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Listing provided courtesy of SMI REAL ESTATE: 503-390-6060.

1416 - 1456 D NE

Salem, OR 97301
  • $1,300,000
  • STATUS: Active
  • ON SITE: 224 Days
  • MLS #: 809323
UPDATED: 31 min ago
$1,300,000
  • 15
    BEDS
  • 0.32
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 6,940
    SQFT
  • $187
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Information

Elementary School:
Middle School:
High School:
Listing provided courtesy of SMI REAL ESTATE: 503-390-6060. Listing information © 2024 Willamette Valley Multiple Listing Service



Description

8 units consisting of (7) 2 bed / 1 bath and (1) 1 bath/ 1bath. Below market rents w/significant upside. 1 unit was recently renovated. Property is professionally managed allowing for hassle-free ownership if buyer desires to retain management. Current 5.3 cap rate based on actual data. Ideal for investors seeking appreciate and higher ROI. Prime location with strong rental demand. Located less than one block east of North Salem High School and close to Parrish Middle School. Do not disturb the residents

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Willamette Valley MLS logo © 2024 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: 2024-04-20T21:59:05.78.
www.willamettevalleyhouses.com/homes/143226644
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1416 - 1456 D NE Salem, OR 97301

  • Price: $1,300,000
  • Status: Active
  • On Site: 224 Days
  • Updated: 31 min ago
  • MLS #: 809323
15
Beds
8
Baths
0
½ Baths
0.32
Acres
6,940
SQFT
$187
$/SQFT
1970
Built
Neighborhood:
20 CENTRAL SALEM
County:
Marion
Area:
20 CENTRAL SALEM
Elementary School:
Englewood
Middle School:
Parrish
High School:
North Salem
Property Description
8 units consisting of (7) 2 bed / 1 bath and (1) 1 bath/ 1bath. Below market rents w/significant upside. 1 unit was recently renovated. Property is professionally managed allowing for hassle-free ownership if buyer desires to retain management. Current 5.3 cap rate based on actual data. Ideal for investors seeking appreciate and higher ROI. Prime location with strong rental demand. Located less than one block east of North Salem High School and close to Parrish Middle School. Do not disturb the residents
Exterior Features

Exterior Color Taupe Landscape Irrigation SystemYes Roof Composition Siding Style T111

Interior Features

Laundry Laundry Center

Property Features

Cross Street 14th High Speed Comm Access Available Home Warranty No Homeowners Association No Association Multifamily Type Multi- (5+) New Construction No Possession COE Property Use Type Investment Seller To Do1031 Yes Sewer City Tax Amount 7883 Tax Years 2022 Terms Seller Will Consider CashConventional Water City

© 2024 Willamette Valley Multiple Listing Service. All rights reserved.


Willamette Valley MLS logo © 2024 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: 2024-04-20T21:59:05.78.
 
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Young Property Group | Keller Williams Realty Mid Willamette
2125 Pacific Blvd SW
Albany OR, 97322
Listing provided courtesy of SMI REAL ESTATE: 503-390-6060. Listing information © 2024 Willamette Valley Multiple Listing Service