NOT LISTED FOR SALE

1416 D (-1456) St NE Salem, OR 97301

Northeast Neighbors Neighborhood
15 Beds
8 Baths
6,940 Sq Ft
0.32 Acres

Last Sold July 12, 2024

Last sale price $1,075,000 $155 Per Sq Ft

47 Days on Market

Highlights

  • 0.32 Acre Lot
  • Laundry Facilities
  • High Speed Internet
  • Landscaped

About This Home

As of July 2024

8 units consisting of (7) 2 bed / 1 bath and (1) 1 bath/ 1bath. Below market rents w/significant upside. 1 unit was recently renovated. Property is professionally managed allowing for hassle-free ownership if buyer desires to retain management. Current 5.76 cap rate based on actual data. Ideal for investors seeking appreciate and higher ROI. Prime location with strong rental demand. Located less than one block east of North Salem High School and close to Parrish Middle School. Do not disturb the residents

Last Agent to Sell the Property

Patrick Mulhern Team

SMI REAL ESTATE License #201216883 Listed on: 09/08/2023

SMI REAL ESTATE

Last Buyer's Agent

Pam Rushing

COLDWELL BNKR/COMMERCIAL DIV License #200202271

COLDWELL BNKR/COMMERCIAL DIV

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,883

Year Built

  • Built in 1970

Lot Details

  • 0.32 Acre Lot
  • Landscaped
  • Sprinkler System

Home Design

  • 6,940 Sq Ft Home
  • Composition Roof
  • T111 Siding

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 8 Bathrooms

Schools

  • Englewood Elementary School
  • Parrish Middle School
  • North Salem High School

Utilities

  • High Speed Internet

Community Details

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,883

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Syndicated Remarks: 8 units consisting of (7) 2 bed / 1 bath and (1) 1 bath/ 1bath. Below market rents w/significant upside. 1 unit was recently renovated. Property is professionally managed allowing for hassle-free ownership if buyer desires to retain management. Current 5.76 cap rate based on actual data. Ideal for investors seeking appreciate and higher ROI. Prime location with strong rental demand. Located less than one block east of North Salem High School and close to Parrish Middle School. Do not disturb the residents
  • Cross Street: 14th
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 15
  • Laundry: Laundry Center
  • Price Per Sq Ft: 154.9
  • Price Per Sq Ft: 165.71

Exterior Features

  • Exterior Color: Taupe
  • Landscape: Irrigation System, Yes
  • Roof: Composition
  • Siding Style: T111

Utilities

  • High Speed Comm Access: Available
  • Water: City
  • Sewer: City

Schools

  • Elementary School: Englewood
  • Middle School: Parrish
  • High School: North Salem

Lot Info

  • Acres: 0.32
  • Estimated Lot Sq Ft: 13939
  • Price Per Acre: 3593750
  • Property Use Type: Investment
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2022
  • Tax Account Number: 526800
  • Tax Amount: 7883

Multi Family

  • Number Of Units: 8

MLS Schools

  • HighSchool: North Salem
  • Middle School: Parrish
  • Elementary School: Englewood

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
07/15/2024 07/15/24 Off Market $1,150,000 -- --
07/12/2024 07/12/24 Sold $1,075,000 -6.5% $155 / Sq Ft
05/28/2024 05/28/24 Price Changed $1,150,000 -8.0% $166 / Sq Ft
04/15/2024 04/15/24 For Sale $1,250,000 0.0% $180 / Sq Ft
04/14/2024 04/14/24 Off Market $1,250,000 -- --
04/04/2024 04/04/24 Price Changed $1,250,000 -3.8% $180 / Sq Ft
01/24/2024 01/24/24 For Sale $1,300,000 +20.9% $187 / Sq Ft
12/31/2023 12/31/23 Off Market $1,075,000 -- --
09/08/2023 09/08/23 For Sale $1,300,000 -- $187 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Patrick Mulhern Team

    Seller's Agent in 2024

    Patrick Mulhern Team

    SMI REAL ESTATE

    (503) 871-6254

    3 in this area

    25 Total Sales

    Patrick Mulhern Team
    Section Image
  • Pam Rushing

    Buyer's Agent in 2024

    Pam Rushing

    COLDWELL BNKR/COMMERCIAL DIV

    (971) 388-5154

    2 in this area

    45 Total Sales

    Pam Rushing
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 809323

Willamette Valley MLS
Oregon Marion County Salem 97301 Northeast Neighbors

1416 D (-1456) St NE, Salem, OR

This home is located at 1416 D (-1456) St NE, Salem, OR 97301 since 08 September 2023. This property was built in 1970. 1416 D (-1456) St NE 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.

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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