Home For Sale In Salem, Oregon

house for sale

Listed: 04/23/24

3660 State Street, Salem, OR 97301, USA

10 Bed:

4 Bath:

3,988 Sq Ft Living Area:

Price

$ 850,000

Sold

Show 6 more

About This House

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 6.57% CAP on actuals, and 7.34% 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.

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