Excellent investment property with strong occupancy record and CAP rate. Great neighborhood and location in south Salem, convenient access to Commercial St. or Liberty Rd and I-5. Very clean and well maintained. Each single-level unit has spacious fully fenced yard, off-street parking w/attached garage. Possible low down FHA/VA financing w/owner occupancy of vacant unit supplemented by a great rental rate and revenue from long-term tenant in second unit. High tenant demand in queue for the next investor.
Sold for $450,000 on 03/14/24
Listed by:
GERALD FURGALA Cell:281-701-6689,
Windermere Willamette Vly/Albany
Bought with: Realty One Group Willamette Valley Stayton
$450,000
427 Madrona Ave S, Salem, OR 97302
4beds
2baths
1,728sqft
Duplex
Built in 1977
-- sqft lot
$473,100 Zestimate®
$260/sqft
$1,929 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: December 11, 2024 at 03:45pm
Listed by:
GERALD FURGALA Cell:281-701-6689,
Windermere Willamette Vly/Albany
Bought with:
BRENDA BONEBRAKE
Realty One Group Willamette Valley Stayton
Source: WVMLS,MLS#: 813175
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Dining room
- Features: Area (Combination)
Heating
- Electric, Forced Air
Appliances
- Included: Dishwasher, Disposal, Electric Range, Range Included, Electric Water Heater, Refrigerator
- Laundry: W/D Hookup
Features
- Flooring: Carpet, Vinyl
- Has fireplace: Yes
- Fireplace features: Living Room
Interior area
- Total structure area: 1,728
- Total interior livable area: 1,728 sqft
Property
Parking
- Parking features: Garage
Features
- Exterior features: Beige
- Fencing: Fenced
- Has view: Yes
- View description: Territorial
Lot
- Size: 8,556 sqft
- Features: Dimension Above, Landscaped
Details
- Parcel number: 572770
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Wood Siding, Lap Siding
- Foundation: Continuous
- Roof: Composition
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Salem
- Subdivision: Ewald Fruit Farms
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,VA Loan,FHA
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$473,100
2% more+$9,462
With Zillow Showcase(estimated)$482,562