$94,500
$16K PRICE DROP

401 W Rolla Rd Salem, MO 65560

Estimated payment $548/month

Total Views 4,833
5 Beds
4 Baths
2,114 Sq Ft
$45 Price per Sq Ft

Highlights

  • Open Floorplan
  • No HOA
  • Bathtub
  • Corner Lot
  • Display Windows
  • Storage

About This Home

Calling all Investors -- the potential here is worth noting! Take advantage of this rare opportunity in Salem, Missouri complete with 4 units and a low vacancy rate. This is a great opportunity to grow your portfolio in a city that only continues to thrive and expand. Owner expenses include management, maintenance, water/sewer and lawn care. If you have a vision, the bones here are strong and ready for you to bring it to life! Schedule a private showing with Daniel today.

Listing Agent

Daniel Thompson

Century 21 City Connections Listed on: 03/12/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $531

Year Built

  • Built in 1973

Lot Details

  • 6,242 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Few Trees

Home Design

  • Fixer Upper
  • Slab Foundation
  • Aluminum Roof
  • Aluminum Siding

Interior Spaces

  • 2,114 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Display Windows
  • Panel Doors
  • Storage
  • Laminate Countertops

Flooring

  • Carpet
  • Concrete
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms
  • Easy To Use Faucet Levers
  • Bathtub
  • Shower Only

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Parking

  • Paved Parking
  • On-Street Parking

Accessible Home Design

  • Accessible Approach with Ramp
  • Accessible Ramps

Outdoor Features

  • Rain Gutters
  • Awning

Location

  • City Lot

Schools

  • Salem Upper Elem. Elementary School
  • Salem Jr. High Middle School
  • Salem Sr. High School

Utilities

  • Multiple cooling system units
  • Central Heating
  • Underground Utilities
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 08-6.0-13-4-04-001.000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 1 Leased Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$531

Year Built

Built in 1973

Lot Details

6,242 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Cross Street: N. Henderson Street
  • Year Built: 1973
  • Accessibility Features: Accessible Approach with Ramp
  • Directions: Traveling west on Highway 72, turn left onto South Henderson St and follow for 1 mile. The destination will be located on your left. GPS Friendly.
  • Property Sub-Type: 2-4 Units
  • ResoLotFeatures: City Lot, Corner Lot, Few Trees, Level
  • Lot Size Acres: 0.1433
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Phone: 573-885-2121
  • MLS Status: Active
  • Subdivision Name: None
  • Architectural Style: Apartment Style
  • Carport Y N: No
  • Unit Levels: One
  • New Construction: No
  • ResoPropertyCondition: Fixer
  • Reso Window Features: Display Window(s)
  • MIS_PoolYN: 0
  • MIS_UnitCount: 4
  • MIS_AuctionYN: 0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Custom Cabinetry, Laminate Counters, Lever Faucets, Open Floorplan, Shower, Storage, Tub
  • Appliances: Other, Electric Water Heater
  • Basement YN: No
  • Total Bedrooms: 5
  • Door Features: Panel Door(s), Storm Door(s)
  • Fireplace: No
  • Flooring: Carpet, Concrete, Luxury Vinyl

Exterior Features

  • Fencing: Partial
  • Roof: Aluminum
  • Waterfront: No
  • Disclosures: Lead Paint, Seller Property Disclosure
  • Construction Type: Aluminum Siding
  • Exterior Features: Awning(s), Entry Steps/Stairs, Rain Gutters, Ramp Entry
  • Foundation Details: Slab
  • Other Structures: None
  • Patio And Porch Features: Awning(s)

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Gravel, On Street

Utilities

  • Cooling: Multi Units
  • Heating: Electric
  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Salem Upper Elem.
  • Junior High Dist: Salem R-80
  • High School: Salem Sr. High
  • Middle Or Junior School: Salem Jr. High

Lot Info

  • Lot Size Sq Ft: 6242.15
  • Parcel Number: 08-6.0-13-4-04-001.000

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 531

Multi Family

  • Number Of Units Total: 4
  • Number Of Units Leased: 1

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $531 $9,670 $0 $0
2024 $531 $9,670 $0 $0
2023 $504 $9,670 $0 $0
2022 $504 $9,670 $0 $0
2021 $504 $9,670 $0 $0
2020 $504 $9,670 $0 $0
2019 $499 $9,670 $0 $0
2018 $490 $9,550 $0 $0
2017 $494 $9,550 $0 $0
2016 $493 $9,550 $0 $0
2015 -- $9,550 $0 $0
2014 -- $9,550 $0 $0
2013 -- $9,670 $0 $0
2011 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/15/2026 05/15/26 Price Changed $94,500 -14.1% $45 / Sq Ft
03/12/2026 03/12/26 For Sale $110,000 +76.0% $52 / Sq Ft
04/27/2017 04/27/17 Sold -- -- -- View Prior Sale
04/07/2017 04/07/17 Pending -- -- --
05/13/2016 05/13/16 For Sale $62,500 -- $30 / Sq Ft
Source: MARIS MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed -- --
Deed -- --
Source: Public Records

Source: MARIS MLS

MLS Number: MIS26014496

MARIS MLS

APN: 086013404001000

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