Homes for sale under $500k in Lebanon, OR

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ABOUT THIS HOME
Homes for sale under $500k in Lebanon, OR
Ranch-style home on a beautiful and private 5.13 acres! Indoors, enjoy a cozy open layout with spacious rooms, a warm wood stove with brick hearth, and a large bathroom featuring a relaxing jacuzzi tub. Outdoors, take in gorgeous views from every angle, plus a 24x16 barn with lean-to, tranquil creek, shed, and plenty of open space for animals, hobbies, or future possibilities. Tucked in a peaceful country setting while still offering a convenient commuter location—an ideal blend of privacy and accessibility

$500,000

2 beds1 bath1,092 sq ft

30450 Butte Crk, Lebanon, OR 97355

5.13 acres • Wood stove • 24x16 barn

Listing provided by WVMLS

ABOUT THIS HOME
Homes for sale under $500k in Lebanon, OR
A unique opportunity awaits! This rare 14.36-acre property is comprised of two separate, adjoining tax lots: a 5-acre parcel with a home and a 9.36-acre vacant lot. The flat, partially-fenced land is zoned Farm/Forest, offering a variety of potential uses. The front lot includes a 1975 double-wide manufactured home with 3 bedrooms and 2 bathrooms, served by a producing well. You’ll also find a spacious 2,500 ft. ² barn with stalls and a 640 ft. ² shop offering ample storage and plenty of space for your needs. To apply for a non- conventional loan please apply at https://umortgage. my1003app.com/2377940/register or call 971.400.7582

$499,500

3 beds2 baths1,584 sq ft

31365 Berlin Rd, Lebanon, OR 97355

5-acre parcel • Zoned farm/forest • 9.36-acre vacant lot

Listing provided by WVMLS

ABOUT THIS HOME
Homes for sale under $500k in Lebanon, OR
Come, take a look at this beautifully remodeled 1920s home!! Has a new deck to over look your property. Enjoy the newly renovated interior with possibilities of dual living. Has ample room for parking/toys and a shop. Has 2 septics at one point it had a hardship so possibility's are endless. Lot possibility to be dividable Buyer due diligence. Comes with all new stainless steel appliances new cabinets and butcher block countertops just to list a few of the great amenities.

$485,000

4 beds2.5 baths2,470 sq ft

1495 Cascade Dr, Lebanon, OR 97355

Shop • Dividable lot • New deck

Listing provided by WVMLS

ABOUT THIS HOME
Homes for sale under $500k in Lebanon, OR
Fresh mountain views, serene walks close to the river, and an established neighborhood in Lebanon, OR. Built in 2006, this charming home has an impressive 2,389 sq ft and a spacious layout with four bedrooms and three bathrooms. Vaulted ceilings enhance the sense of openness and light throughout the house. The living room is a cozy retreat with a gas fireplace, perfect for those chilly evenings. This floorplan design emphasizes a harmonious flow throughout the home.

$475,000

4 beds3 baths2,389 sq ft

2361 Kokanee Way, Lebanon, OR 97355

Gas fireplace • Floorplan design • Mountain views

Listing provided by WVMLS

3D WALKTHROUGH

ABOUT THIS HOME
Homes for sale under $500k in Lebanon, OR
Charming 4-bed, 2.5-bath, 2,164 sqft home with a 2-car garage. This 2-story gem, built in 2007, boasts modern amenities and ample space. The well-designed layout includes a spacious living area, a fully equipped kitchen, and inviting bedrooms. Enjoy convenience with the attached garage and relish the charm of a home that perfectly balances comfort and style.

