$810,000

Estimated payment $4,993/month

Total Views 271
7 Beds
6 Baths
3,752 Sq Ft
$216 Price per Sq Ft

Highlights

  • Territorial View
  • Laundry Facilities
  • Level Lot
  • Baseboard Heating
  • High Speed Internet
  • Wood Siding

About This Home

Great investment opportunity to acquire a six-unit multi-family property conveniently located near downtown, with easy access to parks and public transportation. The property consists of five 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, with some featuring hardwood floors. Additionally, there is an on-site laundry room available for tenants. Please refrain from disturbing the tenants.

Listing Agent

Matt Killen

Crown Real Estate Group License #960900077

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,507

Year Built

  • Built in 1960

Lot Details

  • 0.29 Acre Lot
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,752 Sq Ft Home
  • 2-Story Property
  • Territorial Views
  • Crawl Space

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • On-Street Parking

Schools

  • Mckinley Elementary School
  • Leslie Middle School
  • South Salem High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 582599

Community Details

Building Details

  • Operating Expense $13,667
  • Gross Income $75,540
  • Net Operating Income $61,873

Additional Features

  • 5,604 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,507

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1960
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Total Bedrooms: 7
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Security: None
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: McKinley
  • High School: South Salem
  • Middle Or Junior School: Leslie

Lot Info

  • Zoning: RM2
  • Lot Size Acres: 0.29
  • Lot Size Sq Ft: 12632.0
  • Parcel #: 582599

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5507.22
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 5604
  • Gross Rent Multiplier: 10.72
  • Annual Gross Income: 75540.0
  • Property Net Operating Income: 61873.0
  • Annual Operating Expense: 13667.0

Map

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
05/20/2025 05/20/25 For Sale $810,000 +88.4% $216 / Sq Ft
03/10/2017 03/10/17 Sold $430,000 -1.8% $115 / Sq Ft
02/12/2017 02/12/17 Pending -- -- --
02/08/2017 02/08/17 For Sale $438,000 -- $117 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Similar Homes in Salem, OR

  • 923-945 Fir St S, Salem, OR 97302

    $810,000

    • 7 Beds
    • 6 Baths
    • 3,752 Sq Ft
    • 923-945 Fir St S
    • Salem, OR

    Great investment opportunity to acquire a six-unit multi-family property conveniently located near downtown, with easy access to parks and public transportation. The property consists of five 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, with some featuring hardwood floors. Additionally, there is an on-site laundry room available for tenants. Please refrain from disturbing the tenants.

    Matt Killen CROWN REAL ESTATE GROUP

    Section Image
  • 1020 Arthur Way NW, Salem, OR 97304

    $825,000

    • 8 Beds
    • 5 Baths
    • 3,003 Sq Ft
    • 1020 Arthur Way NW
    • Salem, OR

    Fantastic investment opportunity awaits with this beautifully built duplex! Eachwith 4 bedrooms, 2.5 full bathrooms, an attached garage, and private fenced backyard. One side is currently rented, offering immediate income potential, while the other side is vacant. Thoughtful open-concept layouts. This property perfect for investors and homeowners alike. Please do not disturb tenants. Open house

    NEREYDA AGUIRRE EXP REALTY, LLC

    Section Image
  • 1710 Capitol St NE, Salem, OR 97301

    $960,000

    • 9 Beds
    • 6 Baths
    • 4,800 Sq Ft
    • 1710 Capitol St NE
    • Salem, OR

    Seller Financing: 10% down; 4% I/O for 7 years. Excellent solid investment 6-plex in the heart of Salem. Central location. 6 units all rented on month to month. No deferred maintenance. Newer electrical, plumbing, water lines, and appliances. Roof in excellent condition. Units have ceiling fans, hardwood floors. Some units recently remodeled. The property was awarded Most Improved Property of the

    Ellen Bick CORE, Realtors

    Section Image
  • 1012 (-1014) Big Fir Place S, Salem, OR 97306

    $700,000

    • 6 Beds
    • 5 Baths
    • 5,840 Sq Ft
    • 1012 (-1014) Big Fir Place S
    • Salem, OR

    Accepted Offer with Contingencies. Beautiful duplex built in 2019. Both sides currently rented. Easy income. Appreciating asset. Low maintenance, newer build. Solid surface counter tops. High end finishes, appliances. W/D included. HOA includes front landscaping and parking lot maintenance. Close to schools and shopping. A must see property. .

    Patrick Jackson BERKSHIRE HATHAWAY HOMESERVICES R E PROF

    Section Image

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 638981549

Regional Multiple Listing Service (RMLS)