NOT LISTED FOR SALE

365 16th St SE Salem, OR 97301

Southeast Salem Neighborhood
6 Beds
6 Baths
4,092 Sq Ft
8,276 Sq Ft Lot

Last Sold February 02, 2012

Last sale price $204,000 $50 Per Sq Ft

22 Days on Market

Highlights

  • Attached Garage
  • Laundry Facilities
  • Wood Siding
  • Baseboard Heating

About This Home

As of February 2012

6 units situated on a tree-lined street only 3 blocks from Willamette University in the central area of Salem. Building has been well maintained, has ample storage in the basement, and has many long-term tenants. Great opportunity to acquire a well-run property for $35,000/unit and receive at least 12% cash on cash return.

Last Agent to Sell the Property

Evan Abramowitz

Evan Abramowitz PBLN License #200911096 Listed on: 10/06/2011

Last Buyer's Agent

Evan Abramowitz

Evan Abramowitz PBLN License #200911096 Listed on: 10/06/2011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,614

Year Built

  • Built in 1901

Lot Details

  • 8,276

Parking

  • Attached Garage

Home Design

  • Wood Siding

Interior Spaces

  • 4,092 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes electricity, heat, trashcollection, water
  • Assessor Parcel Number 568372

Community Details

Building Details

  • Operating Expense $16,916
  • Gross Income $33,859
  • Net Operating Income $16,943

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,614

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1901
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement
  • Storage: Basement
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • View: No

Garage/Parking

  • Parking Description: Attached
  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Laundry

Lot Info

  • Zoning: RM
  • Parcel #: 568372

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Heat, TrashCollection, Water

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 6.2
  • Annual Gross Income: 33859.0
  • Property Net Operating Income: 16943.0
  • Annual Operating Expense: 16916.0

Tax Info

  • Tax Annual Amount: 2614.39

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
02/02/2012 02/02/12 Sold $204,000 -2.9% $50 / Sq Ft
10/28/2011 10/28/11 Pending -- -- --
10/06/2011 10/06/11 For Sale $210,000 -- $51 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2012

    Evan Abramowitz

    Evan Abramowitz PBLN

See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 11436870

Regional Multiple Listing Service (RMLS)

APN: 073W26CA03700

Oregon Marion County Salem 97301 Southeast Salem

365 16th St SE, Salem, OR

This home is located at 365 16th St SE, Salem, OR 97301 since 06 October 2011. This property was built in 1901. 365 16th St SE 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.

Regional Multiple Listing Service (RMLS) 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.

Nearby Homes