$960,000
SOLD JUL 1, 2025

1710 Capitol St NE Salem, OR 97301

Grant Neighborhood
9 Beds
6 Baths
4,800 Sq Ft
3,484 Sq Ft Lot

Recently Sold

$200 Per Sq Ft

2% Below List Price

78 Days on Market

Highlights

  • Landscaped
  • Level Lot
  • Heating System Mounted To A Wall or Window
  • Laundry Facilities

About This Home

As of July 2025

Seller Financing: 10% down; 4% I/O for 7 years. Excellent solid investment 6-plex in the heart of Salem. Central location. 6 units all rented on month to month. No deferred maintenance. Newer electrical, plumbing, water lines, and appliances. Roof in excellent condition. Units have ceiling fans, hardwood floors. Some units recently remodeled. The property was awarded Most Improved Property of the year in the Salem area. With a cash offer, Seller will do a 1031 Exchange. Coin-op laundry provides extra income.Annual gross income $64,920. Annual Expenses $15,432 (23% of AG) 5.2 CAP. Access to property only with an accepted offer.

Last Agent to Sell the Property

Ellen Bick

CORE, Realtors License #980300145 Listed on: 03/06/2025

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,713

Year Built

  • Built in 1930 | Remodeled

Lot Details

  • 3,484 Sq Ft Lot
  • Landscaped
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Composition Roof
  • Stucco Exterior
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,800 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Security Lights

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Schools

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

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 584791

Community Details

Building Details

  • Operating Expense $15,432
  • Gross Income $64,920
  • Net Operating Income $49,488

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,713

Year Built

Built in 1930 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1930
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Current Price For Status: 960000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement
  • Total Bedrooms: 9
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: Stucco
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: SecurityLights
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping, Laundry

Schools

  • Elementary School: Grant
  • High School: North Salem
  • Middle Or Junior School: Parrish

Lot Info

  • Zoning: RM2
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3484.0
  • Parcel #: 584791

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5713.0
  • Tax Opportunity Zone: Yes

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 7
  • Gross Rent Multiplier: 14.79
  • Annual Gross Income: 64920.0
  • Property Net Operating Income: 49488.0
  • Annual Operating Expense: 15432.0

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
07/01/2025 07/01/25 Sold $960,000 0.0% $200 / Sq Ft
05/23/2025 05/23/25 Pending -- -- --
05/07/2025 05/07/25 Price Changed $960,000 -1.5% $200 / Sq Ft
04/22/2025 04/22/25 Price Changed $975,000 0.0% $203 / Sq Ft
04/22/2025 04/22/25 For Sale $975,000 -2.3% $203 / Sq Ft
04/09/2025 04/09/25 Pending -- -- --
03/21/2025 03/21/25 Price Changed $998,000 -9.3% $208 / Sq Ft
03/06/2025 03/06/25 For Sale $1,100,000 -- $229 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2025

    Ellen Bick

    CORE, Realtors

    (503) 481-0825

    1 in this area

    31 Total Sales

    Ellen Bick
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 695518904

Regional Multiple Listing Service (RMLS)

APN: 073W23BA06600

Oregon Marion County Salem 97301 Grant

1710 Capitol St NE, Salem, OR

Sold

MultiFamily

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