7 unit complex consisting of six one bedroom one bath units and two bedroom two bath unit with laundry hookups. Property is located on the North end of town close to COMP NW & LBCC campus. 100% occupied with good rental history, current NOI without management equals a 6.9% cap at asking price. No showings without accepted offer please do not contact tenants.
Multi-familyProperty Type
1938Year Built
Listed by Laura Gillott• Keller Williams Realty Mid-Willamette
Bought with Laura Gillott• Keller Williams Realty Mid-Willamette
7 unit complex consisting of six one bedroom one bath units and two bedroom two bath unit with laundry hookups. Property is located on the North end of town close to COMP NW & LBCC campus. 100% occupied with good rental history, current NOI without management equals a 6.9% cap at asking price. No showings without accepted offer please do not contact tenants.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
—
Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Linn County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Nov 22, 2023.
Z-RH
Residential High Density Zone
The residential high density zone Z-RH is intended to primarily provide areas suitable and desirable for multifamily dwellings at higher densities, with provisions for associated public service uses, in close proximity to the downtown area of the city.
Permitted uses
Include but are not limited to:
Laundromat
General retail
Retail-Grocery
Restaurant
Housing-Multiple units
Housing-Senior
Housing-Student
Housing-Other
Office
Educational/school
Property details
Interior
Multi Unit Information
# Of Units Total: 7
Unit Information
Unit Type: 1, 2, 3, 4, 5
Unit Type 1 Information
Actual Rent: $550
Area: 324
Baths Total: 2
Beds Total: 2
Units Total: 2
Unit Type 2 Information
Actual Rent: $550
Area: 324
BathsTotal: 2
Beds Total: 2
Units Total: 2
Unit Type 3 Information
Actual Rent: $800
Area: 1,039
Baths Total: 2
Beds Total: 2
Units Total: 1
Unit Type 4 Information
Actual Rent: $725
Area: 546
Baths Total: 2
Beds Total: 1
Units Total: 1
Unit Type 5 Information
Actual Rent: $695
Area: 342
Baths Total: 1
Beds Total: 1
Units Total: 1
Exterior
Exterior Features
Roof: Composition
Exterior Description: Lap Siding, T-111 Siding
Lot Information
Lot Size Range: 3,000 to 4,999 SqFt
Lot Size: 3,000 to 4,999 SqFt
Parcel Number: 0174033
Property Information
Property Type: Multi Family
Property Attached YN: No
View YN: Yes
View Description: Territorial
Building Information
Year Built: 1938
Financial
Tax Information
Tax Year: 2020
Tax Legal Description: DN2009-1244
Tax Annual Amount: $3,977.42
Rent Information
Rent Includes: Gas, Sewer, Trash Collection, Water
Lease / Rent Information
CAP Rate: 6.75
Gross Rent Multiplier: 11.22
Utilities
Utility Information
Green Certification YN: No
Fuel Description: Electricity
Water Source: Public Water
Sewer: Public Sewer
Heating & Cooling
Heating YN: No
Heating: Other
Cooling YN: No
Location
School Information
Elementary School: Riverview
Middle Or Junior School: Seven Oak
High School: Lebanon
Location Information
Directions: Head North on Main St.Destination is on the right justafter passing E Isabella St
Unparsed Address: 340 S MAIN ST, Lebanon, OR 97355
Community Information
Zoning: LHR
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Linn County
APN: —
Home facts updated by county records on Nov 22, 2023
Other
Listing Information
MlsStatus: Sold
Listing Price Information
Price Type: List Price
Around this home
Schools
Green Acres School
Public K-6 • Assigned • 0.7mi
7/10
Seven Oak Middle School
Public 6-8 • Assigned • 2.3mi
6/10
Lebanon High School
Public 9-12 • Assigned • 0.9mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 91° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
11 unhealthy days expected this year, 13 days in 30 years
Provided by First Street
Historical weather
Lebanon, OR • 97355
Average low and high temperatures (°F)
46
33
50
36
57
41
63
42
69
47
77
51
84
55
85
58
77
53
64
45
52
42
49
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 2.1 hours in December, placing it below the
U.S. average for solar exposure.