646 SE 8th Street SE, Toledo, OR 97391
MULTI_FAMILY - Other - Toledo, OR
- Added:
- Apr 1, 2026
- Days on Market:
- 95
- Last Refresh:
- Jul 4 at 7:06 pm
Property Features for 646 SE 8th Street SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-G Residential, General
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1
- Parking
- 2
- Appliances
- Dryer, Electric Cooktop, Electric Oven, Electric Range, Refrigerator, Washer, Water Heater
- Standard status
- Active
- APN
- 4500
- Size
- 1,816 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1722
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1938
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Vinyl
- Building materials
- Concrete
- Roof type
- Membrane
- Architectural style
- Other
Listing agent Jack Whaley License #201254885 (541) 961-5087
Listing office Martek Real Estate 567 N Coast Hwy, Newport, OR (541) 265-8785
Listing date Apr 1, 2026
Copyright © 2026 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Investment duplex built in 1938 in Toledo, Oregon
- Lower unit: 1 bedroom, 1 bathroom; upper unit: 2 bedrooms, 1 bathroom
- Both units are currently leased and have strong rental history
- Upgrades include new vinyl windows, concrete plank siding, and fresh paint
- Roof was freshly coated with a membrane roof
- Public utilities: water available and public sewer; appliances include washer, dryer, and refrigerator
Overview
The property is located in Toledo, Oregon, in Lincoln County, on a small lot of 0.11 acres. Zoning is listed as R-G Residential, General. The address is 646 SE 8th Street SE, Toledo, OR 97391.
For buyers or investors looking for a residential income property, this duplex provides two distinct living spaces with established tenancy and a recent schedule of improvements aimed at reducing near-term maintenance. The combination of unit-level updates and roof and siding work supports an owner who wants a straightforward leased duplex in a quiet coastal community.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.1k | $13.80 |
| − Vacancy | −$882 | −$0.49 |
| EGI | $24.2k | $13.31 |
| − OpEx | −$7.3k | −$3.99 |
| NOI | $16.9k | $9.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lincoln
- State
- Oregon
- Longitude
- -123.931071
- Latitude
- 44.615152
