Lebanon Duplex with Income
For Sale
$459,000
930 Walker & 2615 S 9th St Rd, Lebanon, OR 97355
Corner duplex in Lebanon with separate access and income potential.
Property Size2,052 SF
Price / SF$223.68
Days on Market342
Property Features for 930 Walker & 2615 S 9th St Rd
General Information
Standard status
Active
Size
2,052 SF
Property subtype
Duplex
Listing Agency:
Keller Williams Realty Mid Willamette
(541) 409-2106
Listed By:
Sherri Gregory · License #970300073
(541) 409-2106
Source:
Kw
Added: Aug 26, 2025
Changed: Jul 6
Last Checked: Aug 1 at 12:14PM
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 corner duplex in Lebanon features separate street access for each unit. Each unit includes 2 bedrooms, 1 bath, an attached single-car garage, and a backyard patio. The property is located near I-5, facilitating convenient commuting. The property offers the option to reside in one unit while renting out the other, or to lease both units for a consistent income stream. The property size is 2052 square feet.
Key Highlights
- Corner duplex with separate street access offers privacy and convenience.
- Each unit has 2 bedrooms, 1 bath, and a single‑car garage.
- Backyard patio for outdoor enjoyment.
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 | $28.3k | $13.80 |
| − Vacancy | −$646 | −$0.31 |
| EGI | $27.7k | $13.49 |
| − OpEx | −$8.3k | −$4.05 |
| NOI | $19.4k | $9.44 |
2,052 SF · lease $13.80/SF/yr · vacancy 2.28% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$276.7K
$242.1K – $322.8K
NOI $19,370 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$254.9K
$223.1K – $297.4K
NOI $17,845 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$597.8K
$523.1K – $697.4K
NOI $41,845 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
447
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Corner duplex in Lebanon with separate access and income potential.
Where is this duplex located?
The property is located at 930 Walker & 2615 S 9th St Rd Lebanon, OR.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Corner duplex with separate street access offers privacy and convenience.; Each unit has 2 bedrooms, 1 bath, and a single‑car garage.; Backyard patio for outdoor enjoyment.
