340 S Main St, Lebanon, OR 97355

Building Details

Year built

1938

Number of units

7

Roof type

Composition

Listing agent LAURA GILLOTT License #920300248 Show Phone

Listing office KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM k***@kw.com 266 E GRANT ST, Corvallis, OR Show Phone

Listing date May 7, 2026

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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.

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Overview

This 7-unit multifamily complex offers a straightforward income configuration. Six units are one bedroom, one bath, and the remaining unit is a two bedroom, two bath with a laundry hookup. The property sits on a 0.24-acre lot and totals 3,349 square feet. According to the listing remarks, the property is 100% occupied and is currently managed, with rents and expenses reflecting the current operations.

The property is located at 340 S Main St in Lebanon, Oregon, on the north side of town. Its Main Street frontage is well suited to tenants seeking an address with easy everyday access.

For investors or owner-operators looking for a smaller residential income asset, the tenant mix provides flexibility between one-bedroom and larger two-bedroom occupancy. With all units occupied at the time of listing, the property may appeal to buyers seeking an established, managed portfolio rather than a value-add repositioning at the outset. No showings are available without an accepted offer, per the seller’s instructions.

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

-122.907495

Latitude

44.542342

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FAQs

What type of property is this?

Multifamily property - Small, fully occupied 7-unit complex with a mix of one- and two-bedroom layouts and a laundry-hookup unit.

Where is this multifamily property located?

The property is located at 340 S Main St Lebanon, OR.

What is the asking price?

The asking price for this property is $699,999.

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