Under contract has brand new roof, exterior paint, and gutters with high income over 8% cap rate 4plex consists of 3 units of 2 bedrooms 1.5 baths and 1 unit of 3 bedrooms and 1.5 baths with attached garages updated with automatic garage door openers. Each unit has own washer and dryer hookups. Showing only available to qualified buyers with accepted offer. Please do not disturb tenants. Seller is doing 1031 exchange with no cost to buyers.
Off market
$772,500
1689 Salishan St SE, Salem, OR 97302
9beds
4,384sqft
MultiFamily
Built in 1976
-- sqft lot
$772,500 Zestimate®
$176/sqft
$1,461 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 8
- Full bathrooms: 4
- 1/2 bathrooms: 4
Heating
- Baseboard, Wall, Electric
Appliances
- Included: Dishwasher, Freezer, Garbage disposal, Range / Oven, Refrigerator
- Laundry: Washer/Dryer Hookup
Features
- Flooring: Tile, Carpet, Hardwood, Laminate, Linoleum / Vinyl
- Basement: Finished
- Attic: Storage
Interior area
- Total interior livable area: 4,384 sqft
Property
Parking
- Total spaces: 12
- Parking features: Garage - Attached
Features
- Exterior features: Wood, Brick, Composition
Lot
- Size: 0.27 Acres
- Features: Level, Views
Details
- Parcel number: 580381
- Zoning: RMZ
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Existing
- Year built: 1976
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 3875
Other
Other facts
- ViewYN: true
- Sewer: Public Sewer
- WaterSource: Public
- FoundationDetails: Concrete Perimeter
- RoadSurfaceType: Paved
- GarageYN: true
- HeatingYN: true
- Utilities: Electricity Connected
- Heating: Zoned
- NumberOfUnitsTotal: 4
- ConstructionMaterials: Wood Siding
- Roof: Composition
- LotFeatures: Level, Views
- Basement: Crawl Space
- FarmLandAreaUnits: Square Feet
- ParkingFeatures: Storage, Garage
- RentIncludes: Water, Sewer
- Appliances: Electric Water Heater, Range
- Attic: Storage
- View: Territorial
- CapRate: 5.87
- LaundryFeatures: Washer/Dryer Hookup
- PropertyCondition: Existing
- GrossIncome: 43740
- TotalActualRent: 3875
- Zoning: RMZ
- MlsStatus: Active
- NetOperatingIncome: 34344
- OperatingExpense: 9426
- Road surface type: Paved
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$772,500
2% more+$15,450
With Zillow Showcase(estimated)$787,950