NOT LISTED FOR SALE

1961 Center St NE Salem, OR 97301

Northeast Neighbors Neighborhood
16 Beds
8 Baths
7,400 Sq Ft
0.29 Acres

Last Sold August 31, 2023

Last sale price $960,000 $130 Per Sq Ft

7 Days on Market

Highlights

  • 0.29 Acre Lot
  • Wood Flooring
  • High Speed Internet
  • Territorial View
  • Laundry Facilities
  • Dining Area

About This Home

As of August 2023

Looking to expand your portfolio? This is the property for you! 8 plex with larger 2 bed 1 bath units in a prime central location. All units are below market rent and financials reflect July 1 increases. 1 unit will be vacant upon sale. No showings until offer is accepted. Do not disturb tenants.Rents effective July 1:101=$925, 102=$850, 103=$900, 104=$950201=vac, 202=$925, 203=$900, 204=975

Last Agent to Sell the Property

Casey Oliver

SMI REAL ESTATE License #201223998 Listed on: 05/26/2023

SMI REAL ESTATE

Last Buyer's Agent

Casey Oliver

SMI REAL ESTATE License #201223998 Listed on: 05/26/2023

SMI REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,521

Year Built

  • Built in 1956

Lot Details

  • 0.29 Acre Lot

Home Design

  • Tile Roof
  • Wood Siding

Interior Spaces

  • 7,400 Sq Ft Home
  • Dining Area
  • Territorial Views
  • Partial Basement

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Utilities

  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Exclusions: All Tenant owned property

Community Details

Building Details

  • Fuel Expense $6,000
  • Insurance Expense $2,000
  • Trash Expense $960
  • Water Sewer Expense $5,400
  • Operating Expense $22,882
  • Net Operating Income $67,418

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,521

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Home Warranty: Negotiable
  • Range Facility: Electric
  • Syndicated Remarks: Looking to expand your portfolio? This is the property for you! 8 plex with larger 2 bed 1 bath units in a prime central location. All units are below market rent and financials reflect July 1 increases. 1 unit will be vacant upon sale. No showings until offer is accepted. Do not disturb tenants.Rents effective July 1:101=$925, 102=$850, 103=$900, 104=$950201=vac, 202=$925, 203=$900, 204=975
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Exclusions: All Tenant owned property
  • Negotiable Inclusions: All window coverings and appliances owned by Selle
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Wood
  • Total Bathrooms: 8
  • Total Bedrooms: 16
  • Basement: Partial
  • Dining Room: Area (Combination)
  • Laundry: Laundry Center
  • Price Per Sq Ft: 129.73
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 162.16

Exterior Features

  • Exterior Color: Brown
  • Roof: Tile
  • Siding: Wood
  • View: Territorial

Utilities

  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Gas
  • Garbage: 960
  • Gas: 6000
  • Insurance: 2000
  • Sewer: City
  • Water/Sewer: 5400

Lot Info

  • Acres: 0.29
  • Estimated Lot Sq Ft: 12632
  • Price Per Acre: 4137931.03
  • Property Use Type: Investment
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 22882

Tax Info

  • Tax Years: 2022
  • Tax Account Number: 527504
  • Tax Amount: 8521

Multi Family

  • Additional Land Available: 90300
  • Net Income: 67418
  • Gross Sched Income: 77100
  • 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
08/31/2023 08/31/23 Sold $960,000 -20.0% $130 / Sq Ft
06/02/2023 06/02/23 Pending -- -- --
05/26/2023 05/26/23 Price Changed $1,200,000 -90.0% $162 / Sq Ft
05/26/2023 05/26/23 For Sale $12,000,000 -- $1,622 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Casey Oliver

    Seller's Agent in 2023

    Casey Oliver

    SMI REAL ESTATE

    (503) 851-1441

    3 in this area

    22 Total Sales

    Casey Oliver
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Map

Source: Willamette Valley MLS

MLS Number: 805473

Willamette Valley MLS

APN: 073W26AA04600

Oregon Marion County Salem 97301 Northeast Neighbors

1961 Center St NE, Salem, OR

This home is located at 1961 Center St NE, Salem, OR 97301 since 26 May 2023. This property was built in 1956. 1961 Center 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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