MLS# 24234740 – 37731 Roll Tide Ct, Lebanon, OR 97355 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Berkshire Hathaway HomeServices Real Estate Professionals.

Property Description

Description

8 Units

Status: Active

Year Built: 2025

Days on Website: 41

New construction investment opportunity with rents of $18k monthly. 4 duplexes give you eight 3 bed, 2-3 bath townhomes. Located in a highly desirable neighborhood, just off River Drive between the Santiam River and Cheadle Lake Park. Easy access to the North Shore Trail and a walking trail that leads to the South Santiam via Riverview Park. Close to dining, shopping, and Highway 20. Proximity to a medical school and WOU, ensuring strong return on investment.

Property Details and Features

Property Access

Road Surface Type:

Concrete,Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

12372

Built in 2025

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Cooling

Cooling:

AirConditioningReady,Other

Expenses

Operating Expense Scheduled:

40000

Operating Expense:

$40,000

Exterior Features

Exterior Description:

CementSiding,LapSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Water Features

Waterfront Features:

Creek

Waterfront Property

Heating

Heating Available

Heating:

ForcedAir95Plus

Income

CAP Rate:

6.14

Gross Income:

$210,000

Gross Rent Multiplier:

13.19

Gross Scheduled Income:

$210,000

Net Operating Income:

$170,000

Net Scheduled Income:

170000

Listing

Contract Status Change Date:

2024-12-17

Days On Market:

Last Transaction Date:

2024-12-17 16:24:40

List Price:

$2,769,600

Listing Contract Date:

2024-12-17

Listing Id:

24234740

Mls Status:

Active

Modification Timestamp:

2024-12-17 16:24:40

On Market Date:

2024-12-17

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_221

County Or Parish:

Linn

Lot

Features:

Cul_de_sac,Level

Size Acres:

0.88

Size Range:

SqFt20000toAcres1

Size Square Feet:

38,332

Size:

20,000 SqFt to .99 Acres

Parking

Features:

Driveway,Garage

16 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

UnderConstruction

Property View

Zoning:

Roof

Roof:

Composition

Schools

High School:

Lebanon

Middle Or Junior School:

Seven Oak

Elementary School:

Riverview

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$917

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$2,300

Area:

1760

Features:

Dishwasher,Microwave,Range,WasherDryerHookup

Units Total:

3 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$2,000

Area:

1311

Features:

Dishwasher,Microwave,Range,WasherDryerHookup

Units Total:

3 total bathrooms

3 total bedroom

Unit Three

Actual Rent:

$2,150

Area:

1355

Units Total:

2 total bathrooms

3 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Gas

Internet Service Type:

DSL

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$2,769,600 -

37731 Roll Tide Ct Lebanon , OR 97355

MLS Area Major: _221

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on January 26, 2025 11:46PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.