646 SE 8TH ST, Toledo, OR 97391

$299,000

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List Price
$299,000
Status
ACTIVE
Days on Market
37
MLS#
670541462
Year Built
1938
Lot Size
4,791
Acres
0.11
MLS Area Major
Lincoln County

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

Zoning
R-G
Stories
2
Parking
Driveway, On Street
Parking Features
Driveway, On Street
Elementary School
Yaquina View
Middle School
Toledo
High School
Toledo

Listing courtesy of Realty One Group At The Beach.

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