Courtesy of SMI REAL ESTATE, PATRICK MULHERN, Cell: 971-707-0335
Active
1416 - 1456 D St
Salem OR, 97301
$1,250,000
$180.12 per sqft
Active
15 Beds
8 Baths
6,940 sqft
Multi-family
Built in 1970
8 units consisting of (7) 2 bed / 1 bath and (1) 1 bath/ 1bath. Below market rents w/significant upside. 1 unit was recently renovated. Property is professionally managed allowing for hassle-free ownership if buyer desires to retain management. Current 5.3 cap rate based on actual data. Ideal for investors seeking appreciate and higher ROI. Prime location with strong rental demand. Located less than one block east of North Salem High School and close to Parrish Middle School. Do not disturb the residents
809323
MLSⓇ ID
September 8, 2023
Listed
April 16, 2024
Updated
Map
1416 - 1456 D St
Salem OR, 97301
Interior Features
Bedrooms
15 Beds
Bathrooms
8 Baths
Laundry Description
Laundry Center
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.32 Acres
Exterior Features
T 111
Lot Features
Irrigation System, Yes
Roof
Composition
Sewer
City
School Information
High School
North Salem
Elementary School
Englewood
Other Property Details
Area Name
20 CENTRAL SALEM
Taxes
$7,883
Tax Frequency
Annually
Garage
No
View
No
County
Marion
Municipality
North Salem
Water Source
City
Pool
No
Buyer Agency Compensation
2.5%
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