplex in Lebanon with separate access and income potential.
      930 S 9Th St, Lebanon, OR 97355
      View Details
    • $284,000

      Comfortable Home in Quiet Location

      Three-bedroom home with open floor plan and vaulted ceilings.
      30839 Washington St, Lebanon, OR 97355
      View Details
    • $520,000
      4,208 SF

      Downtown Lebanon Commercial Building

      High-yield, fully occupied 4-unit complex
      707 Main St, Lebanon, OR 97355
      View Details
    • $495,000
      4,698 SF

      Lebanon Retail & Apartments

      High-yield mixed-use property in prime location
      Lebanon, OR 97355
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex in Lebanon, OR with highway access and RV parking.
    Where is this duplex located?
    The property is located at 975 W E -985 St Lebanon, OR.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: - Large 0.31 acre lot with fenced backyards, patios, and RV parking.; - Duplex property with two units, each featuring two bedrooms, one bath, and a single-car garage.; - Convenient west side location with easy access to Hwy 34 and I-5.
    (541) 451-2211
    Request Owner's contact information
    975 W E -985 St Lebanon, OR 97355
    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.
    975 W E -985 St
    Lebanon, OR 97355
    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
    975 W E -985 St Lebanon, OR 97355
    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

    We can help!
    Listing Contact
    LAURA GILLOTT
    LAURA GILLOTT
    Real Estate License ID: 920300248
    (541) 451-2211 (541) 405-5530 (541) 704-2737
    Learn more
    Google sign-in failed. Please try again or use another login method.