646 SE 8TH ST Toledo, OR $ 299,000
646 SE 8TH ST
$ 299,000
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646 SE 8TH ST

Toledo, OR, 97391
$ 299,000
Bedrooms3 Baths2.0

Monthly Estimate*

$ 1,888

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Multi-Family Home for sale in Toledo, OR

for $299,000 with 3 bedrooms and 2 full baths. This home was built in 1938 on a lot size of 0.11.

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.

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Multi-Family Active

Price

$ 299,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,721

Style

Lot Size

0.11

Year Built

1938

Town/City

Toledo

County/Region

Lincoln

MLS | Web ID

670541462

Features
General
Sewer PublicSewer
Heating Baseboard
Cooling None
Roof Composition
Zoning R-G
Year Built 1938
Stories Count 2
Parcel Number R141700
Gross Income 32400.0
County Lincoln
Net Operating Income 30400.0
Operating Expense 2000.0
Property Type MultiFamily
HOA N
Rent Includes Sewer Water
Status Active
Directions OR-2 East on NW st follow to SE Butler Bridge Rd Left in Fir St to left on 8th.end of street on R
High School Toledo
City Toledo
Disclosures Disclosure
Number Of Units Total 3
MLS Area _200
Lot Size Square Feet 4791.0
Listing Terms Cash Conventional VALoan
Elementary School Yaquina View
Tax Annual Amount 1721.8
Middle/Junior High School Toledo
Property Condition Existing
Virtual Tour https://player.vimeo.com/video/1215910455?badge=0&autopause=0&player_id=0&app_id=58479
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description PROPERTY ID R141700 VINCENTS FIRST ADDN-TOLEDO BLOCK 6 LOT 10
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Interior
Basement None
Storage None
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Driveway OnStreet
Lot Features GentleSloping
Water Source PublicWater
Exterior Description CementSiding
Foundation Details ConcretePerimeter
Lot Size Acres 0.11
Road Surface Type Gravel
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Internal Only
Street Number 1 646
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* Excluded Features
List By
Realty One Group At The Beach

Broker

beachbebeks@gmail.com

Email

Affordability Calculator

$2,031
Per Month
93%
7%
0%
Monthly Principal & Interest
$1,888
Monthly Property Taxes
$143
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5534059 Elementary School
1950333 Middle School
Toledo High School High School
Pricing History
DatePricePrice ChangeDescription
8/6/2026$299,000 Listed Price

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646 SE 8TH ST, Toledo, OR, 97391 is a Multi-Family Home for sale at $299,000 with a lot size of 0.11. 646 SE 8TH ST has 3 bedrooms, 2.0 baths, and was built in 1938. The property's zip code is 97391 which is in Toledo, OR