Investor/Smart Buyer ALERT! Own a piece of Salem history, walk to work at the capital, Willamette U, or Salem Health Hospital & earn equity w/tenants too. The James & Flora Watts home in the historic district has old-world charm but more importantly: new roof/gutters/paint/basement waterproofing! 3 units âEUR" 1/1 upstairs, 2/1 main floor, 1/1 daylight basement. Lovely treed neighborhood, Safeway and parks nearby, 2 car garage, porch, and the peace of mind knowing you have made a great investment!
Off market
$491,600
1490 Chemeketa St NE, Salem, OR 97301
4beds
3baths
2,693sqft
MultiFamily
Built in 1896
-- sqft lot
$491,600 Zestimate®
$183/sqft
$2,272 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Forced air, Electric
Cooling
- None
Appliances
- Included: Range / Oven, Refrigerator
- Laundry: Common Area
Features
- Flooring: Hardwood
- Basement: Partially finished
Interior area
- Total interior livable area: 2,693 sqft
Property
Parking
- Parking features: Garage - Attached
Features
- Patio & porch: Deck
- Exterior features: Wood
Lot
- Size: 4,356 sqft
- Features: Level, Corner Lot
Details
- Parcel number: 595755
- Zoning: RD
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Converted
- Year built: 1896
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Security
- Security features: Unknown
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 2470
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- RoadSurfaceType: Paved
- Appliances: Refrigerator, Electric Water Heater, Range
- GarageYN: true
- Heating: Other
- Basement: Partially Finished, Full, Storage Space, Separate Living Quarters/Apartment/Aux Living Unit
- Zoning: RD
- HeatingYN: true
- PatioAndPorchFeatures: Deck
- Utilities: Electricity Connected
- Flooring: Hardwood
- NumberOfUnitsTotal: 3
- ConstructionMaterials: Wood Siding
- Roof: Composition
- LotFeatures: Level, Corner Lot
- FoundationDetails: Block
- LeaseTerm: Month To Month
- FarmLandAreaUnits: Square Feet
- ParkingFeatures: Storage, Garage
- LaundryFeatures: Common Area
- CapRate: 6.89
- GrossIncome: 29640
- TotalActualRent: 2470
- MlsStatus: Active
- SecurityFeatures: Unknown
- OperatingExpense: 4844
- PropertyCondition: Converted
- NetOperatingIncome: 24796
- Road surface type: Paved
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$491,600
2% more+$9,832
With Zillow Showcase(estimated)$501,432