Affordable investment opportunity with water frontage! Well-kept duplex with two-story, 2 bedroom/ 1 bathroom units on each side. Close to downtown and services. Solid rental history with extremely low vacancy. Units are in high demand. Each unit has a fenced yard. Carport for each unit. Unit 2231 has updated engineered hardwood flooring and new vinyl in the bathroom. Refrigerators in both & W/D in unit 2231 are included.
Syndicated Remarks: Affordable investment opportunity with water frontage! Well-kept duplex with two-story, 2 bedroom/ 1 bathroom units on each side. Close to downtown and services. Solid rental history with extremely low vacancy. Units are in high demand. Each unit has a fenced yard. Carport for each unit. Unit 2231 has updated engineered hardwood flooring and new vinyl in the bathroom. Refrigerators in both & W/D in unit 2231 are included.
Cross Street: 22nd St SE
Year Built: 1975
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Dishwasher: Yes
Disposal: Yes
Exclusions: W/D in unit 2235, tenant pty
Negotiable Inclusions: Frig in each unit, W/D in 2231
Flooring: Carpet, Laminate, Tile, Vinyl, Wood
Total Bathrooms: 2
Dining Room: Area (Combination)
Laundry: W/D Hookup, W/D Included
Price Per Sq Ft: 200.42
Source Of Sq Ft: County
Price Per Sq Ft: 192.51
Exterior Features
Patio: Patio
Fenced Yard: Yes
Foundation: Continuous
Landscape: Yes
Roof: Composition
Siding Style: T111
View: Water Frontage
Utilities
Heating: Electric, Window Unit (AC), Baseboard
High Speed Comm Access: Available
Water: City
Water Heater: Electric
Sewer: City
Lot Info
Acres: 0.26
Estimated Lot Sq Ft: 11326
Flood Plain: Yes
Lot: 2
Price Per Acre: 1403846.15
Zoning: RD
Geo Subdivision: OR
Tax Info
Tax Database Id: 3
Assessor Parcel Number: R67303
Tax Account Number: R67303
Tax Amount: 2840
Multi Family
Gross Sched Income: 22740
Unit Types: Town Home
Number Of Units: 2
Ownership History
DateNameOwned ForOwner Type
Dec 2021 - PresentMerrill Dawn Marie3 Years and 8 Months
Private Individual
Purchase Details
Listed on
Oct 19, 2021
Closed on
Dec 15, 2021
Sold by
Stebbins Emily S and Crocker Emily S
Bought by
Merrill Dawn Marie
Seller's Agent
Nicole Shuba
MANOR REALTY
Buyer's Agent
Peter Fricke
iHOMES
List Price
$365,000
Sold Price
$380,000
Premium/Discount to List
$15,000
4.11%
Current Estimated Value
$411,771
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,771
Avg. Annual Appreciation
2.19%
Original Mortgage
$304,000
Outstanding Balance
$282,387
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$128,724
Sep 2017 - Dec 2021Crocker Emily S4 Years and 3 Months
Private Individual
Purchase Details
Listed on
Jul 15, 2017
Closed on
Sep 30, 2017
Sold by
Houston Jesse J and Houston Shari L
Bought by
Crocker Emily S
Seller's Agent
Erin Shaw
HOMESTAR BROKERS
Buyer's Agent
Nicole Shuba
MANOR REALTY
List Price
$199,900
Sold Price
$195,000
Premium/Discount to List
-$4,900
-2.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.22%
Original Mortgage
$191,468
Interest Rate
3.82%
Mortgage Type
FHA
Dec 2015 - Sep 2017Houston Jesse J and Houston Shari L1 Year and 9 Months
Private Individual
Purchase Details
Closed on
Dec 4, 2015
Sold by
Gillar Alena
Bought by
Houston Jesse J and Houston Shari L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
3.73%
Mortgage Type
New Conventional
Jun 2014 - Dec 2015Gillar Alena and Alena Gillar Trust1 Year and 6 Months
Private Individual
Purchase Details
Closed on
Jun 16, 2014
Sold by
Gillar Alena
Bought by
Gillar Alena and Alena Gillar Trust
Dec 2004 - Jun 2014Gillar Alena9 Years and 6 Months
Private Individual
Purchase Details
Closed on
Dec 23, 2004
Sold by
Carter Daniel
Bought by
Gillar Alena
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,160
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Feb 2001 - Dec 2004Dz Investment Group3 Years and 10 Months
Estate Sale – Duplex in Convenient Salem Location. Incredible opportunity to own a well-priced duplex offering two 2BD/1BA units, each featuring: functional floor plans, tub-shower combos, in-unit washer/dryer hookups and single-car garages. The duplex is well priced at under $180,000 per unit; great opportunity for value-add investors looking to build equity through updates and rent increases.
Brian SmithCOLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
Estate Sale – Duplex in Convenient Salem Location. Incredible opportunity to own a well-priced duplex offering two 2BD/1BA units, each featuring: functional floor plans, tub-shower combos, in-unit washer/dryer hookups and single-car garages. The duplex is well priced at under $180,000 per unit; great opportunity for value-add investors looking to build equity through updates and rent increases.
Brian SmithCOLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
Unique rental housing opportunity. 5 room boarding home located 1 mile from the Willamette University campus. Off street parking will accommodate all tenants. CR Zoning provides flexibility for future uses (Previously used for Title Office). Please do not disturb the tenants.
665 Norway is a 1936 Cottage with 2 bdrms 1 bath. Fully applianced kitchen; wood floors, FA Gas; newer roof and freshly painted exterior. Fenced yard. Recently rented for $1450 per month. 655 is a converted single garage to a 1 bdrm 1 bath unit - Recently rented for $950 per month.Close to transportation; Grant Elementary School. Refer to RES listing WVMLS# 821056
Charming and updated in 2021, this duplex features two 1-bedroom, 1-bathroom units, each with updated finishes, and efficient layouts. Ideal for investors or owner-occupant, the property offers separate utilities, off-street parking and divided outdoor space. With the potential to add an ADU, conveniently located. Buyers to do their own due diligence.
Excellent investment opportunity or perfect for owner-occupancy! Each unit features a smart layout with no shared interior walls, offering added privacy. Attached garages and ample parking, private fenced yards with patios, and laundry located off the kitchen. Prime location near schools, shopping, and easy freeway access. Don't miss this versatile property!
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Average Value
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List Price
Sold Price
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Tax AssessmentTax Assessment
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This home is located at 2231 Townsend Way SE Unit 2235, Salem, OR 97301 and is currently priced at $380,000, approximately $200 per square foot. This property was built in 1975. 2231 Townsend Way SE Unit 2235 is a home located in Marion County with nearby schools including Richmond 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.
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
