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3660 State 3666 St, Salem, OR 97301

Listing Courtesy of JOHN L. SCOTT-SALEM. 541-514-1779 Selling Office: SMI REAL ESTATE.

$725,000
10
BD
4
BA
3,988
SqFt
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Sold Price
$725,000
List Price
$725,000
Closing Date
Jun 11, 2024
MLS#
813345
Status
CLOSED
Type
Multifamily
Subtype
Quadruplex
City
Salem
Area
35 Suburban E Salem/South
County
Marion
Bedrooms
10
Bathrooms
4
Year Built
1977
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(503) 838-1912

Property Description

Rare Fourplex Investment Opportunity in Salem! This villa-style multifamily complex features two 2/1 units and two 3/1 units for a total of 10 beds across all 4 units. Complex is currently fully-rented at market rate with 7.71% CAP on actuals, and 8.61% pro-forma based on 10% increase in global rents. Separate 4-car garage offers covered parking/storage. Tucked in between Lancaster and I5 for easy commuting.

(503) 838-1912
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Additional Information

Elementary School
Four Corners
Middle School
Houck
High School
South 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.