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
Sold
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
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#: 809323

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