200 Market St #258 · Lebanon, OR 97355

$159,900

3 bd · 2.0 ba · 1,512 sqft · Other public records · 207 Days on market

Built 1998 $106/sqft · 5% above area Est $152k · 5% over

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +27.9/30.0
• DSCR +9.9/10.0
• 1% rule +7.1/10.0
• ARV discount +5.2/15.0
• Rent growth +3.6/5.0
• Livability +3.6/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Rare corner-lot opportunity featuring a full-sized garage, separate storage building, and a fully fenced yard. You’ll love the covered front porch and the covered breezeway connecting to the garage. Numerous updates have been completed, including a remodeled kitchen, new carpet, and central A/C. Inside, enjoy a functional layout with a formal dining area, abundant storage, three well-sized bedrooms, two full bathrooms, and a spacious laundry room. Conveniently located near a popular dog park and shopping. If you have been considering buying in a manufactured park this is the one to check out. This home sits on a corner lot, has tons of room for parking, and feels like a home. The park has a small private park in it that is great for hosting events like a birthday party or a family get together. There are even tables and basketball hoops. If you want to know more about the buying process in a park I am happy to answer questions about just how to start that process. Don't wait and make an appointment today to see this move in ready home.

Key facts

• Covered front porch
• Full sized garage
• Covered breezeway

Tags

• CORNER LOT LOCATION
• FULL SIZED GARAGE
• STORAGE BUILDING
• FULLY FENCED YARD
• COVERED FRONT PORCH
• COVERED BREEZEWAY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $160k.

Deal economics

• At list price, monthly cash flow is $493 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 2.9% in Lebanon — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 71/100 on livability (#126 in OR) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A, cost of living A; Watch: schools C-, health & safety C-, amenities D+.
• Lebanon Community SD 9 (town): math 27% / reading 43% proficiency, ranked #26 of 58 in OR (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.5%/yr); 246 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 311 units permitted in Linn County in 2024 (60 in 5+ unit buildings).
• This rent runs 34% of the median local income ($69k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Linn County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 4.5% rent growth), your $45k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 207 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 21y ago; this cycle's ask has dropped $12k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 207 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.21% ✓
• Cap rate: 9.99%
• Cash-on-cash: 13.21%
• DSCR: 1.59
• GRM: 6.9

CMA / ARV

• ARV (median comp): $152,140
• List price: $159,900
• Delta: 5.10%
• Verdict: FAIR
• Comps: 19 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.55% rent growth · sell at horizon

5-year hold

• IRR: 4.8%
• Equity multiple: 1.19×
• Total profit: $8,514
• Equity at exit: $23,842

10-year hold

• IRR: 15.6%
• Equity multiple: 2.36×
• Total profit: $60,690
• Equity at exit: $13,825

Cash invested: $44,772 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 28 Tenant-Leaning
• State Oregon: 28 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

SB608 (2019): statewide rent cap (7% + CPI) and just-cause for tenancies > 1 yr. Portland has relocation assistance ordinance.

Methodology + full state rankings →

ZIP-level market 97355

• Rents YoY: 4.5%
• Active inventory: 246
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,927 high
• Mortgage (P&I): −$839
• Tax from tax record: −$125 /mo · $1,496/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$405
• Net cashflow: $493

