Rare Fourplex Investment Opportunity in Salem! This villa-style multifamily complex features two 2/1 units and two 3/1 units for a total of 10 beds across all 4 units. Complex is currently fully-rented at market rate with over 7% CAP on actuals, and 8% pro-forma with some rent upside. Units have been well-maintained inside and out, including common-area landscaping and recent roof maintenance. Separate 4-car garage offers covered parking/storage. Tucked in between Lancaster and I5 for easy commuting.
Off market
$702,500
3660-3666 State St, Salem, OR 97317
--beds
4baths
3,988sqft
Multi Family
Built in 1977
-- sqft lot
$702,500 Zestimate®
$176/sqft
$2,213 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Source: John L Scott Real Estate,MLS#: 813345
Facts & features
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$702,500
2% more+$14,050
With Zillow Showcase(estimated)$716,550