NOT LISTED FOR SALE

656 Center St NE Salem, OR 97301

Downtown Salem Neighborhood
13 Beds
6 Baths
5,000 Sq Ft
1915 Built

Last Sold December 30, 2016

Last sale price $630,000 $126 Per Sq Ft

30 Days on Market

About This Home

As of December 2016

Hard to find 13 unit apartment complex. This property sits in the heart of Salem and is very easy to rent. Units are full and rent list is attached in pictures. This property is 2 addresses (entrances) on 1 tax lot. street #656 has 7 units / #658 has 6 more units. Unfinished basement with about 2500 sqft of additional space. Shared laundry room located in basement. Owner estimates about $70,800 annual net profit. this is approx.

Last Agent to Sell the Property

Allen Manuel

BETTER HOMES & GARDENS R/E REALTY PARTNERS License #841000093 Listed on: 09/18/2016

BETTER HOMES & GARDENS R/E REALTY PARTNERS

Last Buyer's Agent

Shadya Jones

COLDWELL BNKR/COMMERCIAL DIV License #200712161

COLDWELL BNKR/COMMERCIAL DIV

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Interior Spaces

  • 5,000 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 6 Bathrooms

Community Details

Building Details

  • Operating Expense $1,400
  • Net Operating Income $70,800

Additional Features

  • 13 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Syndicated Remarks: Hard to find 13 unit apartment complex. This property sits in the heart of Salem and is very easy to rent. Units are full and rent list is attached in pictures. This property is 2 addresses (entrances) on 1 tax lot. street #656 has 7 units / #658 has 6 more units. Unfinished basement with about 2500 sqft of additional space. Shared laundry room located in basement. Owner estimates about $70,800 annual net profit. this is approx.
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 13
  • Basement: Full, Unfinished
  • Laundry: Laundry Center
  • Price Per Sq Ft: 126
  • Price Per Sq Ft: 130

Exterior Features

  • Exterior Color: Green

Lot Info

  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 1400

Multi Family

  • Additional Land Available: 87600
  • Net Income: 70800
  • Gross Sched Income: 87600
  • Number Of Units: 13

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
12/30/2016 12/30/16 Sold $630,000 -3.1% $126 / Sq Ft
10/18/2016 10/18/16 Pending -- -- --
09/18/2016 09/18/16 For Sale $650,000 -- $130 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Allen Manuel

    Seller's Agent in 2016

    Allen Manuel

    BETTER HOMES & GARDENS R/E REALTY PARTNERS

    (503) 784-4950

    18 Total Sales

    Section Image
  • Shadya Jones

    Buyer's Agent in 2016

    Shadya Jones

    COLDWELL BNKR/COMMERCIAL DIV

    (503) 566-5702

    10 Total Sales

    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 710336

Willamette Valley MLS

Oregon Marion County Salem 97301 Downtown Salem

656 Center St NE, Salem, OR

This home is located at 656 Center St NE, Salem, OR 97301 since 18 September 2016. This property was built in 1915. 656 Center St NE 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.

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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