$299,000
Toledo, OR 97391
MLS# 26-2168
3 beds | 2 baths | 2 sqft
1 / 29
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.
Details
Maps
Status Change Information
Status Change Timestamp: 2026-08-05
Contract
Permissible for Vacation Rental: Unknown
Current Price: $299,000
Status: Active
Begin Date: 2026-08-05
List Price: $299,000
Listing Agreement: Exclusive Agency
Listing Service: Full Service
Currently Not Used
Accessory Dwelling Unit YN: No
Tax & Legal
CC&R's: No
Association/Community
Senior Community YN: No
Interior
Basement YN: No
Main Floor Living: Yes
Bedrooms Total: 3
Bathrooms Total: 2
Bathrooms Full: 2
Above Grade Finished Area: 1700
Living Area: 2
Building
Year Built Source: Assessor
Accessibility Features YN: No
Year Built: 1938
Stories Total: 2
Lot
View YN: No
Water Body Access YN: No
Lot Size Acres: 0.11
Lot Size Square Feet: 4792
Utilities
Cable Available: 1
Electricity Connected: 1
Phone Available: 1
Separate Meters: 1
Sewer Connected: 1
Water Connected: 1
Appliances
Electric Range: 1
Refrigerator: 1
Water Heater: 1
Architectural Style
Cottage: 1
Construction Materials
Fiber Cement: 1
Cooling
None: 1
Electric
100 Amp Service: 1
Exterior Features
Garden: 1
Fencing
Chain Link: 1
Flooring
Carpet: 1
Vinyl: 1
Foundation Details
Concrete Perimeter: 1
Heating
Electric: 1
Baseboard: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
Two: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Rehabilitation Loan: 1
Submit: 1
USDA Loan: 1
VA Loan: 1
Lot Features
Gentle Sloping: 1
Level: 1
Outdoor Living Spaces Features
Covered Porch: 1
Parking Features
Driveway: 1
Off Street: 1
On Street: 1
Tandem: 1
Pet Information
Pet Friendly: Yes
Pets Allowed YN: Yes
Possession
Subject To Tenant Rights: 1
Road Frontage Type
City Street: 1
Road Responsibility
Public Maintained Road: 1
Road Surface Type
Gravel: 1
Roof
Composition: 1
Sewer
Public Sewer: 1
Showing Considerations
Occupied: 1
Pet(s) on Premises: 1
Showing Information
Keep Pets: In
Special Listing Conditions
Standard: 1
Water Heater
Electric: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 32400
Cap Rate: 10
Maintenance Expense: 2000
Owner Pays
Exterior Maintenance: 1
Tenant Pays
All Utilities: 1
Unit One
Unit Number: A
Occupied: Yes
Beds Total: 2
Baths Total: 1
Living Area: 960
Furnished: Unfurnished
Parking Spaces: 2
Actual Rent: 1500
Unit One Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Unit Two
Unit Number: B
Occupied: Yes
Beds Total: 1
Baths Total: 1
Living Area: 740
Furnished: Unfurnished
Parking Spaces: 1
Actual Rent: 1200
Additional Tax and Location Information
Account #: R141700
Highway 101: East Side
Neighborhood Code: TTNI
Property Tax ID #: R141700
Subdivision Phase/Addition: 1
Tax District: 203
Showing Requirements
24 Hour Notice: 1
Documents
Disclosures: 1
Lead Based Paint Disclosure: 1
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Duplex
Address
Street Number: 646
Street Direction Prefix: SE
Street Name: 8th
Street Suffix: Street
County: Lincoln
State: OR
Postal Code: 97391
Directions: OR-20, East on NW st, follow to SE Butler Bridge Rd, Left in Fir St to left on 8th.end of street on R
Cross Street: SE Fir St
Parcel Number: 111017CA-4500-00
Tax Legal
Subdivision Name: Vincent's
Tax Annual Amount: 1722
Tax Year: 2026
Zoning: R-G Residential, General
Tax Lot: 4500
Tax Map Number: 111017CA
AssociationCommunity
Number Of Buildings: 1
Number of Units: 2
Parking Information
Parking Total: 3
Meter Information
Number Of Separate Electric Meters: 2
Number Of Separate Water Meters: 2
Unit Details
Number Of Units Leased: 2
Property Features
Utilities: Cable Available; Electricity Connected; Phone Available; Separate Meters; Sewer Connected; Water Connected; Cable Available; Electricity Connected; Phone Available; Separate Meters; Sewer Connected; Water Connected
Appliances: Electric Range; Refrigerator; Water Heater
Architectural Style: Cottage
Construction Materials: Fiber Cement
Cooling: None
Electric: 100 Amp Service
Exterior Features: Garden
Fencing: Chain Link
Flooring: Carpet; Vinyl
Foundation Details: Concrete Perimeter
Heating: Electric; Baseboard
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Two
Listing Terms: 1031 Exchange; Cash; Conventional; Rehabilitation Loan; Submit; USDA Loan; VA Loan
Lot Features: Gentle Sloping; Level
Outdoor Living Spaces Features: Covered Porch
Owner Pays: Exterior Maintenance
Parking Features: Driveway; Off Street; On Street; Tandem
Possession: Subject To Tenant Rights
Road Frontage Type: City Street
Road Responsibility: Public Maintained Road
Road Surface Type: Gravel
Roof: Composition
Sewer: Public Sewer
Special Listing Conditions: Standard
Tenant Pays: All Utilities
Unit One Features: Electric Dryer Hookup; Washer Hookup
Water Heater: Electric
Water Source: Public
Showing Considerations: Occupied; Pet(s) on Premises
Showing Requirements: 24 Hour Notice
Documents: Disclosures; Lead Based Paint Disclosure
Listing Office: Realty One Group At The Beach, Newport
Office Phone: 503-990-7137
Office Email: ty@rogwv.com
Last Updated: August - 06 - 2026
Information deemed reliable but not guaranteed.