581 HIGHLAND AVE, Salem, OR 97301
- $525,000
- $535,000
581 HIGHLAND AVE, Salem, OR 97301
- $525,000
- $535,000
Overview
- 1937
- MultiFamily
- 487660105
- 0.08 Acres
- Bridgetown Equity Prop LLC
- Michael Bivens
Description
Calling all investors—don’t miss this exceptional three-unit multifamily opportunity. This property is ideal for investors looking to expand their portfolio or for an owner-occupant who wants to live in one unit while renting out the other two.All units have been renovated, and the building is fully occupied. The seller currently resides in one unit, with the remaining two secured by leases. Located on a quiet, tree-lined street, the property offers a peaceful and desirable setting.Whether you’re adding to an existing portfolio or purchasing your first investment property, this one delivers. The numbers are strong, with an actual cap rate exceeding 6%.Please submit offers contingent upon a walkthrough. Kindly do not disturb the tenants or walk the property.
Details
Updated on February 24, 2026 at 9:52 pm-
MLS# 487660105
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Price $525,000
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Land Area 0.08 Acres
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Garage Size x x
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Year Built 1937
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Property Type MultiFamily
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Property Status Active
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Office Name Bridgetown Equity Prop LLC
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Agent Name Michael Bivens
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Office Phone 503-475-3333
Additional details
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Listing Terms Cash, Conventional, FHA
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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 Furnace
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County Marion
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Property Type MultiFamily
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Parking On Street
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Elementary School Hammond
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Middle School Parrish
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High School North Salem
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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