Listing Courtesy of:
SMI REAL ESTATE
Agency Contact: 541-646-0650
BEDS6
BATHS7
SQUARE FEET5,099
MLS#846552
STATUS
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONOak Lawn Park
Property Description
8 Unit Mixed use investment opportunity sitting on a high-traffic corner near downtown Salem! Features (2) retail spaces with solid rental history and (6) well-kept, secluded 1 bed/1 bath apartments. Primary retail tenant in place for 23 years! Located on the bus line, walkable to downtown amenities. Tenants enjoy a private courtyard, with alley access, (1) parking space per unit, and shared laundry. Significant rental upside offers investors the opportunity to boost income and improve cash flow in 2027!
Property Features
Property Type: Multi Unit - Multiple
Fenced: Yes
Home Style: Flat
Lot Size: 0.24 Acres
Taxes: $4,369
Year Built: 1946
Units
Unit 1:
Bathroom(s): 0.5
Unit 2:
Bathroom(s): 0.5
Unit 3:
Bathroom(s): 2
Bedrooms: 2
Unit 4:
Bathroom(s): 3
Bedrooms: 3
Unit 5:
Bathroom(s): 1
Bedrooms: 1
Feature Descriptions
Dining Room: Area (Combination)
Dishwasher: No
Fencing: Partial
Flooring: Laminate, Vinyl
Foundation: Slab
Frontage: 62 Feet
Heating/Cooling: Electric, Zonal
Laundry: Laundry Center
Lot Dimensions: 0.24 Acre(s)
Lot Type: Irregular
Price Per Square Foot: 156.87
Property Use: Business
Range: Electric, Range Included
Sewer: City
Units: 8
Water: City
Water Heater: Electric
Local Schools
High School: North Salem
Middle School: Parrish
Elementary School: Englewood
Listed By / Shown By
Listed By
Agency Name: SMI REAL ESTATE
Agency Contact: 541-646-0650
Shown By
Agent Name: Charity Blankenship
Agent Phone: (503) 930-5855
Agency Title: Coldwell Banker Valley Brokers
Estimate Your Payment
Estimated Payment
$ 2,377.62 per month $1,780.23 Principal & Interest $364.08 Property Tax $233.30 Homeowner's Insurance