Break-even live

Break-even rent $1,304

Max offer price $159,900

Occupancy floor 69%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
86 Weldwood Dr Lebanon, OR	2.0	2.0	1222	$1,650	$1.35	43d	1	0.13mi
26 Sand Ridge Ct Lebanon, OR	3.0	2.5	1696	$2,345	$1.38	43d	1	0.30mi
2656 S Main Rd #107 Lebanon, OR	3.0	2.5	1402	$1,950	$1.39	43d	1	0.43mi
3463 Snow Bird Dr Lebanon, OR	2.0	2.0	1621	$2,200	$1.36	43d	1	0.51mi
362 Seven Oaks Ln Lebanon, OR	3.0	2.5	1513	$2,250	$1.49	43d	2	0.63mi
E Airport Rd Lebanon, OR	1.0–3.0	1.0–2.0	993	$1,995	$2.01	43d	14	0.76mi
1900 S 2nd St Unit A304 Lebanon, OR	3.0	2.0	1177	$1,700	$1.44	43d	1	0.84mi
1900 S Second St Unit A201 Lebanon, OR	2.0	2.0	1078	$1,450	$1.35	43d	1	0.84mi
1096 Fuji Ln Lebanon, OR	3.0	2.0	1300	$2,395	$1.84	43d	1	0.95mi
929 Wassom St Unit 929 Lebanon, OR	2.0	2.0	1202	$1,800	$1.50	43d	1	0.96mi
1515 David Dr Unit 1515-DA Lebanon, OR	2.0	1.0	1104	$1,450	$1.31	43d	1	1.14mi
2400 12th St Lebanon, OR	1.0–2.0	1.0	926	$1,600	$1.73	43d	6	1.22mi

Listing history 32 events

1. 2026-06-19
   days on market $159,900 Active 207 DOM
2. 2026-06-18
   days on market $159,900 Active 206 DOM
3. 2026-06-17
   days on market $159,900 Active 205 DOM
4. 2026-06-16
   days on market $159,900 Active 204 DOM
5. 2026-06-15
   days on market $159,900 Active 203 DOM
6. 2026-06-14
   days on market $159,900 Active 201 DOM
7. 2026-06-13
   days on market $159,900 Active 200 DOM
8. 2026-06-10
   days on market $159,900 Active 198 DOM
9. 2026-06-09
   days on market $159,900 Active 197 DOM
10. 2026-06-08
    days on market $159,900 Active 196 DOM
11. 2026-06-07
    days on market $159,900 Active 195 DOM
12. 2026-06-03
    days on market $159,900 Active 191 DOM
13. 2026-06-02
    days on market $159,900 Active 190 DOM
14. 2026-06-01
    days on market $159,900 Active 189 DOM
15. 2026-05-31
    days on market $159,900 Active 188 DOM
16. 2026-05-30
    days on market $159,900 Active 187 DOM
17. 2026-05-13
    price $159,900 1057-char remark

    Show marketing remark (1057 chars)

    Rare corner-lot opportunity featuring a full-sized garage, separate storage building, and a fully fenced yard. You’ll love the covered front porch and the covered breezeway connecting to the garage. Numerous updates have been completed, including a remodeled kitchen, new carpet, and central A/C. Inside, enjoy a functional layout with a formal dining area, abundant storage, three well-sized bedrooms, two full bathrooms, and a spacious laundry room. Conveniently located near a popular dog park and shopping. If you have been considering buying in a manufactured park this is the one to check out. This home sits on a corner lot, has tons of room for parking, and feels like a home. The park has a small private park in it that is great for hosting events like a birthday party or a family get together. There are even tables and basketball hoops. If you want to know more about the buying process in a park I am happy to answer questions about just how to start that process. Don't wait and make an appointment today to see this move in ready home.

18. 2026-04-30
    price $163,900 1057-char remark

    Show marketing remark (1057 chars)

    Rare corner-lot opportunity featuring a full-sized garage, separate storage building, and a fully fenced yard. You’ll love the covered front porch and the covered breezeway connecting to the garage. Numerous updates have been completed, including a remodeled kitchen, new carpet, and central A/C. Inside, enjoy a functional layout with a formal dining area, abundant storage, three well-sized bedrooms, two full bathrooms, and a spacious laundry room. Conveniently located near a popular dog park and shopping. If you have been considering buying in a manufactured park this is the one to check out. This home sits on a corner lot, has tons of room for parking, and feels like a home. The park has a small private park in it that is great for hosting events like a birthday party or a family get together. There are even tables and basketball hoops. If you want to know more about the buying process in a park I am happy to answer questions about just how to start that process. Don't wait and make an appointment today to see this move in ready home.

