38-Unit Multifamily
For Sale
$4,655,000
248 8th St, Lebanon, OR 97355
Mixed residential configurations include private outdoor areas, garages, storage sheds, and community laundry facilities.
Property SizeContact for details
Lot Size3.32 Acres
Days on Market8
Property Features for 248 8th St
General Information
Standard status
Active
Lot size
3.32 Acres
Property subtype
Multifamily
Occupancy
95%
Additional Details
Cap Rate
6.44%
Multifamily Units
38
Amenities
garages
backyard areas
air conditioning
washer/dryer hookups
central laundry
storage sheds
off-street parking
ESTABLISHED LEBANON ASSET - 38 Units Built in 1977 on a Low-Density 3.32-Acre Site in Lebanon
COMPELLING RENT UPSIDE - Market Comparables Indicate Potential for ~13%+ Rental Growth
RARE PLEX PRODUCT - Large Concentration of Duplexes and Fourplexes Offers Highly Desirable Residential Living
RECENT CAPITAL IMPROVEMENTS - Significant Investment in Siding, Windows, Gutters, and Property Infrastructure
RESIDENT-ORIENTED AMENITIES - Garages, Large Backyards, Air Conditioning, Laundry Options, and Ample Parking
OPERATIONAL FLEXIBILITY - Potential to Monetize Current Owner Storage Areas and RUBS Implementation Potential
Building Details
Units
38
Listing Agency:
Marcus & Millichap - Portland
(503) 200-2022
Listed By:
Whitney Rhoades · License #License(s): OR: 201204200, WA: 25012784
(503) 200-2022
Source:
Marcusmillichap
Added: Aug 23
Changed: Aug 29
Last Checked: Aug 29 at 6:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Portland
Investment Insights
Based on property information with market context.
Juniper Square is a 38-unit multifamily community on approximately 3.32 acres in Lebanon, Oregon. The property combines duplexes, fourplexes, townhomes, and apartment flats, creating a varied residential setting. Duplex and fourplex units feature garages and large backyard areas, while air conditioning is installed throughout the community. Washer and dryer hookups serve the majority of plex units, with central laundry facilities available for the townhomes and apartments. Storage sheds and off-street parking are provided across the property.
Ownership improvements include vinyl siding, windows, and gutters installed throughout the community. The location provides access to regional employers, healthcare providers, schools, shopping, dining, and recreational amenities throughout the Mid-Willamette Valley. The property is situated at 248 8th St in Lebanon, Oregon.
Ownership improvements include vinyl siding, windows, and gutters installed throughout the community. The location provides access to regional employers, healthcare providers, schools, shopping, dining, and recreational amenities throughout the Mid-Willamette Valley. The property is situated at 248 8th St in Lebanon, Oregon.
Key Highlights
- 38‑unit multifamily community on approximately 3.32 acres
- Unit mix includes duplexes, fourplexes, townhomes, and apartment flats
- Garages and large backyard areas serve the duplex and fourplex units
Property Analytics
Current Use
Lease Details
38
Residential units
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
Explore this area
Business Placement
Demographics for 97355, OR
32,413
Population
13,623
Households
2.4
Avg Household Size
41
Median Age
18%
College-Educated
91%
High-School Grad
214.3 sq mi
ZIP Area
151
Density / Sq Mi
$64,307
Median Household Income
$39,934
Median Earnings
$1,267
Median Rent
$332,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Mixed residential configurations include private outdoor areas, garages, storage sheds, and community laundry facilities.
Where is this multifamily property located?
The property is located at 248 8th St Lebanon, OR.
What is the asking price?
The asking price for this property is $4,655,000.
What are key features of this property?
This property features: 38‑unit multifamily community on approximately 3.32 acres; Unit mix includes duplexes, fourplexes, townhomes, and apartment flats; Garages and large backyard areas serve the duplex and fourplex units
