289 North Main Street

Sold 3/2/22
Sold 3/2/22
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Sold
Last Sold Price
$760,000
289 N Main St, Lebanon, OR 97355
Multi FamilyProperty Type
1930Year Built

Description

Five 2 bed / 1 bth single family homes on one .30 acre tax lot. Each building is approx 610 SF. Updates include new roofs, new cabinets, counters, interior and exterior paint and new floor coverings throughout. Gross monthly rents at $5,200. Each home is metered separately for water / sewer.Five 2 bed / 1 bth single family homes on one .30 acre tax lot. Each building is approx 610 SF. Updates include new roofs, new cabinets, counters, interior and exterior paint and new floor coverings throughout. Gross monthly rents at $5,200. Each home is metered separately for water / sewer.
  • Listed by: Gabe Johansen • SMI Commercial Real Estate LLC
Listing closed: 03/02/2022 12:00 AM • Source: RMLS, MLS#: 21496850

Recent comparable sales

Median sold price

$720,000

Avg days on market

120

Sale-to-list ratio

92.6%

Lebanon, OR

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Location

Listing Courtesy of SMI Commercial Real Estate LLC

Sold By John L. Scott Salem

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$4,168 per month

30 year fixed, 6.71% Interest

Principal and Interest

$3,927

Property Taxes

$240

HOA Dues

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Property Information for 289 North Main Street

Property Details
  • Taxes: $2,883 / year
  • MLS Type: Multi Family
  • County: Linn County
Building Information
  • Stories: 1
  • Residences: 10
  • Year Built: 1930
Summary
Location and General Information
  • Area: Linn County
  • Country: US
  • Directions: Hwy 20 to Tangent - west to Main - North to property
Taxes and HOA Information
  • FIRPTA Y/N: No
  • Tax Year: 2020
  • Tax Deferral YN: No
Virtual Tour
  • Video Virtual Tour 1 Y/N: No
Property
Lot Information
  • Zoning: TBD
Property and Assessments
  • Water Description: Public Water
  • Property Condition: Approximately
Utilities
  • Fuel Description: Electricity
  • Heating Description: Other
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
Interior and Exterior Features
Interior Features
  • View Y/N: No
Multi Family
Multi-Family Information
  • Gross Income Actual: $0
  • Net Income Actual: $0
  • Operating Expenses Actual: $0
  • Unit Type Type: 1, 2, 3, 4, 5
Unit 1
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Rent: $825
  • Unit Type 1 SqFt: 612.0
  • Unit Type 1 Units Total: 2
Unit 2
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Rent: $1,050
  • Unit Type 2 SqFt: 612.0
  • Unit Type 2 Units Total: 2
Unit 3
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Rent: $1,200
  • Unit Type 3 SqFt: 612.0
  • Unit Type 3 Units Total: 2
Unit 4
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Beds Total: 1
  • Unit Type 4 Rent: $1,075
  • Unit Type 4 SqFt: 540
  • Unit Type 4 UnitsTotal: 2
Unit 5
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Beds Total: 1
  • Unit Type 5 Rent: $1,050
  • Unit Type 5 SqFt: 628.0
  • Unit Type 5 Units Total: 2

Public Records for 289 North Main Street

Taxable ValueLand-Additions-Total-
Tax Record2024$3,195 ($266 / month)
Home Facts
Total Finished SqFt3,068 SqFtAbove Grade Finished SqFt3,068 SqFtStories1Lot Size13,068 SqFtStyleMulti-Family Res (5+ Units)Year Built1930CountyLINNAPN12S 02W 10AA 00103Fireplace TypeHas Fireplace

Schools near 289 North Main Street

This home is within Lebanon Community School District 9.
Rating
School
Type
Grades
Distance
Pioneer School
Public - K to 5
Sand Ridge Charter School
Charter - K to 8
Lebanon High School
Public - 9 to 12
Rating
School
Distance
Pioneer School
PublicK to 5

Sand Ridge Charter School
CharterK to 8

Lebanon High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 289 North Main Street, Lebanon, OR 97355
$760,000
–
–
–
–
275 North Main Street, Lebanon, OR 97355
$760,000
–
–
3,068
13,068
298 North Main Street, Lebanon, OR 97355
$150,000
2
1
1,726
8,276
244 North Main Street, Lebanon, OR 97355
$156,000
3
1
1,426
6,534
260 North Santiam Highway, Lebanon, OR 97355
$325,000
–
–
–
8,712
300 North Santiam Highway, Lebanon, OR 97355
$487,550
–
–
1,032
11,326

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SMI Commercial Real Estate LLC

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 Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 03/02/2022 03:44 PM