19. 2026-04-08
    price $164,900 1057-char remark

    Show marketing remark (1057 chars)

    Rare corner-lot opportunity featuring a full-sized garage, separate storage building, and a fully fenced yard. You’ll love the covered front porch and the covered breezeway connecting to the garage. Numerous updates have been completed, including a remodeled kitchen, new carpet, and central A/C. Inside, enjoy a functional layout with a formal dining area, abundant storage, three well-sized bedrooms, two full bathrooms, and a spacious laundry room. Conveniently located near a popular dog park and shopping. If you have been considering buying in a manufactured park this is the one to check out. This home sits on a corner lot, has tons of room for parking, and feels like a home. The park has a small private park in it that is great for hosting events like a birthday party or a family get together. There are even tables and basketball hoops. If you want to know more about the buying process in a park I am happy to answer questions about just how to start that process. Don't wait and make an appointment today to see this move in ready home.

20. 2026-03-01
    price $165,900 1057-char remark

    Show marketing remark (1057 chars)

    Rare corner-lot opportunity featuring a full-sized garage, separate storage building, and a fully fenced yard. You’ll love the covered front porch and the covered breezeway connecting to the garage. Numerous updates have been completed, including a remodeled kitchen, new carpet, and central A/C. Inside, enjoy a functional layout with a formal dining area, abundant storage, three well-sized bedrooms, two full bathrooms, and a spacious laundry room. Conveniently located near a popular dog park and shopping. If you have been considering buying in a manufactured park this is the one to check out. This home sits on a corner lot, has tons of room for parking, and feels like a home. The park has a small private park in it that is great for hosting events like a birthday party or a family get together. There are even tables and basketball hoops. If you want to know more about the buying process in a park I am happy to answer questions about just how to start that process. Don't wait and make an appointment today to see this move in ready home.

21. 2026-01-18
    price $169,000 1057-char remark

    Show marketing remark (1057 chars)

    Rare corner-lot opportunity featuring a full-sized garage, separate storage building, and a fully fenced yard. You’ll love the covered front porch and the covered breezeway connecting to the garage. Numerous updates have been completed, including a remodeled kitchen, new carpet, and central A/C. Inside, enjoy a functional layout with a formal dining area, abundant storage, three well-sized bedrooms, two full bathrooms, and a spacious laundry room. Conveniently located near a popular dog park and shopping. If you have been considering buying in a manufactured park this is the one to check out. This home sits on a corner lot, has tons of room for parking, and feels like a home. The park has a small private park in it that is great for hosting events like a birthday party or a family get together. There are even tables and basketball hoops. If you want to know more about the buying process in a park I am happy to answer questions about just how to start that process. Don't wait and make an appointment today to see this move in ready home.

22. 2026-01-07
    price $171,500 1057-char remark

    Show marketing remark (1057 chars)

    Rare corner-lot opportunity featuring a full-sized garage, separate storage building, and a fully fenced yard. You’ll love the covered front porch and the covered breezeway connecting to the garage. Numerous updates have been completed, including a remodeled kitchen, new carpet, and central A/C. Inside, enjoy a functional layout with a formal dining area, abundant storage, three well-sized bedrooms, two full bathrooms, and a spacious laundry room. Conveniently located near a popular dog park and shopping. If you have been considering buying in a manufactured park this is the one to check out. This home sits on a corner lot, has tons of room for parking, and feels like a home. The park has a small private park in it that is great for hosting events like a birthday party or a family get together. There are even tables and basketball hoops. If you want to know more about the buying process in a park I am happy to answer questions about just how to start that process. Don't wait and make an appointment today to see this move in ready home.

23. 2025-11-24
    listed $172,000 Active 1057-char remark

    Show marketing remark (1057 chars)

    Rare corner-lot opportunity featuring a full-sized garage, separate storage building, and a fully fenced yard. You’ll love the covered front porch and the covered breezeway connecting to the garage. Numerous updates have been completed, including a remodeled kitchen, new carpet, and central A/C. Inside, enjoy a functional layout with a formal dining area, abundant storage, three well-sized bedrooms, two full bathrooms, and a spacious laundry room. Conveniently located near a popular dog park and shopping. If you have been considering buying in a manufactured park this is the one to check out. This home sits on a corner lot, has tons of room for parking, and feels like a home. The park has a small private park in it that is great for hosting events like a birthday party or a family get together. There are even tables and basketball hoops. If you want to know more about the buying process in a park I am happy to answer questions about just how to start that process. Don't wait and make an appointment today to see this move in ready home.

