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Off market
  • $1,204,000

    701 Lockwood Ln S, Salem, OR 97302

    12beds
    12baths
    5,896sqft
    MultiFamily
    Built in 1950
    -- sqft lot
    $1,204,000 Zestimate®
    $204/sqft
    $1,312 Estimated rent

    Owner options

    List your home for rent

    $1,312/mo

    Rent Zestimate®

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    $1,312/mo

    Rent Zestimate®

    Refinance and save

    $7,928/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

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    $7,928/mo

    Est. payment

    What's special

    Desirable location and long term tenants of 12, 17 & 20+ yrs. Twelve (1) Bedroom units with rents of $450 to $465. Twelve storage units fully rented for $40 each. Coin operated laundry. Additional land for more storage or future development. Individual private fenced yard. Cap rate above 8% and owner willing to carry a contract at 6%. Seller has an OR Property License. DO NOT DISTURB TENANTS.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 12
    Interior area
    • Total interior livable area: 5,896 sqft

    Property

    Lot
    • Size: 0.67 Acres

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1950

    Community & neighborhood

    Location
    • Region: Salem
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $1,204,000
    2% more+$24,080
    With Zillow Showcase(estimated)$1,228,080