Phenomenal opportunity to acquire a 4 plex, Duplex and 4 storage rentals in NE Salem. Tenants pay electricity and gas. Minutes from Downtown, the Capital, as well as parks, schools, and bus lines. Coin-operated laundry onsite. Well maintained, fully rented with long term tenants in place & with below-market rents. Recent improvements include a unit turnover with new flooring, shower surround and fresh paint. Perfect owner-occupied opportunity. See also MLS 20690010
Off market
$664,400
1135 13th St NE, Salem, OR 97301
7beds
6baths
4,873sqft
MultiFamily
Built in 1920
-- sqft lot
$664,400 Zestimate®
$136/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
Heating
- Baseboard, Gas
Appliances
- Included: Range / Oven, Refrigerator
- Laundry: Common Area, Washer/Dryer Hookup
Features
- Locked Storage
- Basement: Finished, Exterior Entry, Separate Living Quarters/Apartment/Aux Living Unit
Interior area
- Total interior livable area: 4,873 sqft
Property
Lot
- Size: 6,534 sqft
- Features: Level
Details
- Parcel number: 574412
- Zoning: RS
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Approximately
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected, Cable Connected
Community & neighborhood
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 4247
Other
Other facts
- FoundationDetails: Pillar/Post/Pier
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Baseboard
- Zoning: RS
- Appliances: Refrigerator, Electric Water Heater, Range
- Basement: Finished, Exterior Entry, Separate Living Quarters/Apartment/Aux Living Unit
- HeatingYN: true
- Utilities: Natural Gas Connected, Cable Connected
- NumberOfUnitsTotal: 6
- Roof: Composition
- LotFeatures: Level
- LeaseTerm: Month To Month
- FarmLandAreaUnits: Square Feet
- ConstructionMaterials: Cedar
- RentIncludes: Water, Sewer, Trash Collection, Maintenance Grounds
- OpenParkingYN: true
- LaundryFeatures: Common Area, Washer/Dryer Hookup
- ParkingFeatures: Open
- CapRate: 6.18
- InteriorFeatures: Locked Storage
- MlsStatus: Pending
- PropertyCondition: Approximately
- TotalActualRent: 4247
- GrossIncome: 49686
- GrossScheduledIncome: 56485
- NetOperatingIncome: 32459
- OperatingExpense: 17227
Services availability
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$664,400
2% more+ $13,288
With Showcase(estimated)
$677,688