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196 & 198 SE Lacreole Dr, 
Dallas, OR 97338

$749,900


Bed


6

Baths


3,128

Sq Ft


Multi-Family

Active

Listed by

Phil Hyre, Cell: 503-586-8537

Mariah Beery

Realty First Dallas

503-420-4588

Last updated:

September 4, 2026, 01:18 AM

MLS#

845368

Source:

OR WVMLS

About This Home

196 & 198 SE Lacreole Dr

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.

Home Facts

Multi-Family

6 Baths

Built in 2024

Price Summary

749,900

$239 per Sq. Ft.

MLS #:

845368

Last Updated:

September 4, 2026, 01:18 AM

Added:

11 day(s) ago


Rooms & Interior

Bathrooms

Total Bathrooms:

6

Interior

Living Area:

3,128 Sq. Ft.


Structure

Structure

Building Area:

3,128 Sq. Ft.

Year Built:

2024


Lot

Lot Size (Sq. Ft):

12,632


Finances & Disclosures

Finances

Price:

$749,900

Price per Sq. Ft:

$239 per Sq. Ft.

MLS Logo
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.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.