24. 2024-12-09
    soldstatus $160,000 Sold 528-char remark

    Show marketing remark (528 chars)

    RARE opportunity to buy a corner lot location w/full-sized garage, storage building & fully fenced yard. This home welcomes you w/a beautiful covered front porch & a covered breezeway to garage. Many updates have been done, including kitchen remodel, carpet, & central AC. Home features a great layout w/a formal dining area, tons of storage, three nice-sized bedrooms, two full bathrooms, & a large laundry room. Location is near a popular dog park & shopping. All ages park. Sale Fail & Back on Market!

25. 2024-10-30
    historical Active under Contract 528-char remark

    Show marketing remark (528 chars)

    RARE opportunity to buy a corner lot location w/full-sized garage, storage building & fully fenced yard. This home welcomes you w/a beautiful covered front porch & a covered breezeway to garage. Many updates have been done, including kitchen remodel, carpet, & central AC. Home features a great layout w/a formal dining area, tons of storage, three nice-sized bedrooms, two full bathrooms, & a large laundry room. Location is near a popular dog park & shopping. All ages park. Sale Fail & Back on Market!

26. 2024-10-26
    price $162,000 528-char remark

    Show marketing remark (528 chars)

    RARE opportunity to buy a corner lot location w/full-sized garage, storage building & fully fenced yard. This home welcomes you w/a beautiful covered front porch & a covered breezeway to garage. Many updates have been done, including kitchen remodel, carpet, & central AC. Home features a great layout w/a formal dining area, tons of storage, three nice-sized bedrooms, two full bathrooms, & a large laundry room. Location is near a popular dog park & shopping. All ages park. Sale Fail & Back on Market!

27. 2024-10-03
    price $165,000 528-char remark

    Show marketing remark (528 chars)

    RARE opportunity to buy a corner lot location w/full-sized garage, storage building & fully fenced yard. This home welcomes you w/a beautiful covered front porch & a covered breezeway to garage. Many updates have been done, including kitchen remodel, carpet, & central AC. Home features a great layout w/a formal dining area, tons of storage, three nice-sized bedrooms, two full bathrooms, & a large laundry room. Location is near a popular dog park & shopping. All ages park. Sale Fail & Back on Market!

28. 2024-09-24
    status Active 528-char remark

    Show marketing remark (528 chars)

    RARE opportunity to buy a corner lot location w/full-sized garage, storage building & fully fenced yard. This home welcomes you w/a beautiful covered front porch & a covered breezeway to garage. Many updates have been done, including kitchen remodel, carpet, & central AC. Home features a great layout w/a formal dining area, tons of storage, three nice-sized bedrooms, two full bathrooms, & a large laundry room. Location is near a popular dog park & shopping. All ages park. Sale Fail & Back on Market!

29. 2024-09-16
    historical Active under Contract 528-char remark

    Show marketing remark (528 chars)

    RARE opportunity to buy a corner lot location w/full-sized garage, storage building & fully fenced yard. This home welcomes you w/a beautiful covered front porch & a covered breezeway to garage. Many updates have been done, including kitchen remodel, carpet, & central AC. Home features a great layout w/a formal dining area, tons of storage, three nice-sized bedrooms, two full bathrooms, & a large laundry room. Location is near a popular dog park & shopping. All ages park. Sale Fail & Back on Market!

30. 2024-09-09
    listed $167,900 Active 528-char remark

    Show marketing remark (528 chars)

    RARE opportunity to buy a corner lot location w/full-sized garage, storage building & fully fenced yard. This home welcomes you w/a beautiful covered front porch & a covered breezeway to garage. Many updates have been done, including kitchen remodel, carpet, & central AC. Home features a great layout w/a formal dining area, tons of storage, three nice-sized bedrooms, two full bathrooms, & a large laundry room. Location is near a popular dog park & shopping. All ages park. Sale Fail & Back on Market!

