646 SE 8TH ST, Toledo, OR 97391

$299,000

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List Price
$299,000
Days on Market
38
MLS#
670541462
Property Type
Multifamily
Lot Size
3, 000 to 4, 999 SqFt
Region
Lincoln County
Status
ACTIVE

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.

Additional Information

Tax Amount
$1,721
Year Built
1938
High School
Toledo
Elementary School
Yaquina View
Middle School
Toledo
Acres
0.11
Stories
2
Terms
Cash, Conventional, VA Loan
Cooling Description
None
Fuel Description
Electricity
Heating Description
Baseboard
Hoa Rent Includes
Sewer, Water
Hot Water Description
Electricity
Exterior Description
Cement Siding
Roof Type
Composition
Sewer Description
Public Sewer
Parking
Driveway, On Street
Parking Description
Driveway, On Street
Road Surface
Gravel
Number Of Units Total
3
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1500
Unit Type One Sq Ft
960
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Units Total
2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Realty One Group At The Beach.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.