186 & 188 Se Lacreole Dr, Dallas, OR 97338

Property Description

1031 investment opportunity! Turnkey 2024-built duplex, both sides currently rented. Each side offers 3 bedrooms, 2.5 baths, granite throughout, a single-car garage, a stainless steel stove, dishwasher, and microwave, and waterproof laminate flooring downstairs. Ductless mini-split heat, fiber cement siding, and fenced, landscaped backyards keep upkeep low. Private drive access, city water and sewer. A low-maintenance, income-producing duplex minutes from downtown Dallas and the Salem commute. 1031 investment opportunity. A turnkey 2023-built duplex on its own private drive, with both sides currently rented and producing.Each side lives like a single-family home: 3 bedrooms, 2.5 baths, granite throughout, a single-car garage, stainless steel stove, dishwasher, and microwave, and waterproof laminate flooring downstairs. Ductless mini-split heat, fiber cement lap siding, and fenced, landscaped backyards were all chosen with upkeep in mind, so ownership stays simple. City water, city sewer, and high-speed internet available.Location is what keeps units like these leased. LaCreole Middle School and the Dallas Aquatic Center — an indoor pool with lap lanes, a leisure pool, and year-round programs — sit just down the same street. The Rickreall Creek Trail System runs through town for walking and biking, connecting neighborhoods to Dallas City Park, the ballfields, and the downtown core, where you will find local coffee, the library, the Saturday farmers market, and the historic Polk County Courthouse.Polk County is the quiet side of the Willamette Valley, and tenants know it. Salem is about 15 minutes east for jobs, hospitals, and the airport shuttle. Monmouth and Independence, home to Western Oregon University and the Willamette Riverfront, are a short drive south. Wineries and tasting rooms line the hills toward Bethel Heights and the Eola-Amity area, Baskett Slough National Wildlife Refuge draws birders every winter, and the Polk County Fairgrounds in Rickreall hosts events all year. Portland and the Oregon Coast are each about an hour and a half out — close enough for a weekend trip.For an investor, the math is straightforward: newer construction means fewer surprises, two rented 3-bedroom units mean two income streams instead of one, and a low-maintenance exterior means fewer weekends spent on the property. Whether you are completing a 1031 exchange, adding to a portfolio, or buying your first multi-family, this one is ready to go on day one.