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  • Listed by: 

    PATRICK MULHERN Cell:971-707-0335,

    Smi Real Estate

    $1,075,000

    1416 D St NE, Salem, OR 97301

    15beds
    8baths
    6,940sqft
    Multi Family
    Built in 1970
    -- sqft lot
    $1,093,300 Zestimate®
    $155/sqft
    $-- HOA

    What's special

    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 5.76 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

    Zillow last checked: 7 hours ago

    Listing updated: July 16, 2024 at 04:49pm

    Listed by:

    PATRICK MULHERN Cell:971-707-0335,

    Smi Real Estate

    Bought with:

    PAM RUSHING

    Coldwell Bnkr/Commercial Div

    Source: WVMLS,MLS#: 809323MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 15
    • Bathrooms: 8
    Appliances
    • Laundry: Common Area
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 6,940
    • Total interior livable area: 6,940 sqft

    Property

    Features
    • Exterior features: Taupe
    Lot
    • Size: 0.32 Acres
    • Features: Irrigation System, Landscaped
    Details
    • Zoning: RM2

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • T111
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1970

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Salem

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,1031 Exchange
    Services availability
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow

    Get a free Zillow Showcase℠ listing and you could sell for .

    $1,093,300
    2% more+ $21,866
    With Zillow Showcase(estimated)
    $1,115,166