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Off market
  • $6,849,500

    1225 River Bend Rd NW, Salem, OR 97304

    66beds
    66baths
    41,820sqft
    MultiFamily
    Built in 2020
    -- sqft lot
    $6,849,500 Zestimate®
    $164/sqft
    $1,657 Estimated rent

    Home value

    $6,849,500

    $5.14M - $9.32M

    $1,657/mo

    Zestimate® history
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    Owner options

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    $1,657/mo

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    $1,657/mo

    Rent Zestimate®

    Refinance and save

    $40,170/mo

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    $40,170/mo

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    What's special

    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.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    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

    Price history

    DateEventPrice
    11/13/2020Listed for sale$9,500,000$227/sqft
    Source: PREMIERE PROPERTY GROUP, LLC #757774 Report a problem
    11/13/2020Pending sale$9,500,000+1.1%$227/sqft
    Source: RMLS (OR) #19010294 Report a problem
    9/4/2020Listing removed$9,400,000$225/sqft
    Source: PREMIERE PROPERTY GROUP, LLC #757774 Report a problem
    9/1/2020Price change$9,400,000+5.6%$225/sqft
    Source: PREMIERE PROPERTY GROUP, LLC #757774 Report a problem
    4/17/2020Price change$8,900,000-11%$213/sqft
    Source: PREMIERE PROPERTY GROUP, LLC #757774 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: West Salem

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Brush College
    • Middle: Straub
    • High: West Salem

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value$6,849,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $6,849,500