$699,000
PENDING

Estimated payment $4,457/month

Total Views 4,497
4 Beds
2.5 Baths
2,955 Sq Ft
$237 Price per Sq Ft

About This Home

Landmark Mixed Use Building Located on Bustling North Street at the Doorstep of Downtown Salem and Salem Train Station. Fantastic Investment Property fulled leased offered at a 8 cap.

Listing Agent

Steven Belesis

Citylight Homes LLC Listed on: 05/19/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,776

Year Built

  • Built in 1890

Lot Details

  • 2,104 Sq Ft Lot
  • Level Lot
  • Irregular Lot

Parking

  • 1 Car Parking Space

Interior Spaces

  • 2,955 Sq Ft Home
  • Property has 1 Level
  • Partial Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Community Details

  • 2 Units
  • Net Operating Income $79,860

Listing and Financial Details

  • Assessor Parcel Number M:26 L:0392,4078809

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,776

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1890
  • Levels: 3
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bathrooms: 2.5
  • Basement: Partial
  • Above Grade Finished Sq Ft: 2955
  • Living Area: 2955
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN6617
  • LIST PRICE PER Sq Ft: 236.55
  • PRICE PER Sq Ft: 236.55

Exterior Features

  • Foundation Details: Irregular
  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: M:26 L:0392,4078809
  • Zoning: B1
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 2104
  • Lot Size Units: Acres
  • PAGE: 430

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 7776
  • Tax Book Number: 12484

Multi Family

  • Gross Income: 79860
  • Net Operating Income: 79860
  • Number Of Units Total: 2
  • Total Actual Rent: 6655
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $488,100 $141,900 $346,200
2024 -- $452,600 $141,900 $310,700
2023 $0 $417,800 $125,200 $292,600
2022 $0 $400,800 $116,900 $283,900
2021 $0 $393,000 $109,100 $283,900
2020 $0 $374,700 $113,000 $261,700
2019 $0 $364,700 $103,000 $261,700
2018 $0 $317,000 $89,000 $228,000
2017 $0 $286,900 $71,200 $215,700
2016 $5,855 $286,900 $71,200 $215,700
2015 $5,855 $265,900 $61,200 $204,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 Pending -- -- --
05/19/2025 05/19/25 For Sale $699,000 -- $237 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Purchase History

Date Type Sale Price Title Company
Deed $130,000 --
Deed $130,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $91,000 Commercial
Source: Public Records

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73377493

MLS Property Information Network (MLS PIN)

APN: SALE-000026-000000-000392