$950,000 Price Analysis    ♡   Salem, OR 97301 12 bed 4 bath 4,376 SqFt ($217/SqFt) 0.32 acre lot. Built 1926 Listed 2024-07-06, Taxes $6,187 | Ⓧ USDA Ineligible due to price & location near Salem |
Hunting for a extraordinary real estate investment? You have found it!
And let's be honest, they don't come along often. This 4-plex commands top rental rates and is CUTE. Cute equals higher rental rates and happier tenants, which in turn, equals a happier owner. Become that happy owner. Live in one and rent the others to pay your mortgage for you OR buy and rent them all. Each house is identical with a bed and bath on the first floor, two bedrooms upstairs, & unfinished basement. Now is your chance to invest smart.1900, 1910 and 1920 each come with a private additional storage unit on the property.
They are big enough for bikes, holiday decorations, camping gear, strollers, etc. 1930 comes wth two off-street parking spaces and a full garage. 1910 is the staged unit that is ready for showings. The other units are available to view with an accepted offer. Inspection reports are available for each unit. Ask your real estate broker for a copy. 1930, while vacant, is listed for rent at $1, 795. Seller invested $17, 477 into a new sewer line on 07 /16/2024. Tenants pay for electricity, gas and garbage.
Presented by heather rauh at
Homesmart Realty Group.
Property MLS #24438679 from RMLS
Heating Fuel: Electricity, Gas
Heating: Yes
Water Heaters: Electricity
Lot Size Acres: 0.32
Lot Size Square Feet: 13939
Parking Features: Driveway, OffStreet
Parking Total: 5
Rent Includes: MaintenanceGrounds, Sewer, Water
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 3
Bedrooms in Unit-3: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Middle School: Parrish
Map directions Map directions Map directions Map directionsAnnual Tax Amount: 6562.649999999
Source Listing Status: Active
County: Marion
Cap Rate: 5.85
Directions: South on Fairgrounds RD NE. Right on South St NE. Right on Laurel Ave NE.
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: Highland
Parcel Number: 526489
Subdivision: Highland
Zoning: RM2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $324,640 | $6,187 |
| 2021 | $unknown + $unknown $315,190 | $6,011 |
| 2020 | $unknown + $unknown $306,010 | $5,835 |
| 2019 | $unknown + $unknown $297,100 | $5,630 |
| 2018 | $unknown + $unknown $288,450 | $5,730 |
| 2017 | $unknown + $unknown $280,050 | $5,171 |
| 2016 | $unknown + $unknown $271,900 | $4,926 |
| 2015 | $unknown + $unknown $263,990 | $4,963 |
| 2014 | $unknown + $unknown $256,310 | $4,803 |
| 2013 | $unknown + $unknown $248,850 | $4,705 |
| 2012 | $unknown + $unknown $241,610 | $4,511 |
| 2011 | $unknown + $unknown $234,580 | $4,392 |
| 2010 | $unknown + $unknown $227,750 | $4,214 |
| 2009 | $unknown + $unknown $221,120 | $3,931 |
| 2008 | $unknown + $unknown $214,680 | $3,931 |
| 2007 | $unknown + $unknown $208,430 | $3,807 |
$950,000
RMLS
Listed 2024-07-06
$950,000
Willamette
Listing removed 2024-03-28
$875,000
RMLS
Listing removed 2023-06-24
$0
Willamette
Listed 2023-06-15
$875,000
Willamette
Listing removed 2021-09-01
$0
TenantTurner
Listed for rent 2021-08-17
$1,545
TenantTurner
Listing removed 2021-05-04
$700,000
RMLS
Listed 2021-01-21
$700,000
RMLS
Sold 2016-06-30
$268,800
Public Record
Listing removed 2016-06-18
$300,000
Willamette
Listed 2016-06-08
$300,000
Willamette
Sold 1998-10-15
$200,000
Public Record
Sold 1992-07-20
$139,000
Public Record
Operating Expense: 18434
Building Area Total: 4376
Building Exterior Type: WoodSiding
Foundation Details: ConcretePerimeter
Property Age: 98
Property Condition: UpdatedRemodeled
Roof: Shingle
Levels or Stories: 3
Water Source: PublicWater
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.