Accepted Offer with Contingencies. Price increase associated with stabilization of these three 3-story apartment buildings on approximate 2-acre lot just off Wallace Rd in desirable West Salem. 48 total units comprised of 1BD/1BA & 2BD/2BA all w/ washer/dryer, kitchen appliances, deck/patio & parking included. Each apartment to contain ductless cooling & cadet heating units. One ADA apartment available w/ 15 more adaptable. Landscaping & common areas include walking trail, play structure & green space. Growing market with rising rents.
Off market
$5,401,400
1225 River Bend Rd NW, Salem, OR 97304
66beds
66baths
41,820sqft
MultiFamily
Built in 2020
-- sqft lot
$5,401,400 Zestimate®
$129/sqft
$2,469 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 66
- Bathrooms: 66
Heating
- Electric
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
Features
- High Speed Internet, Breakfast Room/Nook, Wired for Data
- Flooring: Carpet, Laminate, Linoleum / Vinyl
Interior area
- Total interior livable area: 41,820 sqft
Property
Accessibility
- Accessibility features: Yes (Refer to Remarks)
Features
- Patio & porch: Covered Patio, Covered Deck
- Exterior features: Cement / Concrete
- Fencing: Partial
Lot
- Size: 2.05 Acres
- Features: Landscaped
Details
- Zoning: C0
- Other equipment: Irrigation Equipment
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- New Construction
- Year built: 2020
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Fire System: Sprinkled
Location
- Region: Salem
Other
Other facts
- ViewYN: true
- Sewer: Public Sewer
- WaterSource: Public
- Flooring: Carpet, Laminate, Vinyl
- Appliances: Dishwasher, Refrigerator, Disposal, Washer/Dryer, Microwave, Electric Range, Electric Water Heater
- Heating: Electric, Other (Refer to Remarks)
- HeatingYN: true
- FoundationDetails: Slab
- PropertyCondition: New Construction
- Roof: Composition
- NumberOfUnitsTotal: 48
- Fencing: Partial
- ConstructionMaterials: Fiber Cement, Lap Siding
- OtherEquipment: Irrigation Equipment
- PatioAndPorchFeatures: Covered Patio, Covered Deck
- InteriorFeatures: High Speed Internet, Breakfast Room/Nook, Wired for Data
- CurrentUse: Investment
- View: Territorial
- LotFeatures: Landscaped
- NewConstructionYN: Yes
- RoomDiningRoomFeatures: Area (Combination)
- PossibleUse: Garden/Low-Rise
- SecurityFeatures: Fire System: Sprinkled
- AccessibilityFeatures: Yes (Refer to Remarks)
- MlsStatus: ACTIVE UNDER CONTRACT
- Zoning: C0
- TaxAnnualAmount: 17873
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$5,401,400
2% more+$108K
With Zillow Showcase(estimated)$5,509,428