NOT LISTED FOR SALE

250 16th St SE Unit 274 Salem, OR 97301

Southeast Salem Neighborhood
7 Beds
6 Baths
1,020 Sq Ft
9,583 Sq Ft Lot

Last Sold March 31, 2023

Last sale price $950,000 $931 Per Sq Ft

20 Days on Market

About This Home

As of March 2023

Great investment opportunity, multifamily or generational living potential located near Willamette University, the Capitol and Salem Hospital. On the well maintained property you'll find a main house with 4 bed and 3 bath and 3 additional units that are all 1 bed and 1 bath. Kitchens feature stainless steal appliances and granite countertops. Onsite parking is provided for the tenants.

Last Agent to Sell the Property

Freddie Figueroa

Cascade Heritage Real Estate Group License #201210858 Listed on: 02/12/2023

Cascade Heritage Real Estate Group

Last Buyer's Agent

JOSE GONZALEZ

Tu Casa Corporation License #970400177

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,818

Year Built

  • Built in 1976 | Remodeled

Lot Details

  • 9,583

Parking

  • Open Parking

Interior Spaces

  • 2-Story Property

Schools

  • Bush Elementary School
  • Leslie Middle School
  • South Salem High School

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number R68314

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $4,700
  • Gross Income $72,000
  • Net Operating Income $6,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,818

Year Built

Built in 1976 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1976
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Disclosures: Disclosure

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Cooling Y N: No
  • Heating: WallFurnace
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Bush
  • High School: South Salem
  • Middle Or Junior School: Leslie

Lot Info

  • Zoning: RM-2
  • Parcel #: R68314

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2020
  • Tax Annual Amount: 5817.75

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 13.54
  • Annual Gross Income: 72000.0
  • Property Net Operating Income: 6300.0
  • Annual Operating Expense: 4700.0

Range of Values:

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Average Value
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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
03/31/2023 03/31/23 Sold $950,000 -2.6% $931 / Sq Ft
03/05/2023 03/05/23 Pending -- -- --
02/24/2023 02/24/23 Price Changed $975,000 -2.0% $956 / Sq Ft
02/12/2023 02/12/23 For Sale $995,000 -- $975 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Freddie Figueroa

    Seller's Agent in 2023

    Freddie Figueroa

    Cascade Heritage Real Estate Group

    (503) 330-7381

    2 in this area

    229 Total Sales

    Freddie Figueroa
    Section Image
  • JOSE GONZALEZ

    Buyer's Agent in 2023

    JOSE GONZALEZ

    Tu Casa Corporation

    (503) 851-6582

    7 in this area

    154 Total Sales

    JOSE GONZALEZ
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23091426

Regional Multiple Listing Service (RMLS)

APN: 073W26BD14800

Oregon Marion County Salem 97301 Southeast Salem

250 16th St SE Unit 274, Salem, OR

This home is located at 250 16th St SE Unit 274, Salem, OR 97301 since 12 February 2023. This property was built in 1976. 250 16th St SE Unit 274 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.

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