Overview
- 2282 Sqft
- 1925
- MultiFamily
- 245194097
- 0.13 Acres
- eXp Realty, LLC
- Joe Skipper
Description
Charming detached 4-unit multifamily property ideally situated near downtown Salem, public transit, and local colleges. Each spacious unit features 1 bedroom, 1 bathroom, private entrance, individual electric meter, and separate water heater, offering tenants privacy and convenience. The building underwent a major remodel and partial rebuild in the early 1990s with ongoing updates, including newer water heaters, fresh flooring throughout, and a roof with an estimated 30-year remaining lifespan per 2022 inspection. Residents enjoy dedicated off-street parking, on-site coin-operated laundry, and a fully fenced backyard courtyard. Excellent investment opportunity with potential to assume an attractive 2.75% FHA loan (buyer to verify with lender). Showings available by appointment only. Seller is related to listing agent.
Details
Updated on March 7, 2026 at 8:38 am-
MLS# 245194097
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Price $560,000
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Property Size 2282 Sqft
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Land Area 0.13 Acres
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Garage Size x x
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Year Built 1925
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Property Type MultiFamily
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Property Status Active
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Office Name eXp Realty, LLC
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Agent Name Joe Skipper
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Office Phone 888-814-9613
Additional details
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Listing Terms Assumable, Cash, Conventional, FHA, VALoan
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Roof Composition
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Sewer Public Sewer
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Cooling None
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Heating Wall Heater
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County Marion
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Property Type MultiFamily
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Parking Off Street, On Street
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Elementary School Richmond
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Middle School Leslie
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High School South Salem
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Community Features Commons, Laundry
Walkscore
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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PMI
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Monthly HOA Fees
Contact Information
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