31. 2014-05-20
    historical
32. 2005-09-21
    listed $56,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OR · Resets to sale price

• Current annual tax: $1,496 · $125/mo
• Projected year-2 tax: $1,551 · $129/mo
• Expected delta: +$55/yr (+$5/mo · 3.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 4/10 Moderate 7 d/yr ≥91°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 11 unhealthy d/yr today · 13 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,129
• − Mortgage interest: −$8,957
• − Property taxes: −$1,496
• − Insurance: −$800
• − Repairs & maintenance: −$1,850
• − Management: −$1,850
• − Depreciation: −$4,652
• Taxable income: $3,524
• Est. tax owed @ 24.0%: −$846
• After-tax cash flow: $5,068/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Lebanon Community SD 9
• NCES district ID: 4107380
• Math proficiency: 27% ▼ -10.00%
• Reading proficiency: 43% ▼ -4.00%
• Median HH income: $45,264
• Composite: 29.83/100
• National rank: #6418
• State rank: #26 of 58 in OR

Livability — Lebanon

• Score: 71/100
• State rank: #126
• US rank: #7209

Category grades

Amenities D+ Commute F Cost of living A Crime A Employment F Housing A+ Health & safety C- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lebanon, OR
• County: Linn County · 70,700 people
• City population: 34,292
• Metro: Albany-Lebanon, OR
• Population (ZIP): 34,292
• Household income: $68,595
• Rent vs Own: 31.7% rent · 68.3% own
• Severe rent burden: 1051.0

Population outlook (Linn County) Hauer SSP2

• Today (2025): 127,026 people
• By 2030: 129,540 · +2.0%
• By 2040: 132,780 · +4.5%
• By 2050: 133,614 · +5.2%
• By 2075: 129,061 · +1.6%
• By 2100: 112,224 · -11.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 7% Two or more races 7%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Italian 5% Slovak 3% Portuguese 3%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 5% French/Haitian/Cajun 1%

Political lean MEDSL · Linn

• 2024 margin: Strong R (+24.4) · D 36.2% · R 60.6% · Other 3.1%
• 2008→2024 swing: -13.0pp toward R · 2008: -11.4pp · 2024: -24.4pp
• All cycles: 2024: R+24.4 2020: R+23.4 2016: R+27.8 2012: R+17.2 2008: R+11.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -528.42%
• Current HPI: 221.8977
• Rent YoY: ▲ 4.55%
• Metro: Albany-Lebanon, OR
• State GDP YoY: ▲ 2.05%
• F500 in state: 2

Industry mix (Fortune 500 HQ in OR)

Industry	F500 HQs	Revenue
▸Consumer Goods	1	$51B

Price history

+183.0% since first listed

16 events — show timeline

• 2026-05-13 Price Changed $159,900 WVMLS
• 2026-04-30 Price Changed $163,900 WVMLS
• 2026-04-08 Price Changed $164,900 WVMLS
• 2026-03-01 Price Changed $165,900 WVMLS
• 2026-01-18 Price Changed $169,000 WVMLS
• 2026-01-07 Price Changed $171,500 WVMLS
• 2025-11-24 Listed $172,000 WVMLS
• 2024-12-09 Sold (MLS) $160,000 WVMLS
• 2024-10-30 Contingent — WVMLS
• 2024-10-26 Price Changed $162,000 WVMLS
• 2024-10-03 Price Changed $165,000 WVMLS
• 2024-09-24 Relisted — WVMLS
• 2024-09-16 Contingent — WVMLS
• 2024-09-09 Listed $167,900 WVMLS
• 2014-05-20 Listing Removed — WVMLS
• 2005-09-21 Listed $56,500 WVMLS

Property tax history

+2.9%/yr

Latest (2025): $1,496 · +3.4% YoY. Source: county tax records.