$725,000
$85K PRICE DROP

Estimated payment $4,262/month

Total Views 8,836
7 Beds
6 Baths
3,752 Sq Ft
$193 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 Listed on: 05/20/2025

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
  • Current Price For Status: 725000.0
  • 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: 9.6
  • Annual Gross Income: 75540.0
  • Property Net Operating Income: 61873.0
  • Annual Operating Expense: 13667.0

Map

Range of Values:

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List 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 Prior Sale
11/14/2025 11/14/25 Price Changed $725,000 -9.4% $193 / Sq Ft
07/31/2025 07/31/25 Price Changed $799,900 -1.2% $213 / Sq Ft
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 View Prior Sale
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)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 638981549

Regional Multiple Listing Service (RMLS)