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Listing provided courtesy of Coldwell Banker Mountain West Real Estate, Inc.: 503-364-9596.

1015 38th (-1025) NE

Salem, OR 97301
  • $629,900
  • STATUS: Active
  • ON SITE: 157 Days
  • MLS #: 794116
$629,900
  • 7
    BEDS
  • 0.19
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,036
    SQFT
  • $207
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Information

Elementary School:
Middle School:
High School:
Listing provided courtesy of Coldwell Banker Mountain West Real Estate, Inc.: 503-364-9596. Listing information © 2022 Willamette Valley Multiple Listing Service



Description

Great opportunity on this 4 plex located short distance to Willamette Town Center, bus service and I-5! These well maintained units have had low turnover, low vacancy and are professionally managed by NW Pacific Property Management. There are one 3 bedroom, one 2 bedroom, and two 1 bedroom units. Gross monthly rents are $3,880; 3 of 4 units due for rent increase. There's potential to significantly raise the rents. 4 plex has new exterior paint, many updated windows & great rental history. Long term owner.

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© 2022 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Data last updated: 2022-12-05T00:09:31.833.
www.midvalleyhomesource.com/homes/130457627
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1015 38th (-1025) NE Salem, OR 97301

  • Price: $629,900
  • Status: Active
  • On Site: 157 Days
  • MLS #: 794116
7
Beds
4
Baths
0
½ Baths
0.19
Acres
3,036
SQFT
$207
$/SQFT
1950
Built
Neighborhood:
Neumans Gardens Annex
County:
Marion
Area:
35 SUBURBAN E SALEM/SOUTH
Elementary School:
Hoover
Middle School:
Parrish
High School:
North Salem
Property Description
Great opportunity on this 4 plex located short distance to Willamette Town Center, bus service and I-5! These well maintained units have had low turnover, low vacancy and are professionally managed by NW Pacific Property Management. There are one 3 bedroom, one 2 bedroom, and two 1 bedroom units. Gross monthly rents are $3,880; 3 of 4 units due for rent increase. There's potential to significantly raise the rents. 4 plex has new exterior paint, many updated windows & great rental history. Long term owner.
Exterior Features

Exterior Color Gray Fenced Yard Partial Foundation Continuous Landscape Yes Lot Type Dimension Above Patio Covered Patio Roof Composition Siding Wood Siding Style Lap

Interior Features

Dining Area (Combination) Dishwasher No Flooring CarpetVinyl Heating ElectricBaseboard Range Facility Electric Unit1 Baths 1 Unit1 Bedrooms 3 Unit2 Baths 1 Unit2 Bedrooms 2 Unit3 Baths 1 Unit3 Bedrooms 1 Unit4 Baths 1 Unit4 Bedrooms 1 Water Heater Electric

Property Features

Cross Street D Street/Lancaster Flood Plain Unknown Garbage 1753 Handicap Amenities No High Speed Comm Access Available Homeowners Association No Association Inspection Report Available No Multifamily Type 4-Plex New Construction No Property Use Type Investment Seller To Do1031 Yes Sewer City Suitable For Garden/Low-Rise Tax Amount 3837 Tax Years 2021-2022 Terms Seller Will Consider CashConventional Water City Water Sewer 2060 Zoning Rs

© 2022 Willamette Valley Multiple Listing Service. All rights reserved.


© 2022 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Data last updated: 2022-12-05T00:09:31.833.
 
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eXp Realty
375 Pacific Blvd SW, Suite C
Albany OR, 97321
Listing provided courtesy of Coldwell Banker Mountain West Real Estate, Inc.: 503-364-9596. Listing information © 2022 Willamette Valley Multiple Listing Service