NOT LISTED FOR SALE

1000 Capitol St NE Salem, OR 97301

Grant Neighborhood
12 Beds
12 Baths
7,191 Sq Ft
0.38 Acres

Last Sold February 03, 2022

Last sale price $2,400,000 $334 Per Sq Ft

116 Days on Market

Highlights

  • 0.38 Acre Lot
  • High Speed Internet
  • Carpet
  • Washer and Dryer
  • Lap Siding
  • Heating Available

About This Home

As of February 2022

Beautiful 12 plex recently updated!!! This complex has been recently updated in the heart of downtown Salem. Low vacancy rates. All units are 1 bedroom/1bathroom with laundry in each unit. Additional garage rental and three parking space rentals that offer additional income opportunities. This property is a must visit for investors. Visual inspections upon acceptable offer.

Last Agent to Sell the Property

Jim Sparkman

HOMESMART REALTY GROUP License #200505018 Listed on: 06/17/2021

HOMESMART REALTY GROUP

Last Buyer's Agent

Gabe Johansen

SMI REAL ESTATE License #201202003

SMI REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,618

Year Built

  • Built in 1930

Lot Details

  • 0.38

Home Design

  • 7,191 Sq Ft Home
  • Lap Siding

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Utilities

  • Heating Available
  • High Speed Internet

Additional Features

  • Washer and Dryer
  • 0.38 Acre Lot

Listing and Financial Details

  • Legal Lot and Block 1+2 / 2

Community Details

Overview

  • 12 Units

Building Details

  • Trash Expense $1,800
  • Water Sewer Expense $4,400
  • Operating Expense $28,431

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,618

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Range Facility: Electric
  • Syndicated Remarks: Beautiful 12 plex recently updated!!! This complex has been recently updated in the heart of downtown Salem. Low vacancy rates. All units are 1 bedroom/1bathroom with laundry in each unit. Additional garage rental and three parking space rentals that offer additional income opportunities. This property is a must visit for investors. Visual inspections upon acceptable offer.
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 12
  • Total Bedrooms: 12
  • Laundry: W/D Included
  • Price Per Sq Ft: 333.75
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 333.75

Exterior Features

  • Exterior Color: Grey
  • Siding: Composite
  • Siding Style: Lap

Utilities

  • Heating: Electric
  • High Speed Comm Access: Present
  • Water: Connected, City
  • Garbage: 1800
  • Sewer: City
  • Water/Sewer: 4400

Condo/Co-op/Association

  • Mgmt Acct: 10600

Lot Info

  • Acres: 0.38
  • Estimated Lot Sq Ft: 16553
  • Lot: 1+2
  • Price Per Acre: 6315789.47
  • Zoning: RM2
  • Property Use Type: Investment

Rental Info

  • Total Expenses: 28431

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R85622
  • Tax Account Number: R85622
  • Tax Amount: 8618

Multi Family

  • Gross Sched Income: 143000
  • Unit Types: Flat
  • Number Of Units: 12

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2022 02/03/22 Sold $2,400,000 +9.1% $334 / Sq Ft
01/03/2022 01/03/22 For Sale $2,200,000 -8.3% $306 / Sq Ft
01/01/2022 01/01/22 Off Market $2,400,000 -- --
10/11/2021 10/11/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $2,200,000 -- $306 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jim Sparkman

    Seller's Agent in 2022

    Jim Sparkman

    HOMESMART REALTY GROUP

    (503) 910-8414

    1 in this area

    71 Total Sales

    Section Image
  • Gabe Johansen

    Buyer's Agent in 2022

    Gabe Johansen

    SMI REAL ESTATE

    (503) 851-0048

    2 in this area

    89 Total Sales

    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 779309

Willamette Valley MLS

APN: 073W23CA06500

Oregon Marion County Salem 97301 Grant

1000 Capitol St NE, Salem, OR

This home is located at 1000 Capitol St NE, Salem, OR 97301 since 17 June 2021. This property was built in 1930. 1000 Capitol St NE is a home located in Marion County with nearby schools including Grant Community School, Parrish Middle School, and North Salem High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS 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. WVMLS Member Broker: Arlene Richardson

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