NOT LISTED FOR SALE

1207 D St NE Unit 1217 Salem, OR 97301

Northeast Neighbors Neighborhood
-- Bed
-- Bath
-- Sq Ft
0.3 Acres

Last Sold January 03, 2024

Last sale price $820,000

87 Days on Market

About This Home

As of January 2024

The future upside for the next owner is to increase the current rents to market, which should bring the cap rate to approximately 6.5%. Additionally, if washer/dryers are added in the units to increase the rents, the cap rate should increase to approximately 7.5%. Please contact agent for additional information.

Last Listed By

David Keys

Norris & Stevens Investment Real Estate Services Brokerage Email: DavidK@norris-stevens.com License #820600052 Listed on: 08/01/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,218

Year Built

  • Built in 1962

Lot Details

  • 0.3

Interior Spaces

  • 2-Story Property

Schools

  • Parrish Middle School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • No Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 587264

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $23,363
  • Gross Income $70,730
  • Net Operating Income $47,367

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,218

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1962
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Lot Size: 10,000 to 14,999 SqFt
  • View: No

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: WallUnit
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Middle Or Junior School: Parrish

Lot Info

  • Zoning: RM2
  • Parcel #: 587264

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 4218.05

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 12.02
  • Annual Gross Income: 70730.0
  • Property Net Operating Income: 47367.0
  • Annual Operating Expense: 23363.0

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
01/03/2024 01/03/24 Sold $820,000 -3.5% --
10/28/2023 10/28/23 Pending -- -- --
10/02/2023 10/02/23 Price Changed $850,000 -2.9% --
08/28/2023 08/28/23 Price Changed $875,000 -2.8% --
08/01/2023 08/01/23 For Sale $900,000 +45.2% --
09/30/2020 09/30/20 Sold $620,000 -1.6% $132 / Sq Ft
07/11/2020 07/11/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $630,000 -- $134 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    David Keys

    Norris & Stevens Investment Real Estate Services

    (503) 223-3171

    2 in this area

    8 Total Sales

    David Keys
    Section Image
  • Ben Nelson

    Buyer's Agent in 2024

    Ben Nelson

    eXp Realty, LLC

    (503) 476-1020

    1 in this area

    84 Total Sales

    Ben Nelson
    Section Image
  • Patrick Jenkins

    Seller's Agent in 2020

    Patrick Jenkins

    Jenkins Realty

    (503) 422-9666

    1 in this area

    2 Total Sales

    Patrick Jenkins
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23563538

Regional Multiple Listing Service (RMLS)

APN: 073W23CA04000

Oregon Marion County Salem 97301 Northeast Neighbors

1207 D St NE Unit 1217, Salem, OR

Homes for Sale in Salem, OR

This home is located at 1207 D St NE Unit 1217, Salem, OR 97301 since 01 August 2023. This property was built in 1962. 1207 D St NE Unit 1217 is a home located in Marion County with nearby schools including Englewood Elementary 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.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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