NOT LISTED FOR SALE

1847 13th St SE Salem, OR 97302

Southeast Salem Neighborhood
8 Beds
8 Baths
4,080 Sq Ft
0.32 Acres

Last Sold March 07, 2017

Last sale price $415,000 $102 Per Sq Ft

76 Days on Market

Highlights

  • 0.32 Acre Lot
  • Lap Siding
  • Heating Available
  • Partially Fenced Property
  • Carpet

About This Home

As of March 2017

Easy to maintain 8 plex. Hard to find High Cash Flow! Cap rate is currently 6.89%, cap rate will be 9.5% February 1st 2017. Great investment property, easy to rent!

Last Agent to Sell the Property

Brenda Alfono

VALLEY REAL ESTATE SERVICES, LLC. License #200407196 Listed on: 10/21/2016

Last Buyer's Agent

Amy Steele

HOMESTAR BROKERS License #200502294

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,561

Year Built

  • Built in 2007

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 100x140
  • Partially Fenced Property

Home Design

  • 4,080 Sq Ft Home
  • Composition Roof
  • Lap Siding
  • T111 Siding

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Washer and Dryer Hookup

Utilities

  • Heating Available
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 8,9 / 32

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $2,094
  • Fuel Expense $1,292
  • Insurance Expense $2,000
  • Trash Expense $1,003
  • Water Sewer Expense $2,950
  • Net Operating Income $28,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,561

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Range Facility: Electric, Gas
  • Syndicated Remarks: Easy to maintain 8 plex. Hard to find High Cash Flow! Cap rate is currently 6.89%, cap rate will be 9.5% February 1st 2017. Great investment property, easy to rent!
  • Cross Street: Hoyt
  • Miscellaneous: 2000
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 8
  • Total Bedrooms: 8
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 101.72
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 101.72

Exterior Features

  • Exterior Color: Tan
  • Fenced Yard: Partial
  • Foundation: Continuous
  • Roof: Composition
  • Siding Style: Lap, T111

Utilities

  • Heating: Electric
  • Water: City
  • Water Heater: Electric, Gas
  • Electric: 2094
  • Garbage: 1003
  • Gas: 1292
  • Insurance: 2000
  • Sewer: City
  • Water/Sewer: 2950

Schools

  • Elementary School: McKinley
  • Middle School: Leslie
  • High School: South Salem

Lot Info

  • Acres: 0.32
  • Estimated Lot Dimensions: 100x140
  • Estimated Lot Sq Ft: 14000
  • Flood Plain: Unknown
  • Lot: 8,9
  • Price Per Acre: 1296875
  • Zoning: IC
  • Geo Subdivision: OR

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R85561
  • Tax Account Number: R85561
  • Tax Amount: 5561

Multi Family

  • Net Income: 28520
  • Gross Sched Income: 46620
  • Unit Types: Flat
  • Number Of Units: 8

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
03/07/2017 03/07/17 Sold $415,000 -4.6% $102 / Sq Ft
01/05/2017 01/05/17 Pending -- -- --
10/21/2016 10/21/16 For Sale $435,000 -- $107 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Brenda Alfono

    VALLEY REAL ESTATE SERVICES, LLC.

    (503) 910-4988

    3 in this area

    8 Total Sales

    Brenda Alfono
    Section Image
  • Amy Steele

    Buyer's Agent in 2017

    Amy Steele

    HOMESTAR BROKERS

    (503) 428-6655

    1 in this area

    112 Total Sales

    Amy Steele
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 711416

Willamette Valley MLS
Oregon Marion County Salem 97302 Southeast Salem

1847 13th St SE, Salem, OR

This home is located at 1847 13th St SE, Salem, OR 97302 since 21 October 2016. This property was built in 2007. 1847 13th St SE is a home located in Marion County with nearby schools including Bush Elementary School, Leslie Middle School, and South 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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