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$775,000
3 Beds 2 Baths
Step into a rare piece of Lebanon history with this iconic 150+ year-old home, rich with character, craftsmanship, and opportunity. Built in the early days of downtown Lebanon, this one-of-a-kind residence blends timeless architectural detail with modern flexibility on an expansive 10,000+ sq ft lot just two blocks from the heart of town. From its unique stained glass, distinctive windows, elegant period details, and oversized rooms to its welcoming gardens and mature trees, this home offers a presence and story that cannot be replicated.Once overlooking open farmland, fields, and valley views, the home still carries the charm of a bygone era while offering the space and function today’s buyers are seeking. Imagine relaxing on the upper deck and taking in the setting, or enjoying long soaks in the oversized bathrooms with classic clawfoot tubs. Designed to accommodate a full house, the kitchen features generous cabinetry, large pantry space, and three refrigerators—ideal for entertaining, extended living, rental use, or short-term stay potential.With approximately 2,400 sq ft of finished living space plus a 1,200 sq ft basement already equipped with plumbing, electrical, and gas, there is tremendous potential to expand the home to over 3,600 sq ft. Create additional living quarters, guest space, a studio, recreation area, workshop, or explore future income-producing possibilities. The large lot also offers room to consider an ADU, garden expansion, outdoor entertaining areas, or additional parking, with buyers to verify all uses.Outside, meticulous landscaping surrounds the home, supported by an 8-station sprinkler system serving approximately 48 sprinkler heads. The grounds create a private, peaceful environment while keeping you moments from restaurants, shops, services, community events, and Lebanon’s growing downtown energy.Whether used as a grand personal residence, multigenerational home, investment property, student housing, short-term rental, or a legacy restoration opportunity, this property offers far more than square footage. It is a work of art, a piece of local history, and a lifestyle—filled with warmth, elegance, flexibility, and future potential. Homes with this level of history, scale, location, and character rarely come available.

488 S 2nd St, Lebanon

Listing Courtesy of KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM. DIREC: 541-990-7785

$150,000
2 Beds 1 Baths
Great opportunity on a spacious 0.46-acre lot in the heart of Lebanon! Bring your vision and your tool belt. Two dwellings on the property (stick-built home is 1,074 sq. ft.). The property is equipped with a well and a septic system (Septic Drain field needs to be replaced | buyer due diligence for condition and cost). An older manufactured home is on-site but holds no value (home placed without permits | septic system placed without permits | buyer to do due diligence). Sold strictly AS-IS; Seller will not do any repairs or clear any municipal or county violations. Buyer to perform ALL due diligence regarding land use, inspections, permits, well/septic testing, system conditions, and land surveys and assume responsibility for debris/personal property removal. Cash only.

3910 Santiam Hwy, Lebanon

Listing Courtesy of PREMIERE PROPERTY GROUP, LLC ALBANY. Cell: 503-999-5088

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.