825 West Airway Road

Sold 1/5/24

Listed by Alison Clowser - Oregon First - P: (541) 217-1261

Last Sold Price

$464,000

1,856 sqft$250/sqft

825 W Airway Rd, Lebanon, OR 97355

Description

Invest in this fully renovated, occupied duplex, located on a corner lot and in a nice neighborhood. Cap Rate of 5.6%. Each unit has 2 bed/1 bath, 928 SF, plus a full one car garage (1 fully finished). Updates include new roof, LED lighting, electrical switches/outlets, vinyl flooring, interior paint, window coverings, smoke detectors, cabinet hardware, door knobs/hinges, garbage disposals & more. Professionally managed. Tenants pay for all utilities. Call today! Seller related to Listing Agent.Invest in this fully renovated, occupied duplex, located on a corner lot and in a nice neighborhood. Cap Rate of 5.6%. Each unit has 2 bed/1 bath, 928 SF, plus a full one car garage (1 fully finished). Updates include new roof, LED lighting, electrical switches/outlets, vinyl flooring, interior paint, window coverings, smoke detectors, cabinet hardware, door knobs/hinges, garbage disposals & more. Professionally managed. Tenants pay for all utilities. Call today! Seller related to Listing Agent.

LISTING CLOSED: 01/05/2024 12:00 AM

Property Details for 825 West Airway Road

Status

Sold

MLS #

23224735

Days on Market

110

Taxes

$4,003 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Residential Income

Year Built

1977

Lot Size

County

Linn County

Subdivision

12S02W09DA

Parking Features

Attached, Garage

Zoning

2-4 Ple

View

Territorial

Garage Spaces

2.00

Parking Total

2.00

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Location

Listing Courtesy of Oregon First

Sold By Hybrid Real Estate

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Building Information for 825 West Airway Road

Stories1Residences2Year Built1977Building Size-Lot Size-

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$2,692 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,358

Property Taxes

$334

HOA Dues

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Property Information for 825 West Airway Road

Summary

Location and General Information

Country: US
Directions: W Sherman Street

Road Surface: Concrete, Paved

School Information

Elementary School: Greenacres
High School: Lebanon

Middle Or Junior School: Seven Oak

Parking

Attached Garage: No

Taxes and HOA

CC and R Y/N: No
FIRPTA: No

HOA Y/N: No
Tax Year: 2022
Tax Deferral: No
Tax Annual Amount: $4,002.90
Parcel Number: 0387593
Tax Legal Description: 825-835 W Airway Rd Lebanon, OR 97355 PLETZER'S GREEN, FIRST ADDITION TO BLK-3 LOT-5-12S02W09DA

Virtual Tour

Video Virtual Tour 1 Y/N: No
Video Virtual Tour 2 Y/N: No

Property

Lot Information

Lot Description: Commons, Corner Lot
Lot Size Square Feet: 10019.0

Lot Size Range: Sq Ft10000to14999
Lot Size: 10,000 to 14,999 Sq Ft

Property and Assessments

Property Sub Type: Duplex
Property Type: Residential Income

Water Description: Public Water
Property Condition: Updated Remodeled
Year Built: 1977
Property Attached: No
Unreinforced Masonry Bldg: No

Utilities

Cooling Description: None
Fuel Description: Gas

Heating Description: Forced Air
Hot Water Description: Electricity
Sewer Description: Public Sewer
Rent Includes: None

Green Features

Green Certification: No

Interior and Exterior Features

Exterior Features

Roof Type: Composition

Interior Features

Basement: None
Foundation Details: Concrete Perimeter

Interior Features: High Speed Internet
View Y/N: Yes
Bedrooms Total: 4
Stories: 1
Cooling: No
Heating: Yes

Kitchen

Kitchen Appliances: Dishwasher, Electric Range, Refrigerator, Disposal, Gas Water Heater

