Duplex Development Opportunity on Lebanon’s West Side! This .60-acre, flat and level lot is already zoned RD-9 for multifamily development, making it an excellent opportunity for a duplex or other permitted residential development. The property is ready to build on and offers convenient access to multiple retail outlets, restaurants, and healthcare facilities—all just minutes away. A great location for investors or builders looking for a ready-to-develop multifamily site.
CloseDaily local analysis
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
This property is grouped with the current listings without a reported bedroom count in Lebanon. Its asking price falls near the 16th percentile of that active group. The comparison uses 256 active or publicly marketable listings from the same local MLS source, filtered to records without a reported bedroom count.
The property has been tracked for 0 days, while the current cohort averages 77 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $428,000, and the median is $217 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 14261/2 Alhambra Dr | Aug 21, 2026 | — · 2,030 sqft | $372,500 | 0.0 mi |
| 1419 Alhambra Dr | Aug 17, 2026 | 3 bd · 2,077 sqft | $450,000 | 0.2 mi |
| 322 Carver Ln | Aug 17, 2026 | 3 bd · 1,812 sqft | $436,000 | 0.2 mi |
| 314 Babb Dr | Jun 2, 2026 | — | $3,100,000 | 0.4 mi |
| 430 Carver Ln | Jun 9, 2026 | 2 bd · 975 sqft | $335,000 | 0.5 mi |
| 1512 Smith Dr | Sep 4, 2026 | 3 bd · 2,137 sqft | $450,000 | 0.5 mi |
| 127 Pekka Dr | Jul 16, 2026 | 3 bd · 2,032 sqft | $420,000 | 0.5 mi |
| 109 Eliza Way | Jul 15, 2026 | 3 bd · 1,586 sqft | $389,000 | 0.6 mi |
MLS timeline
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
Location reference points
These distances are precomputed from the listing coordinates and a maintained set of regional landmarks; no mapping service is called when this page loads. Mileage is straight-line distance. Driving minutes are a planning estimate derived from that distance and should be checked against a live route before a showing or commute.
Continue comparing
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
View all Lebanon homes for sale · See the Lebanon market report