241 NW 25th St Salem, OR 97301
Northeast Neighbors NeighborhoodEstimated payment $5,758/month
Highlights
- No HOA
- Lap Siding
- 1-Story Property
- Laundry Facilities
- Heating System Mounted To A Wall or Window
About This Home
Worth another look! Updated price reflects brand new exterior paint, fencing & repairs-this is a true turnkey 4-unit investment. One 4-bed unit is vacant, ideal for owner-occupant or renting at market rate. Purpose-built with 14 beds, 8 baths total, newer roof, fiber cement siding, on-site laundry & ample parking. Low-maint, low-expense property in a convenient location with great cash flow & market upside. Rare unit mix: (3) 4-bed + (1) 2-bed. Separate electrical meters. More info available-call today!
Listing Agent
Keller Williams Realty Mid-Willamette License #850300205 Listed on: 03/21/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,348
Year Built
- Built in 1996
Lot Details
- 9,147 Sq Ft Lot
Home Design
- Composition Roof
- Lap Siding
- Cement Siding
Interior Spaces
- 4,292 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 14 Bedrooms
- 8 Bathrooms
Parking
- 12 Parking Spaces
- Paved Parking
- Off-Street Parking
Schools
- South Salem High School
Utilities
- No Cooling
- Heating System Mounted To A Wall or Window
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 571801
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- Operating Expense $23,524
- Gross Income $76,524
- Net Operating Income $53,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,348 | $425,170 | -- | -- |
| 2023 | $8,102 | $412,790 | $0 | $0 |
| 2022 | $7,639 | $400,770 | $0 | $0 |
| 2021 | $7,421 | $389,100 | $0 | $0 |
| 2020 | $7,204 | $377,770 | $0 | $0 |
| 2019 | $6,951 | $366,770 | $0 | $0 |
| 2018 | $7,074 | $0 | $0 | $0 |
| 2017 | $6,384 | $0 | $0 | $0 |
| 2016 | $5,624 | $0 | $0 | $0 |
| 2015 | $5,849 | $0 | $0 | $0 |
| 2014 | $5,394 | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | Price Changed | $950,000 | +2.7% | $221 / Sq Ft |
| 03/31/2025 03/31/25 | For Sale | $925,000 | 0.0% | $216 / Sq Ft |
| 03/24/2025 03/24/25 | Pending | -- | -- | -- |
| 03/21/2025 03/21/25 | For Sale | $925,000 | -- | $216 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $295,000 | Fidelity Natl Title Co Of Or | |
| Bargain Sale Deed | -- | Fidelity Natl Title Co Of Or | |
| Bargain Sale Deed | $230,000 | Fatco | |
| Warranty Deed | -- | First American | |
| Trustee Deed | $330,321 | Fatco |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $238,000 | Commercial | |
| Previous Owner | $305,150 | Fannie Mae Freddie Mac | |
| Previous Owner | $260,000 | Unknown |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 254623360
APN: 571801
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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