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Image 1 - 1055 16th St SE, Salem, Oregon, 97302 - House for sale
Image 2 - 1055 16th St SE, Salem, Oregon, 97302 - House for sale
Image 3 - 1055 16th St SE, Salem, Oregon, 97302 - House for sale
Image 4 - 1055 16th St SE, Salem, Oregon, 97302 - House for sale
Image 5 - 1055 16th St SE, Salem, Oregon, 97302 - House for sale
Image 6 - 1055 16th St SE, Salem, Oregon, 97302 - House for sale
Image 7 - 1055 16th St SE, Salem, Oregon, 97302 - House for sale
Image 8 - 1055 16th St SE, Salem, Oregon, 97302 - House for sale
Home For Sale In Salem, Oregon
1055 16th St SE, Salem, Oregon, 97302

Home For Sale In Salem, Oregon

house for sale
Listed: 06/19/24

1055 16th St SE, Salem, Oregon, 97302

12 Bed:
6 Bath:
3,816 Sq Ft Living Area:
Save
Price
$ 999,000

About This House

Rare investor opportunity! Here is your chance to own a cash flowing 6-plex with current tenants for all units in SE Salem! Featuring, 2 bed, 1 bath per unit, all new panels/ meters along with W/D hook ups going in 4/24. New floors, kitchens, bathroom updates, exterior paint, vapor barrier, shared storage between each unit, large common areas for green space, dedicated parking, a great cap rate of 8.68%, and much more! Inquire now! Seller is licensed real estate broker and member to owning LLC.

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Salem Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In June 2024, the asking price for 2 bed houses for sale in/near Salem, United States averaged $358,372, a decrease of 7.1% from the previous month.
Median price trends for properties for sale in Salem, United States as of June 2024.

Household Income

Median household income: $51,666
Number of households: 58,632
The average household income in Salem, OR grew from $49,126 to $51,666 in the past year. This data is an estimate based upon 58,632 households in Salem, OR.
The chart below presents how household income is distributed in Salem, OR in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Salem, OR compared to median property taxes around the country. The prevalent amount of property taxes in Salem, OR equals $3k+ , which is more than the national average.