Courtesy of KELLER WILLIAMS REALTY MID WILLAMETTE, CHERISE KISH, Agent: 503-753-4898 

ACTIVE UNDER CONTRACT

1055 16th (-1085) St

Salem OR, 97302

$999,000


$261.79 per sqft

ACTIVE UNDER CONTRACT

12 Beds

6 Baths

3,816 sqft

Multi-family

Built in 1945

Accepted Offer with Contingencies. 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 & member to owning LLC.

813529

MLS ID

February 21, 2024

Listed

May 15, 2024

Updated

Map

1055 16th (-1085) St
Salem OR, 97302

Interior Features

Bedrooms

12


Total Bathrooms

6


Appliances

Electric, Refrigerator Included


Laundry Description

W/D Hookup


Floor Description

Laminate


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.29 Acres


Lot Features

Irregular


Roof

Composition


Sewer

City

School Information

School District

25


High School

South Salem


Elementary School

Bush

Other Property Details

Area Name

40 SOUTHEAST SALEM


Taxes

$5,376


Tax Frequency

Annually


Garage

No


View

Yes


View Description

Territorial


County

Marion


Municipality

South Salem


Water Source

City, Connected


Pool

No


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

4/25/2024

Price Change

$999,000

-5%

3/28/2024

Price Change

$1,050,000

-9%

3/8/2024

Price Change

$1,150,000

-5%

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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

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