$685,000
$35K PRICE INCREASE

951 Wassom St Lebanon, OR 97355

Estimated payment $4,307/month

Total Views 4,155
-- Bed
-- Bath
2,804 Sq Ft
$244 Price per Sq Ft

Highlights

  • Territorial View
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Attached Garage
  • Lap Siding

About This Home

Don’t miss this sought-after neighborhood—an excellent addition to any investment portfolio. Each unit offers a spacious 3-bedroom, 2-bath layout with 1,402 sq. ft. of living space, plus its own driveway and garage for added convenience. Side 951 has been completely renovated, featuring an updated kitchen with a stylish new tile backsplash, modern hardware, a new garbage disposal, and more. Additional upgrades include LED lighting throughout, updated electrical switches and outlets, fresh interior paint, new laminate and vinyl flooring, window coverings, smoke detectors, door hardware, and hinges. Tenants cover all utilities, and the property is professionally managed for a hassle-free investment experience.

Listing Agent

Andy Wilcox

Matin Real Estate License #201221996

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,889

Year Built

  • Built in 2006

Lot Details

  • 0.28 Acre Lot

Parking

  • Attached Garage

Home Design

  • Composition Roof
  • Lap Siding
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,804 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Schools

  • Cascades Elementary School
  • Seven Oak Middle School
  • Lebanon High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0205852

Community Details

Building Details

  • Operating Expense $10,636
  • Gross Income $32,820
  • Net Operating Income $22,184

Additional Features

  • 2 Units
  • Common Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,889

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 2006
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: CementSiding,LapSiding
  • Lot Size: 20,000 SqFt to .99 Acres
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Commons
  • Road Surface Type: Concrete, Paved
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: Attached
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: None
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Cascades
  • High School: Lebanon
  • Middle Or Junior School: Seven Oak

Lot Info

  • Zoning: Duplex
  • Lot Size Acres: 0.28
  • Lot Size Sq Ft: 12196.0
  • Parcel #: 0205852

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5888.8

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 20.87
  • Annual Gross Income: 32820.0
  • Property Net Operating Income: 22184.0
  • Annual Operating Expense: 10636.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,889 $280,220 -- --
2023 $5,698 $272,060 $0 $0
2022 $5,579 $264,140 $0 $0
2021 $5,379 $256,450 $0 $0
2020 $5,313 $248,990 $0 $0
2019 $5,048 $241,740 $0 $0
2018 $4,737 $234,700 $0 $0
2017 $4,273 $227,870 $0 $0
2016 $4,000 $221,240 $0 $0
2015 $3,913 $214,800 $0 $0
2014 $3,802 $208,550 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2025 04/08/25 Price Changed $685,000 +5.4% $244 / Sq Ft
03/20/2025 03/20/25 For Sale $650,000 +13.0% $232 / Sq Ft
11/14/2023 11/14/23 Sold $575,000 -4.1% $205 / Sq Ft
10/01/2023 10/01/23 Pending -- -- --
09/01/2023 09/01/23 For Sale $599,500 +84.5% $214 / Sq Ft
03/09/2020 03/09/20 Sold $325,000 -1.5% $116 / Sq Ft
01/28/2020 01/28/20 For Sale $329,900 -- $118 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $575,000 Ticor Title
Warranty Deed $325,000 Ticor Title Company Of Or
Interfamily Deed Transfer -- Ticor Title
Warranty Deed $245,000 Ticor Title
Warranty Deed $82,500 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $568,141 New Conventional
Closed $564,585 FHA
Previous Owner $243,750 New Conventional
Previous Owner $196,000 Commercial
Previous Owner $90,000 Commercial
Source: Public Records

Similar Home in Lebanon, OR

  • 90 Rd, Lebanon, OR 97355

    $539,000

    • 4 Beds
    • 4 Baths
    • 2,152 Sq Ft
    • 90 Rd
    • Lebanon, OR

    Accepted Offer with Contingencies. Turn key newer single level duplex with open floor plan & would be great investment. Custom cabinets with granite counters throughout, and stainless appliance packages. Luxury vinyl planking floor, under mount sinks and kitchen island that is movable. Located near shopping, restaurants and colleges make this one fantastic. Great rental history and professionally

    Michael Kosmicki RE/MAX INTEGRITY ALBANY BRANCH

    Section Image

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 652822310

Regional Multiple Listing Service (RMLS)

APN: 0205852