Lebanon Duplex with Income
For Sale
$430,000
580 Manor 590 Manor Way Wy, Lebanon, OR 97355
Duplex in Lebanon with two units, garages, and income potential.
Property Size1,720 SF
Price / SF$250
Days on Market434
Property Features for 580 Manor 590 Manor Way Wy
General Information
Standard status
Active
Size
1,720 SF
Property subtype
Duplex
Amenities
Baseboard
Dishwasher
Electric Water Heater
Electric Range
Water Front, Water Connected, Composition
Building Details
Building Size
1,720 SF
Year Built
1978
Listing Agency:
Keller Williams Realty Mid Willamette
Listed By:
Sherri Gregory · License #970300073
(541) 409-2106
Source:
Kw
Added: Aug 26, 2025
Changed: Oct 29
Last Checked: Nov 1 at 10:30AM
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
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Investment Insights
Based on property information with market context.
This duplex is located on a quiet cul-de-sac in Lebanon. Each of the two units features 2 bedrooms, 1 bathroom, washer/dryer hookups, and an attached single-car garage with extra storage. The property offers flexibility and strong income potential, suitable for either owner-occupancy with rental income or leasing both units. The property size is 1720 square feet. Its location provides convenient access to I-5, making it a potentially attractive opportunity for both homeowners and investors.
Key Highlights
- Strong income potential from renting both units.
- Flexibility to live in one unit and rent the other.
- Convenient location near I‑5.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,236
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,720
$324.7K
Cap Rate 7%
$231,943
$231.9K
Cap Rate 9%
$180,400
$180.4K
Market Conditions
NOI Build-Up for 1,720 SF
Gross rent
$23.7K $13.80/SF
− Vacancy
−$541 −$0.31/SF
EGI
$23.2K $13.49/SF
− OpEx
−$7.0K −$4.05/SF
NOI
$16.2K $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%
$324,720
Cap Rate 7%
$231,943
Cap Rate 9%
$180,400
Alternative Uses
Best Use
Multifamily LT 5
$231.9K
$203.0K – $270.6K
NOI $16,236 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$213.7K
$187.0K – $249.3K
NOI $14,957 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$501.1K
$438.4K – $584.6K
NOI $35,075 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Lebanon with two units, garages, and income potential.
Where is this duplex located?
The property is located at 580 Manor 590 Manor Way Wy Lebanon, OR.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Strong income potential from renting both units.; Flexibility to live in one unit and rent the other.; Convenient location near I‑5.