$475,000

4 beds2.5 baths2,164 sq ft

317 W Jadon Dr, Lebanon, OR 97355

6,098 sq ft lot • 2 garage spots • Built 2007

Listing provided by WVMLS

Property at 2432 Robbins Way, Lebanon, OR 97355, 3 beds, 3 baths

$460,000

3 beds3 baths1,782 sq ft

2432 Robbins Way, Lebanon, OR 97355

Teri McKenzie • Next Door Real Estate Group

Property at 41294 Keel Mountain North Dr, Lebanon, OR 97355, 3 beds, 2 baths

$444,000

3 beds2 baths1,088 sq ft

41294 Keel Mountain North Dr, Lebanon, OR 97355

Larissa Mayfield • Real Broker

Property at 32008 Moss St, Lebanon, OR 97355, 3 beds, 2 baths

$425,000

3 beds2 baths1,510 sq ft

32008 Moss St, Lebanon, OR 97355

David Leverich • eXp Realty, LLC

Property at 750 E Oak St, Lebanon, OR 97355, 4 beds, 2 baths

$425,000

4 beds2 baths1,084 sq ft

750 E Oak St, Lebanon, OR 97355

Listing provided by WVMLS

Property at 1010 Turtledove Loop, Lebanon, OR 97355, 3 beds, 3 baths

$419,900

3 beds3 baths1,637 sq ft

1010 Turtledove Loop, Lebanon, OR 97355

Steve Bolton • John L. Scott Salem

Property at 411 Mayer Dr, Lebanon, OR 97355, 4 beds, 2 baths

$415,000

4 beds2 baths1,582 sq ft

411 Mayer Dr, Lebanon, OR 97355

Listing provided by WVMLS

Property at 2799 S 12th St, Lebanon, OR 97355, 4 beds, 2 baths

$415,000

4 beds2 baths1,527 sq ft

2799 S 12th St, Lebanon, OR 97355

Listing provided by WVMLS

Property at 91 W Mary St, Lebanon, OR 97355, 3 beds, 2 baths

$405,000

3 beds2 baths1,789 sq ft

91 W Mary St, Lebanon, OR 97355

Listing provided by WVMLS

Property at 2586 Promise Way, Lebanon, OR 97355, 4 beds, 2.5 baths

$399,950

4 beds2.5 baths1,569 sq ft

2586 Promise Way, Lebanon, OR 97355

Listing provided by WVMLS

Property at 2598 Promise Way, Lebanon, OR 97355, 4 beds, 2.5 baths

$399,950

4 beds2.5 baths1,577 sq ft

2598 Promise Way, Lebanon, OR 97355

Listing provided by WVMLS

Property at 121 S Williams (125) St, Lebanon, OR 97355, 3 beds, 1 bath

$399,900

3 beds1 bath1,287 sq ft

121 S Williams (125) St, Lebanon, OR 97355

Listing provided by WVMLS

Property at 831 W Oak St, Lebanon, OR 97355, 3 beds, 2 baths

$398,000

3 beds2 baths1,340 sq ft

831 W Oak St, Lebanon, OR 97355

Listing provided by WVMLS

Property at 75 Sturtevant Rd, Lebanon, OR 97355, 2 beds, 1 bath

$394,900

2 beds1 bath1,282 sq ft

75 Sturtevant Rd, Lebanon, OR 97355

Listing provided by WVMLS

$394,900

3 beds1 bath1,282 sq ft

75 Sturtevant Rd, Lebanon, OR 97355

Kim Shelby • Coldwell Banker Valley Brokers

Property at 205 E Pine St, Lebanon, OR 97355, 5 beds, 1 bath

$389,000

5 beds1 bath2,361 sq ft

205 E Pine St, Lebanon, OR 97355

Listing provided by WVMLS

Property at 975 E (-985) St, Lebanon, OR 97355, 4 beds, 2 baths

$385,000

4 beds2 baths1,638 sq ft

975 E (-985) St, Lebanon, OR 97355

Listing provided by WVMLS

Property at 2562 Promise Way, Lebanon, OR 97355, 3 beds, 2.5 baths

$379,950

3 beds2.5 baths1,402 sq ft

2562 Promise Way, Lebanon, OR 97355

Listing provided by WVMLS

Property at 2574 Promise Way, Lebanon, OR 97355, 3 beds, 2.5 baths

$379,950

3 beds2.5 baths1,402 sq ft

2574 Promise Way, Lebanon, OR 97355

Listing provided by WVMLS

Property at 1011 F St, Lebanon, OR 97355, 3 beds, 1 bath

$375,000

3 beds1 bath1,036 sq ft

1011 F St, Lebanon, OR 97355

Laura Gillott • Keller Williams Realty Mid-Willamette

Property at 515 Angelee Ct, Lebanon, OR 97355, 3 beds, 2 baths

$372,400

3 beds2 baths1,232 sq ft

515 Angelee Ct, Lebanon, OR 97355

Listing provided by WVMLS

Property at 733 Walker Rd, Lebanon, OR 97355, 4 beds, 2.5 baths

$370,000

4 beds2.5 baths1,425 sq ft

733 Walker Rd, Lebanon, OR 97355

Listing provided by WVMLS

Property at 1800 S 2nd St, Lebanon, OR 97355, 3 beds, 2 baths

