Salem OR Multi Family for Sale
$950,000
3890 Lancaster NE Salem, OR 97305
- Type:
- Duplex
- Sq.Ft.:
- 3,058
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.91 Acres
- Year built:
- 1949
- Baths:
- 2.00
- MLS#:
- 821769
ADDITIONAL INFORMATION
Marion County Zoning may allow 26 units, multiple family and/or mobile home park. Owner currently receives income from duplex: $4000/mo, easy I-5 EXIT, Concrete parking space. Buyer to do own due diligence. Sellers may consider 1031 exchange for investment in states such as OR or CA.
- Type:
- Duplex
- Sq.Ft.:
- 2,369
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.16 Acres
- Year built:
- 2003
- Baths:
- 5.00
- MLS#:
- 817673
- Subdivision:
- Promenade Estates Ph 1
ADDITIONAL INFORMATION
Accepted Offer with Contingencies. Fully fenced with new fence in 2022. Dishwasher in 3 bdrm side 2023. Disposal in 2 bdrm side 2023. Forced air, gas furnace with central AC. Laundry room in each side. Easy access to I-5, shopping & Chavez Elementary School. Interior inspection upon accepted offer.
- Type:
- Multi-Family
- Sq.Ft.:
- 3,591
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.31 Acres
- Year built:
- 1964
- Baths:
- MLS#:
- 24172729
View additional info
Courtesy: HomeSmart Realty Group
971-599-5865
ADDITIONAL INFORMATION
Amazing investment opportunity in Salem!Fully rented with good tenants on this 4-plex investment!Conveniently located near shops, college, and bus lines!New roof in 2019 and exterior touch ups! New coin operated laundry installed onsite for extra revenue. Below market rents! Great %5.67 cap rate on this investment and pro forma %7.19 w/ plenty of value to take it to the next level!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1968
- Baths:
- MLS#:
- 24153382
- Subdivision:
- Hayesville Subdivision Additio
View additional info
Courtesy: John L. Scott Salem
503-585-0100
ADDITIONAL INFORMATION
Cul de sac location, freshly painted on the exterior. Long term tenants, rents going up May 1 to posted amounts. Tenants pay all utilities, water, sewer and garbage. Units come with a wood burning fire place. Tenants very easy to work with and would like to stay. Easy access to I-5 and lots of shopping. New roof installed 6/24/24.
$399,000
3522 Ibis (-3532) NE Salem, OR 97305
- Type:
- Duplex
- Sq.Ft.:
- 2,010
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.2 Acres
- Year built:
- 1968
- Baths:
- 2.00
- MLS#:
- 814727
- Subdivision:
- Hayesville Subdivision Ad
ADDITIONAL INFORMATION
Cul de sac location, freshly painted on the exterior. Long term tenants, rents raised 5/1. Tenants pay all utilities, water, sewer and garbage. Units come with a wood burning fire place. Tenants very easy to work with and would like to stay. Easy access to I-5 and lots of shopping. new roof put on 6/24/24.
- Type:
- Other
- Sq.Ft.:
- 3,591
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.31 Acres
- Year built:
- 1964
- Baths:
- 4.00
- MLS#:
- 814071
ADDITIONAL INFORMATION
Back on Market! Amazing investment opportunity in Salem! Fully rented with good tenants on this 4-plex investment! Conveniently located near shops, college, and bus lines! New roof in 2019 and exterior touch ups! New coin operated laundry installed onsite for extra revenue. Great cap rate of %6.384 on this investment and pro forma %7.19 with plenty of value to take it to the next level!
Salem Real Estate
The median home value in Salem, OR is $363,700. This is lower than the county median home value of $411,100. The national median home value is $338,100. The average price of homes sold in Salem, OR is $363,700. Approximately 46.91% of Salem homes are owned, compared to 49.64% rented, while 3.46% are vacant. Salem real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Salem real estate agent to arrange a tour today!
Salem, Oregon 97305 has a population of 21,887. Salem 97305 is more family-centric than the surrounding county with 31.28% of the households containing married families with children. The county average for households married with children is 31.19%.
The median household income in Salem, Oregon 97305 is $59,620. The median household income for the surrounding county is $64,880 compared to the national median of $69,021. The median age of people living in Salem 97305 is 29.2 years.
Salem Weather
The average high temperature in July is 80.9 degrees, with an average low temperature in January of 34.5 degrees. The average rainfall is approximately 42.1 inches per year, with 3.2 inches of snow per year.