NOT LISTED FOR SALE

2855 Front St NE Salem, OR 97301

20 Beds
20 Baths
11,212 Sq Ft
0.4 Acres

Last Sold January 28, 2015

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

43 Days on Market

Highlights

  • 0.4 Acre Lot
  • Forced Air Heating System
  • 4-minute walk to River Road Park

About This Home

As of January 2015

This home is located at 2855 Front St NE, Salem, OR 97301 since 02 October 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.

Last Agent to Sell the Property

Joseph Chaplik

JOSEPH BERNARD, LLC License #200411049 Listed on: 10/02/2014

Last Buyer's Agent

Joseph Chaplik

JOSEPH BERNARD, LLC License #200411049 Listed on: 10/02/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,344

Year Built

  • Built in 1974

Lot Details

  • 0.4

Home Design

  • Slab Foundation

Interior Spaces

  • 11,212 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 20 Bathrooms

Additional Features

  • 0.4 Acre Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 7900

Community Details

Overview

  • 20 Units
  • Stone Manor Apartments Community

Building Details

  • Insurance Expense $3,061
  • Maintenance Expense $8,000
  • Operating Expense $52,541
  • Net Operating Income $65,853

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,344

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Syndicated Remarks: RE-PRICED TO MOVE! 20 units in a well located Salem location, the Stone Manor is now priced at $870,000 for 20 units resulting in an estimated cap rate of 7.57% (based on actual scheduled income) and $43,500 per 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 one bedrooms, with two of the units renting at $555 and three at $545.
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Total Bathrooms: 20
  • Total Bedrooms: 20
  • Price Per Sq Ft: 71.35
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 77.6

Exterior Features

  • Foundation: Slab

Utilities

  • Heating: Forced Air
  • Water: City
  • Insurance: 3061
  • Sewer: City

Condo/Co-op/Association

  • Maintenance: 8000
  • Mgmt Acct: 7956

Schools

  • Elementary School: Highland
  • Middle School: Parrish
  • High School: North Salem

Lot Info

  • Acres: 0.4
  • Estimated Lot Sq Ft: 17424
  • Lot: 7900
  • Price Per Acre: 2175000
  • Zoning: RM2
  • Property Name: Stone Manor Apartments
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 52541

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R26604
  • Tax Account Number: R26604
  • Tax Amount: 10344

Multi Family

  • Additional Land Available: 116394
  • Net Income: 65853
  • Gross Sched Income: 122520
  • Number Of Units: 20

Range of Values:

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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
01/28/2015 01/28/15 Sold $800,000 -14.9% $71 / Sq Ft
11/14/2014 11/14/14 Pending -- -- --
10/02/2014 10/02/14 For Sale $940,000 -- $84 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Joseph Chaplik

    JOSEPH BERNARD, LLC

See All Agents

Map

Source: Willamette Valley MLS

MLS Number: 682668

Willamette Valley MLS

Oregon Marion County Salem 97301

2855 Front St NE, Salem, OR

This home is located at 2855 Front St NE, Salem, OR 97301 since 02 October 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.

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.

Willamette Valley MLS 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

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