$365,000

3 beds2 baths1,064 sq ft

1800 S 2nd St, Lebanon, OR 97355

Listing provided by WVMLS

Property at 695 S 16th St, Lebanon, OR 97355, 3 beds, 1.5 baths

$364,900

3 beds1.5 baths1,120 sq ft

695 S 16th St, Lebanon, OR 97355

Listing provided by WVMLS

Property at 720 W Isabella St, Lebanon, OR 97355, 3 beds, 1.5 baths

$363,000

3 beds1.5 baths1,400 sq ft

720 W Isabella St, Lebanon, OR 97355

Listing provided by WVMLS

Property at 841 Wassom St, Lebanon, OR 97355, 2 beds, 1 bath

$360,000

2 beds1 bath912 sq ft

841 Wassom St, Lebanon, OR 97355

Listing provided by WVMLS

Property at 785 W B St, Lebanon, OR 97355, 3 beds, 1 bath

$359,900

3 beds1 bath1,680 sq ft

785 W B St, Lebanon, OR 97355

Listing provided by WVMLS

Property at 232 E Carolina St, Lebanon, OR 97355, 3 beds, 1 bath

$340,000

3 beds1 bath1,337 sq ft

232 E Carolina St, Lebanon, OR 97355

Listing provided by WVMLS

Property at 160 Tangent St, Lebanon, OR 97355, 3 beds, 1 bath

$340,000

3 beds1 bath1,547 sq ft

160 Tangent St, Lebanon, OR 97355

Listing provided by WVMLS

Property at 1453 (&1451) Hiatt St, Lebanon, OR 97355, 4 beds, 2 baths

$325,000

4 beds2 baths1,621 sq ft

1453 (&1451) Hiatt St, Lebanon, OR 97355

Listing provided by WVMLS

Property at 24 E Pine St, Lebanon, OR 97355, 2 beds, 1 bath

$325,000

2 beds1 bath880 sq ft

24 E Pine St, Lebanon, OR 97355

Jenna Stutsman • Hybrid Real Estate

Property at 875 S 5th St, Lebanon, OR 97355, 2 beds, 1 bath

$319,000

2 beds1 bath1,000 sq ft

875 S 5th St, Lebanon, OR 97355

Jenna Stutsman • Hybrid Real Estate

Property at 3910 S Santiam Hwy, Lebanon, OR 97355, 2 beds, 1 bath

$315,000

2 beds1 bath1,074 sq ft

3910 S Santiam Hwy, Lebanon, OR 97355

Listing provided by WVMLS

Property at 732 Harmony St, Lebanon, OR 97355, 3 beds, 2.5 baths

$300,000

3 beds2.5 baths1,806 sq ft

732 Harmony St, Lebanon, OR 97355

Listing provided by WVMLS

Property at 180 Eaton St, Lebanon, OR 97355, 2 beds, 1 bath

$285,000

2 beds1 bath676 sq ft

180 Eaton St, Lebanon, OR 97355

Listing provided by WVMLS

Property at 66 Cox St, Lebanon, OR 97355, 2 beds, 1 bath

$285,000

2 beds1 bath864 sq ft

66 Cox St, Lebanon, OR 97355

Listing provided by WVMLS

Property at 183 E Dodge St, Lebanon, OR 97355, 2 beds, 1 bath

$280,000

2 beds1 bath1,208 sq ft

183 E Dodge St, Lebanon, OR 97355

Catherine Underwood-Bush • Cheddar Realty LLC

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Homes for sale under $500k in Lebanon

There are currently 66 homes for sale under $500k in Lebanon. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Lebanon stay on the market for 82 days and receive 1 offers. Popular neighborhoods include Cheadle Lake, Academy Square, Burkhart Creek, Crowfoot Road, and Downtown Lebanon. This map is refreshed with the newest listings in Lebanon every 15 minutes.

In the past month, 15 homes have been sold in Lebanon. In addition to houses in Lebanon, there were also 2 condos, 2 townhouses, and 21 multi-family units for sale in Lebanon last month. Find your dream home in Lebanon using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Lebanon are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Lebanon. Our Lebanon real estate stats and trends will give you more information about home buying and selling trends in Lebanon. If you're looking to sell your home in the Lebanon area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Lebanon with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Redfin are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2025 RMLS, Portland, Oregon. Data Last Updated Tue Dec 23 2025

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