NOT LISTED FOR SALE

2210 State St Salem, OR 97301

Southeast Salem Neighborhood
10 Beds
10 Baths
4,150 Sq Ft
0.26 Acres

Last Sold August 10, 2021

Last sale price $880,000 $212 Per Sq Ft

6 Days on Market

Highlights

  • Waterfront
  • Washer and Dryer
  • 4-minute walk to Mill Race Park
  • Views
  • Level Lot

About This Home

As of August 2021

Rare and exceptional investment property opportunity in prime location near downtown! This 5-unit multifamily property is 100% turn-key & needs nothing! New roof, water heaters in all units, and fence along back all done in 2021. All units come with full kitchen appliance packages AND washer & dryer. Parking for 8 cars including 1 handicap space. Mostly long term tenants in place ranging from 1+ year to 20+ years occupancy. Offers significant rental income upside as it is well below market rent.

Last Agent to Sell the Property

Evan Nelson

eXp Realty, LLC License #201206804 Listed on: 07/16/2021

Last Buyer's Agent

Laura Gillott

Keller Williams Realty Mid-Willamette License #920300248

Keller Williams Realty Mid-Willamette

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2000 | Remodeled

Lot Details

  • Waterfront
  • Level Lot

Parking

  • Paved Parking

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Dishwasher
  • Washer and Dryer
  • Property Views

Additional Features

  • Flood Zone Lot
  • Electric Water Heater

Community Details

  • 5 Units

Listing and Financial Details

  • Rent includes electricity, trash collection, sewer, water, ground maintenance

Property Details

Home Type

Multi-Family

Year Built

Built in 2000 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 4150
  • Stories: 2
  • Year Built: 2000
  • Property Condition: Updated/Remodeled
  • Remarks Public: Rare and exceptional investment property opportunity in prime location near downtown! This 5-unit multifamily property is 100% turn-key & needs nothing! New roof, water heaters in all units, and fence along back all done in 2021. All units come with full kitchen appliance packages AND washer & dryer. Parking for 8 cars including 1 handicap space. Mostly long term tenants in place ranging from 1+ year to 20+ years occupancy. Offers significant rental income upside as it is well below market rent.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: ACRES 0.26
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • View: Creek/Stream
  • Waterfront Description: Creek
  • Waterfront: Yes
  • Water Name: Mill Creek
  • Foundation Details: Concrete Perimeter
  • View: Yes
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Cooling Description: Heat Pump
  • Heating Description: Mini Split

Condo/Co-op/Association

  • Unit Features: Dishwasher, Refrigerator, Washer/Dryer, Air Conditioning

Schools

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

Lot Info

  • Lot Description: Level, Flood Zone
  • Zoning: RM2

Rental Info

  • Rent Includes: Electricity, Trash Collection, Sewer, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 7937.79
  • Assessor Parcel Number: R27611
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2, 3, 4, 5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 14.44

MLS Schools

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

Range of Values:

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List Price
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
08/10/2021 08/10/21 Sold $880,000 +0.6% $212 / Sq Ft
07/22/2021 07/22/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $875,000 +47.1% $211 / Sq Ft
01/29/2021 01/29/21 Sold $595,000 -8.5% $119,000 / Sq Ft
12/04/2020 12/04/20 Pending -- -- --
07/18/2020 07/18/20 For Sale $650,000 -- $130,000 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Evan Nelson

    Seller's Agent in 2021

    Evan Nelson

    eXp Realty, LLC

    (310) 422-6044

    2 in this area

    59 Total Sales

    Evan Nelson
    Section Image

  • L

    Seller's Agent in 2021

    Liz Puffenbarger

    Keller Williams Realty Southern Oregon

    (541) 281-5008

    1 in this area

    68 Total Sales

    Liz Puffenbarger
    Section Image
  • Laura Gillott

    Buyer's Agent in 2021

    Laura Gillott

    Keller Williams Realty Mid-Willamette

    (541) 451-2211

    3 in this area

    1,827 Total Sales

    Laura Gillott
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21429069

Regional Multiple Listing Service (RMLS)

APN: 073W26DB00100

Oregon Marion County Salem 97301 Southeast Salem

2210 State St, Salem, OR

This home is located at 2210 State St, Salem, OR 97301 since 16 July 2021. This property was built in 2000. 2210 State St is a home located in Marion County with nearby schools including Richmond Elementary School, Leslie Middle School, and South Salem High School.

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