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$365,000   Price Analysis
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561 Grove St
Lebanon, OR 97355
5 bed 2 bath 1,916 SqFt ($190/SqFt)
4,791SqFt lot. Built 1948
Listed 2024-05-16, Taxes $3,063
USDA Eligible
near Lebanon, OR
 

Discover a fantastic investment opportunity with this charming duplex

Featuring two units, one offering 2 bedrooms and 1 bath and the other with 3 bedrooms and 1 bath. The living rooms are filled with natural light, highlighting the original hardwood floors. The kitchens are equipped with double sinks and ranges, providing a functional space for everyday cooking. Each unit has an updated bathroom with a convenient tub/shower combo. For added privacy, the bedrooms are located on the second and third floors and both have the original hardwood floors.

The utility rooms offer washer/dryer hookups and direct access to a fenced yard with shade trees, perfect for relaxing outdoors. Situated in a prime location, this property is minutes away from schools, restaurants, parks, Samaritan Hospital and Western University of Health Sciences. Whether you're looking to r ent out both units or live in one while renting the other, this duplex is an excellent ddition to your investment portfolio.


Presented by Nick Shivers at
Keller Williams-PDX Central.
Listing Agent Photo

Property MLS #24681030 from RMLS

Bedrooms: 5

Full Bathrooms: 2

Heating Features: WallHeater
Water Heaters: Electricity

Lot Description: Level
Lot Size Acres: 0.1099862
Lot Size Square Feet: 4791

Garage Spaces: 1
Parking Features: Attached

Road Surface Type: Paved

Elementary School: Pioneer
High School: Lebanon
Middle School: Seven Oak

Pioneer School is a public elementary school located approximately 0.8 miles away.
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Lebanon High School is a public high school located approximately 0.9 miles away.
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Csc Lebanon Learning Opportunities Center is a private high school located approximately 1.6 miles away.
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Seven Oak Middle School is a public middle school located approximately 2.2 miles away.
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Number of Units: 2
Unit Type: UnitTypeType1, UnitTypeType2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1

LotSizeRange: SqFt3000to4999
Annual Tax Amount: 3128.780000000
Source Listing Status: Active
County: Linn
Directions: US-20, L on E Isabella St, continue on E Isabella St, R on S Grove St
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: 0188215
Zoning: RH
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$145,030
$3,063
2021$unknown + $unknown
$140,810
$2,953
2020$unknown + $unknown
$136,710
$2,917
2019$unknown + $unknown
$132,730
$2,771
2018$unknown + $unknown
$128,870
$2,750
2017$unknown + $unknown
$125,120
$2,354
2016$unknown + $unknown
$121,480
$2,203
2015$unknown + $unknown
$117,950
$2,156
2014$unknown + $unknown
$114,520
$2,094
2013$unknown + $unknown
$111,190
$2,138
2012$unknown + $unknown
$107,960
$2,181
2011$unknown + $unknown
$104,820
$2,123
2010$unknown + $unknown
$101,770
$2,196
2009$unknown + $unknown
$98,810
$2,197
2008$unknown + $unknown
$95,933
$2,123
2007$unknown + $unknown
$93,140
$2,077

Price Changed 2024-06-09
$365,000
RMLS
Price Changed 2024-06-09
$365,000
Willamette
Listed 2024-05-16
$385,000
RMLS
Listed 2024-05-16
$385,000
Willamette

Year Built: 1948
Building Area Total: 1916
Building Exterior Type: WoodSiding
Foundation Details: ConcretePerimeter
Property Age: 76
Property Condition: Existing
Roof: Composition
Levels or Stories: 3

Sewer: PublicSewer
Water Source: PublicWater
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house_view

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.