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.
Active
Price increase: $4K (8/6)
$299,000
646 SE 8th St, Toledo, OR 97391
3beds
2sqft
Duplex
Built in 1938
-- sqft lot
$-- Zestimate®
$149,500/sqft
$-- HOA
What's special
Large yardGenerously sized lot
- 19 days |
- 546 |
- 28 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Samantha McClain 503-318-3020,
Realty One Group At The Beach, Newport,
Gina Rae Bebek 503-753-9071,
Realty One Group At The Beach, Newport
Source: OCMLS,MLS#: 26-2168
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Electric Range, Refrigerator, Water Heater
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Carpet, Vinyl
- Has basement: No
Interior area
- Total structure area: 2
- Total interior livable area: 2 sqft
- Finished area above ground: 1,700
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Driveway, Off Street, On Street, Tandem
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered Porch
- Exterior features: Garden
- Fencing: Chain Link
Lot
- Size: 4,791 Square Feet
- Features: Level, Gentle Sloping
Details
- Parcel number: 111017CA450000
- Zoning description: R-G Residential, General
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cottage
- Property subtype: Duplex
Materials
- Fiber Cement
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New construction: No
- Year built: 1938
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected, Phone Available, Separate Meters
Community & HOA
Community
- Subdivision: Vincent's
HOA
- Has HOA: No
Location
- Region: Toledo
Financial & listing details
- Price per square foot: $149,500/sqft
- Tax assessed value: $297,310
- Annual tax amount: $1,722
- Date on market: 8/6/2026
- Listing terms: 1031 Exchange,Cash,Conventional,USDA Loan,VA Loan,Submit,Rehabilitation Loan
- Tenant pays: All Utilities
- Electric utility on property: Yes
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
$1,993/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Price change | $299,000+1.4%$149,500/sqft |
Source:  OCMLS #26-2168 Report a problem | ||
| 6/25/2026 | Price change | $295,000-6.3%$147,500/sqft |
Source: OCMLS #26-818 Report a problem | ||
| 4/2/2026 | Price change | $315,000-1.6%$157,500/sqft |
Source: OCMLS #26-818 Report a problem | ||
| 6/25/2025 | Listed for sale | $320,000+226.2%$160,000/sqft |
Source: OCMLS #25-1459 Report a problem | ||
| 10/21/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 10/7/2022 | Price change | $1,875-6.3%$938/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/24/2022 | Listed for rent | $2,000$1,000/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/8/2005 | Sold | $98,110$49,055/sqft |
Source:  OCMLS #04-3419 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,670 +5% | $108,640 +3% |
| 2024 | $1,591 +0.8% | $105,480 +3% |
| 2023 | $1,578 +3.1% | $102,410 +3% |
| 2022 | $1,530 -0.5% | $99,430 +3% |
| 2021 | $1,538 +5.3% | $96,540 +3% |
| 2020 | $1,460 | $93,730 +3% |
| 2019 | -- | $91,000 +3% |
| 2018 | $1,420 | $88,350 +3% |
| 2017 | $1,420 +11.4% | $85,780 +3% |
| 2016 | $1,275 | $83,290 +3% |
| 2015 | $1,275 +7.5% | $80,870 +3% |
| 2014 | $1,186 | $78,520 +3% |
| 2013 | $1,186 +4.3% | $76,240 +3% |
| 2012 | $1,137 +2.6% | $74,020 +3% |
| 2011 | $1,108 +2.8% | $71,870 |
| 2010 | $1,078 +3.4% | $71,870 +6.1% |
| 2009 | $1,042 +2.8% | $67,750 |
| 2008 | $1,014 +3.2% | $67,750 +6.1% |
| 2007 | $982 | $63,870 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97391
Nearby schools
GreatSchools rating
- 5/10Toledo Elementary SchoolGrades: K-6Distance: 0.6 mi
- 3/10Toledo Junior High SchoolGrades: 7-8Distance: 0.6 mi
- 1/10Toledo Junior/Senior High SchoolGrades: 9-12Distance: 1.3 mi
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A local agent can set up tours, give advice and negotiate with sellers.
