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Listed by Realty One Group At The Beach

$299,000

Est. payment - /mo

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4,791 Sqft Lot

New

646 SE 8TH ST Toledo, OR 97391

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 670541462

Year Built 1938

Annual Tax Amount $1,721

Lot Size 4,791 Sqft

Property Description

Excellent Investment Opportunity – 10% Cap Rate! Don't miss this income-producing duplex in the heart of Toledo, offering an impressive 10% cap rate and excellent cash-flow potential. This well-maintained property features two separate units—one 2-bedroom, 1-bath and one 1-bedroom, 1-bath—making it an attractive option for investors seeking steady rental income. Situated on a generously sized lot, the property includes a large yard with a charming garden area with covered patio, providing outdoor space for tenants to enjoy. Conveniently located just minutes from downtown Toledo, shopping, restaurants, schools, and local amenities, this duplex offers both convenience and long-term rental appeal.Whether you're looking to add to your investment portfolio or begin building wealth through real estate, this property offers strong returns with plenty of upside. Schedule your showing today and discover the value of this exceptional investment opportunity! Both units currently occupied.

Location

State OR

County Lincoln

Area _200

Zoning R-G

Rooms

Basement None

Interior

Heating Baseboard

Cooling None

Exterior

Roof Type Composition

Garage No

Building

Lot Description Gentle Sloping

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Yaquina View

Middle Schools Toledo

High Schools Toledo

Others

Acceptable Financing Cash, Conventional, VALoan

Listing Terms Cash, Conventional, VALoan

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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