NOT LISTED FOR SALE

2855 Front St NE Salem, OR 97301

4 Beds
4 Baths
11,212 Sq Ft
1974 Built

Last Sold January 29, 2015

Last sale price $800,000 $71 Per Sq Ft

296 Days on Market

About This Home

As of January 2015

RE-PRICED TO MOVE! 20 units in a well located Salem location, Stone Manor is now priced at $870,000, resulting in an est. cap rate of 7.57% (based on actual scheduled income) and $43,500/unit. The "priced to move" property has clean interiors which are nicely maintained and the property is located less than a quarter of a mile from Fred Meyer. The rents average $510 for 1 bedrooms, with 2 of the units renting at $555 and 3 at $545.

Last Agent to Sell the Property

Bernard Gehret

Joseph Bernard LLC License #200009029 Listed on: 01/22/2014

Joseph Bernard LLC

Last Buyer's Agent

Bernard Gehret

Joseph Bernard LLC License #200009029 Listed on: 01/22/2014

Joseph Bernard LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Parking

  • Assigned Parking

Utilities

  • Electric Water Heater

Community Details

  • 20 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 11212
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Slab
  • Legal Description: ACRES 0.40

Garage/Parking

  • Parking Description: Assigned

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air
  • Utilities Included: Trash Collection, Water

Lot Info

  • Zoning: RM2

Tax Info

  • Tax Amount: 10664.90
  • Assessor Parcel Number: R26604

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 20
  • Gross Rent Multiplier: 7.47

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
01/29/2015 01/29/15 Sold $800,000 -19.2% $71 / Sq Ft
11/14/2014 11/14/14 Pending -- -- --
01/22/2014 01/22/14 For Sale $990,000 -- $88 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bernard Gehret

    Seller's Agent in 2015

    Bernard Gehret

    Joseph Bernard LLC

    (503) 546-9390

    1 in this area

    12 Total Sales

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 13067205

Regional Multiple Listing Service (RMLS)

Oregon Marion County Salem 97301

2855 Front St NE, Salem, OR

This home is located at 2855 Front St NE, Salem, OR 97301 since 22 January 2014. This property was built in 1974. 2855 Front St NE is a home located in Marion County with nearby schools including Highland Elementary School, Parrish Middle School, and North Salem High School.

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