Baths

Total Bathrooms: 2

Farm

Farm Information

Farm Fencing Description: Fenced

Amenities

Amenities Information

Internet Service Type: Cable, Wireless

Multi Family

Multi-Family Information

Number Of Units Total: 2
Gross Income Actual: $34,860.00

Gross Income Projected: $34,860.00
Gross Rent Multiplier: $13.76
Investor Information: According To Owner, Rent Records
Net Income Actual: $26,851.00
Operating Expense: $8,009.00
Security Features: None
Storage: Garage
Unit Type Type: Unit Type Type1, Unit Type Type2
SqFt Approximate Building Total: 1856

Unit 1 Information

Unit Type 1 Baths Total: 1
Unit Type 1 Beds Total: 2

Unit Type 1 Features: Dishwasher, Disposal, Washer Dryer Hookup, Window Coverings
Unit Type 1 Rent: $1,390
Unit Type 1 SqFt: 928.0
Unit Type 1 Units Total: 1

Unit 2 Information

Unit Type 2 Baths Total: 1
Unit Type 2 Beds Total: 2

Unit Type 2 Features: Dishwasher, Disposal, Washer Dryer Hookup, Window Coverings
Unit Type 2 Rent: $1,515
Unit Type 2 SqFt: 928.0
Unit Type 2 Units Total: 1

Public Records for 825 West Airway Road

Taxable ValueLand-Additions-Total-

Tax Record2024$4,225 ($352 / month)

Home Facts

Total Finished SqFt1,856 SqFtAbove Grade Finished SqFt1,856 SqFtStories1Lot Size10,019 SqFtStyleDuplexYear Built1977CountyLINNAPN12S 02W 09DA 06700Fireplace TypeHas Fireplace

Schools near 825 West Airway Road

This home is within Lebanon Community School District 9.


Rating	School	Type	Grades	Distance
7/10	Green Acres School	Public - Serves this home	K to 6	0.3 mi
6/10	Seven Oak Middle School	Public - Serves this home	6 to 8	2.6 mi
5/10	Lebanon High School	Public - Serves this home	9 to 12	0.9 mi
NR	Santiam Academy	Public - Nearby school	K to 8	0.8 mi
8/10	Sand Ridge Charter School	Charter - Choice school	K to 8	4.9 mi


Rating	School	Distance
7/10	Green Acres School PublicK to 6 Serves this home	0.3 mi
6/10	Seven Oak Middle School Public6 to 8 Serves this home	2.6 mi
5/10	Lebanon High School Public9 to 12 Serves this home	0.9 mi
NR	Santiam Academy PublicK to 8 Nearby school	0.8 mi
8/10	Sand Ridge Charter School CharterK to 8 Choice school	4.9 mi

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

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 825 West Airway Road, Lebanon, OR 97355	$464,000	–	–	1,856	–
835 West Airway Road, Lebanon, OR 97355	$464,000	–	2	1,856	10,019
845 West Airway Road, Lebanon, OR 97355	$119,500	–	3	1,836	10,019
1540 West Sherman Street, Lebanon, OR 97355	$124,000	3	1	1,012	10,454
785 West Airway Road, Lebanon, OR 97355	–	–	2	1,856	10,890
1585 Maple Place, Lebanon, OR 97355	$179,500	–	3	1,836	10,454
840 West Airway Road, Lebanon, OR 97355	$275,000	3	1	1,012	8,276
800 West Airway Road, Lebanon, OR 97355	$315,000	3	2	1,186	8,276
1520 West Sherman Street, Lebanon, OR 97355	$387,000	4	2	1,580	9,147
770 South 16th Street, Lebanon, OR 97355	$416,000	–	1	1,856	12,632
860 West Airway Road, Lebanon, OR 97355	$165,000	3	1	1,080	7,841
1575 Maple Place, Lebanon, OR 97355	$217,500	3	1	1,008	8,712
790 West Airway Road, Lebanon, OR 97355	–	3	1	1,120	9,148
775 West Airway Road, Lebanon, OR 97355	$40,150	3	1	1,035	11,326
740 South 16th Street, Lebanon, OR 97355	–	3	2	1,260	10,019
760 South 16th Street, Lebanon, OR 97355	$416,000	4	2	1,856	12,632

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Listing Courtesy of Oregon First

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: 01/07/2024 09:09 AM

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