Three-Unit Multifamily
For Sale
$525,000
766 S 2nd St, Lebanon, OR 97355
Fully occupied residential rental asset comprising two properties and a diversified unit mix.
Property Size3,666 SF
Price / SF$143.21
Days on Market51
Property Features for 766 S 2nd St
General Information
Standard status
Active
Size
3,666 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 1BD/1BA, 1 x 4BD/2.5BA, 1 x 3BD/2BA
Multifamily Units
3
Building Details
Year Built
1948
Buildings
2
Listing Agency:
Coho Realty
(503) 559-9258
Listed By:
Matin Real Estate
(503) 208-8406
Source:
Portlandrealestate
Added: Sep 13
Changed: Nov 1
Last Checked: Nov 1 at 6:00AM
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 Coho Realty
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Investment Insights
Based on property information with market context.
This multifamily property includes three residential units arranged across two separate properties, with a combined property size of 3,666 SF. The first property contains a 1BD/1BA unit measuring 336 SF and a 4BD/2.5BA unit measuring 2,103 SF. The second property is a detached 3BD/2BA home.
All three units are occupied, providing an established rental configuration across the two-property setup. The improvements date to 1948, and the property is located at 766 S 2nd St in Lebanon, Oregon.
All three units are occupied, providing an established rental configuration across the two-property setup. The improvements date to 1948, and the property is located at 766 S 2nd St in Lebanon, Oregon.
Key Highlights
- Three residential units across two properties
- All units currently occupied
- 1BD/1BA unit measures 336 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,880
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,600
$637.6K
Cap Rate 7%
$455,429
$455.4K
Cap Rate 9%
$354,222
$354.2K
Market Conditions
NOI Build-Up for 3,666 SF
Gross rent
$59.4K $16.20/SF
− Vacancy
−$1.4K −$0.39/SF
EGI
$58.0K $15.81/SF
− OpEx
−$26.1K −$7.12/SF
NOI
$31.9K $8.70/SF
Area
Linn County, OR
Vacancy
2.40%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,600
Cap Rate 7%
$455,429
Cap Rate 9%
$354,222
Alternative Uses
Best Use
Apartment 5plus
$455.4K
$398.5K – $531.3K
NOI $31,880 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$934.5K – $1.25M
NOI $74,758 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
759
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied residential rental asset comprising two properties and a diversified unit mix.
Where is this multifamily property located?
The property is located at 766 S 2nd St Lebanon, OR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Three residential units across two properties; All units currently occupied; 1BD/1BA unit measures 336 SF
