The future upside for the next owner is to increase the current rents to market, which should bring the cap rate to approximately 6.5%. Additionally, if washer/dryers are added in the units to increase the rents, the cap rate should increase to approximately 7.5%. Please contact agent for additional information.
Sold
$820,000
1207 D St NE, Salem, OR 97301
6beds
3,936sqft
Multi Family
Built in 1962
-- sqft lot
$843,200 Zestimate®
$208/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: January 05, 2024 at 05:06am
Listed by:
David Keys DavidK@norris-stevens.com,
Norris & Stevens Investment Real Estate Services
Bought with:
Benjamin Nelson, 200212150
eXp Realty, LLC
Source: RMLS (OR),MLS#: 23563538
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Other
Cooling
- Wall Unit(s), Air Conditioning
Appliances
- Included: Refrigerator, Electric Water Heater
Features
- Flooring: Hardwood
Interior area
- Total structure area: 3,936
- Total interior livable area: 3,936 sqft
Property
Features
- Stories: 2
- Patio & porch: Deck
Lot
- Features: SqFt 10000 to 14999
Details
- Parcel number: 587264
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 6150
Other
Other facts
- Listing terms: Call Listing Agent
Services availability
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more than others on Zillow
Get a complimentary Zillow Showcase℠ listing and you could sell for .
$843,200
2% more+ $16,864
With Showcase(estimated)
$860,064