Listing Courtesy of:
EXP REALTY, LLC
Agency Contact: 503-577-8853
BEDS4
BATHS4
SQUARE FEET2,282
MLS#841069
STATUS
PROPERTY TYPEMulti Unit - Multiple
Property Description
Charming detached 4-unit multifamily property ideally situated near downtown Salem, public transit, and local colleges. Each unit is a 1BD/1BA (tub/shower), fridge, stove/refrigerator, private entrance, individual electric meter, and separate water heater - set up for straightforward management and tenant privacy. The building was substantially remodeled and partially rebuilt in the early 1990s with continued updates since: newer water heaters, fresh flooring throughout, and roof replaced in 2017. Residents enjoy dedicated off-street parking, on-site coin-operated laundry, and a fully fenced backyard courtyard. Excellent investment opportunity with potential to assume an attractive 2.75% FHA loan (buyer to verify with lender). Showings available by appointment only. Seller is related to listing agent.
Property Features
Property Type: Multi Unit - Multiple
Fenced: Yes
Home Style: Quad/Shared
Lot Size: 0.13 Acres
Roof Type: Composition
Taxes: $3,638
Year Built: 1925
Units
Unit 1:
Bathroom(s): 1
Bedrooms: 1
Unit 2:
Bathroom(s): 1
Bedrooms: 1
Unit 3:
Bathroom(s): 1
Bedrooms: 1
Unit 4:
Bathroom(s): 1
Bedrooms: 1
Feature Descriptions
Days on Site: 7
Dishwasher: Yes
Fencing: Partial
Flooring: Laminate
Heating/Cooling: Wall Furnace
Laundry: Laundry Center
Lot Dimensions: 0.13 Acre(s)
Lot Type: Common Area
Price Per Square Foot: 241.02
Property Use: Business, Investment
Sewer: City
Units: 4
Water: City
Water Heater: Electric
Local Schools
High School: South Salem
Middle School: Leslie
Elementary School: Richmond
Listed By / Shown By
Listed By
Agency Name: EXP REALTY, LLC
Agency Contact: 503-577-8853
Shown By
Agent Name: Charity Blankenship
Agent Phone: (503) 930-5855
Agency Title: Coldwell Banker Valley Brokers
Estimate Your Payment
Estimated Payment
$ 1,687.64 per month $1,224.06 Principal & Interest $303.17 Property Tax $160.42 Homeowner's Insurance