NOT LISTED FOR SALE

1225 8th St NW Salem, OR 97304

West Salem Neighborhood
12 Beds
12 Baths
7,244 Sq Ft
0.28 Acres

Last Sold June 30, 2021

Last sale price $1,180,000 $163 Per Sq Ft

37 Days on Market

Highlights

  • Deck
  • Patio
  • Landscaped
  • Territorial View
  • Zoned Heating
  • High Speed Internet

About This Home

As of June 2021

Well maintained Income producing 6plex 7244sf Located in W. Salem. fully occupied with stable long term tenants, rents current. rents shown in listing rents reflect rent increase notified and effective for June. new roof in 2017, 6 units 1200sq ft ea. 2 bed 1.5 bath. 9 carport spaces 1 ea +3 extra. units are cleaned and painted between tenants. Desirable large units with grass area in front in a neighborhood setting

Last Agent to Sell the Property

Catherine Underwood-Bush

CHEDDAR REALTY License #200703199 Listed on: 05/03/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,191

Year Built

  • Built in 1994

Lot Details

  • 0.28 Acre Lot
  • Partially Fenced Property
  • Landscaped

Home Design

  • Shingle Roof
  • Composition Roof
  • Lap Siding
  • Vinyl Siding

Interior Spaces

  • 7,244 Sq Ft Home
  • Dining Area
  • Territorial Views
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Outdoor Features

  • Deck
  • Patio

Utilities

  • Zoned Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Exclusions: tenants personal property, Incl W/D
  • Legal Lot and Block 7 / 6

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $120
  • Maintenance Expense $200
  • Trash Expense $125
  • Water Sewer Expense $375
  • Net Operating Income $5,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,191

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Well maintained Income producing 6plex 7244sf Located in W. Salem. fully occupied with stable long term tenants, rents current. rents shown in listing rents reflect rent increase notified and effective for June. new roof in 2017, 6 units 1200sq ft ea. 2 bed 1.5 bath. 9 carport spaces 1 ea +3 extra. units are cleaned and painted between tenants. Desirable large units with grass area in front in a neighborhood setting
  • Cross Street: Gerth
  • Year Built: 1994
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Exclusions: tenants personal property, Incl W/D
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate, Vinyl
  • Total Bathrooms: 12
  • Total Bedrooms: 12
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 162.89
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 165.65

Exterior Features

  • Patio: Deck, Patio
  • Exterior Color: tan
  • Fenced Yard: Partial
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition, Shingle
  • Siding: Vinyl
  • Siding Style: Lap
  • View: Territorial

Utilities

  • Heating: Electric, Zonal
  • High Speed Comm Access: Available
  • Water: Connected, City
  • Water Heater: Electric
  • Garbage: 125
  • Insurance: 120
  • Sewer: City
  • Water/Sewer: 375

Condo/Co-op/Association

  • Maintenance: 200

Schools

  • Elementary School: Harritt
  • Middle School: Walker
  • High School: West Salem

Lot Info

  • Acres: 0.28
  • Estimated Lot Sq Ft: 12416
  • Flood Plain: Unknown
  • Lot: 7
  • Lot Type: Dimension Above
  • Price Per Acre: 4285714.29
  • Zoning: MF
  • Property Use Type: Investment
  • Geo Subdivision: OR

Multi Family

  • Net Income: 5320
  • Gross Sched Income: 63840
  • Unit Types: Flat
  • Number Of Units: 6

Tax Info

  • Tax Account Number: 388865
  • Tax Amount: 7191

Range of Values:

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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
06/30/2021 06/30/21 Sold $1,180,000 -1.7% $163 / Sq Ft
05/03/2021 05/03/21 For Sale $1,200,000 -- $166 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Catherine Underwood-Bush

    Seller's Agent in 2021

    Catherine Underwood-Bush

    CHEDDAR REALTY

    (503) 881-3560

    4 in this area

    55 Total Sales

    Catherine Underwood-Bush
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 777016

Willamette Valley MLS
Oregon Polk County Salem 97304 West Salem

1225 8th St NW, Salem, OR

This home is located at 1225 8th St NW, Salem, OR 97304 since 03 May 2021. This property was built in 1994. 1225 8th St NW is a home located in Polk County with nearby schools including Myers Elementary School, Walker Middle School, and West 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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