NOT LISTED FOR SALE

3660 State (-3666) St Salem, OR 97301

Northeast Salem Neighborhood
10 Beds
4 Baths
3,988 Sq Ft
0.32 Acres

Last Sold June 11, 2024

Last sale price $725,000 $182 Per Sq Ft

105 Days on Market

About This Home

As of June 2024

Rare Fourplex Investment Opportunity in Salem! This villa-style multifamily complex features two 2/1 units and two 3/1 units for a total of 10 beds across all 4 units. Complex is currently fully-rented at market rate with 7.71% CAP on actuals, and 8.61% pro-forma based on 10% increase in global rents. Separate 4-car garage offers covered parking/storage. Tucked in between Lancaster and I5 for easy commuting.

Last Agent to Sell the Property

Alex McCarthy

JOHN L. SCOTT-SALEM License #201245596 Listed on: 02/20/2024

JOHN L. SCOTT-SALEM

Last Buyer's Agent

Trevor Howard

SMI REAL ESTATE License #201236236

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,415

Year Built

  • Built in 1977

Lot Details

  • 0.32 Acre Lot

Home Design

  • 3,988 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Schools

  • Four Corners Elementary School
  • Houck Middle School
  • South Salem High School

Community Details

Overview

  • 4 Units

Building Details

  • Trash Expense $995
  • Water Sewer Expense $2,284

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,415

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: 4-Plex
  • Syndicated Remarks: Rare Fourplex Investment Opportunity in Salem! This villa-style multifamily complex features two 2/1 units and two 3/1 units for a total of 10 beds across all 4 units. Complex is currently fully-rented at market rate with 7.71% CAP on actuals, and 8.61% pro-forma based on 10% increase in global rents. Separate 4-car garage offers covered parking/storage. Tucked in between Lancaster and I5 for easy commuting.
  • Cross Street: 37th Avenue
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 4
  • Total Bedrooms: 10
  • Price Per Sq Ft: 181.8
  • Price Per Sq Ft: 181.8

Exterior Features

  • Exterior Color: Green

Utilities

  • Garbage: 995
  • Water/Sewer: 2284

Schools

  • Elementary School: Four Corners
  • Middle School: Houck
  • High School: South Salem

Lot Info

  • Acres: 0.32
  • Estimated Lot Sq Ft: 13939
  • Price Per Acre: 2265625
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2023
  • Tax Account Number: 524119
  • Tax Amount: 6415

Multi Family

  • Number Of Units: 4

MLS Schools

  • HighSchool: South Salem
  • Middle School: Houck
  • Elementary School: Four Corners

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 List to Sale Price per Sq Ft
06/11/2024 06/11/24 Sold $725,000 0.0% $182 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
04/24/2024 04/24/24 Price Changed $725,000 -14.7% $182 / Sq Ft
02/20/2024 02/20/24 For Sale $850,000 -- $213 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Alex McCarthy

    Seller's Agent in 2024

    Alex McCarthy

    JOHN L. SCOTT-SALEM

    (541) 514-1779

    3 in this area

    89 Total Sales

    Alex McCarthy
    Section Image
  • Trevor Howard

    Buyer's Agent in 2024

    Trevor Howard

    SMI REAL ESTATE

    (503) 798-0952

    1 in this area

    39 Total Sales

    Trevor Howard
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 813345

Willamette Valley MLS
Oregon Marion County Salem 97301 Northeast Salem

3660 State (-3666) St, Salem, OR

This home is located at 3660 State (-3666) St, Salem, OR 97301 since 20 February 2024. This property was built in 1977. 3660 State (-3666) St is a home located in Marion County with nearby schools including Four Corners Elementary School, Houck 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.

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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