Duplex with Garage
For Sale
$439,900
55 E Carolina St, Lebanon, OR 97355
Two residential units offer distinct bedroom and bathroom configurations, with garage space for storage and a parking space for each.
Property Size2,132 SF
Price / SF$206.33
Days on Market84
Property Features for 55 E Carolina St
General Information
Standard status
Active
Size
2,132 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
garage storage
Building Details
Year Built
1956
Listing Agency:
KELLER WILLIAMS REALTY MID WILLAMETTE
Listed By:
CHERISE KISH
(541) 738-7770
Source:
Wisser
Added: Jul 24
Changed: Oct 13
Last Checked: Oct 5 at 11:38PM
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 KELLER WILLIAMS REALTY MID WILLAMETTE
Investment Insights
Based on property information with market context.
This duplex at 55 E Carolina St in Lebanon, Oregon, contains 2,132 square feet and was built in 1956. The two-unit layout provides different residential configurations, including one larger unit with four bedrooms and two bathrooms and a second unit with two bedrooms and one bathroom.
Each unit includes garage space for storage along with a parking space. The property is located in South Central Lebanon and is offered for sale as a duplex with established physical improvements and separate unit layouts.
Each unit includes garage space for storage along with a parking space. The property is located in South Central Lebanon and is offered for sale as a duplex with established physical improvements and separate unit layouts.
Key Highlights
- 2,132‑square‑foot duplex built in 1956
- Larger unit includes 4 bedrooms and 2 bathrooms
- Second unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,126
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,520
$402.5K
Cap Rate 7%
$287,514
$287.5K
Cap Rate 9%
$223,622
$223.6K
Market Conditions
NOI Build-Up for 2,132 SF
Gross rent
$29.4K $13.80/SF
− Vacancy
−$671 −$0.31/SF
EGI
$28.8K $13.49/SF
− OpEx
−$8.6K −$4.05/SF
NOI
$20.1K $9.44/SF
Area
Linn County, OR
Vacancy
2.28%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,520
Cap Rate 7%
$287,514
Cap Rate 9%
$223,622
Alternative Uses
Best Use
Multifamily LT 5
$287.5K
$251.6K – $335.4K
NOI $20,126 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$264.9K
$231.8K – $309.0K
NOI $18,540 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$621.1K
$543.5K – $724.6K
NOI $43,476 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
964
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct bedroom and bathroom configurations, with garage space for storage and a parking space for each.
Where is this duplex located?
The property is located at 55 E Carolina St Lebanon, OR.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: 2,132‑square‑foot duplex built in 1956; Larger unit includes 4 bedrooms and 2 bathrooms; Second unit includes 2 bedrooms and 1 bathroom
