1416 D 1456 St Ne, Salem, OR 97301

Listing Courtesy of SMI REAL ESTATE. Cell: 971-707-0335 Selling Office: COLDWELL BNKR/COMMERCIAL DIV.

$1,075,000
15
BD
8
BA
6,940
SqFt
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Sold Price
$1,075,000
List Price
$1,150,000
Closing Date
Jul 12, 2024
MLS#
809323
Status
CLOSED
Type
Multifamily
Subtype
Multi Family
City
Salem
Area
20 Central Salem
County
Marion
Bedrooms
15
Bathrooms
8
Year Built
1970
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(503) 838-1912

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 5.76 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

(503) 838-1912
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Additional Information

Water
Public
Sewer
Public Sewer
Roof
Composition
Elementary School
Englewood
Middle School
Parrish
High School
North Salem
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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.