$465,000

745 16th St NE, Salem, OR 97301

4 beds |
3 baths |
2,348 sqft

Single-Family Home
Built in 1926
7,841sqft lot
1 car garage
$198/sqft
Listed 10 days ago

Property Description

Turnkey investment with instant cash flow upon closing! This 4 bed, 2.5 bath has room for everyone. Great renters with a lease until July 2026. This well maintained beauty has hardwood floors, new appliances, waterproofed basement with lifetime warranty, and new wall insulation. The huge back yard has excellent ADU potential with pre-approved plans from the city, convenient alley access, and easily accessible utilities. Cap rate 6.2%, GRM 13.1. Tenant occupied. Do not disturb tenants. Offer subject to interior inspection.

Listing Status:: Active
Listing Office:: PREMIERE PROPERTY GROUP, LLC ALBANY : 541-730-4830
Listing Agent:: NEIL NELSON : 503-444-1070
MLS ID:: 835824

Appliances: DisposalDishwasherMicrowaveRange Included
Laundry: Lower Level
Basement: Finished
Flooring: CarpetVinylWoodTile
A/C: Central Air
Heating: Natural GasForced Air
Fireplace: Living RoomGasFireplace

Parking: Attached

Roofing: Composition
General: Wood SidingContinuous

Originating MLS: Black Knight 2 - Willamette Valley Multiple Listing Service
County: Marion

Utilities: Lower/Basement
Water: Public
Sewer: Public Sewer

Source: Black Knight 2 - Willamette Valley Multiple Listing Service

This listing courtesy of NEIL NELSON, PREMIERE PROPERTY GROUP, LLC ALBANY

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Englewood Elementary School

1132 19th St NE, Salem, OR, 97301

Grades KG-5

0.39 miles away

Parrish Middle School

802 Capitol St NE, Salem, OR, 97301

Grades 6-8

0.35 miles away

North Salem High School

765 14th St NE, Salem, OR, 97301

Grades 9-12

0.20 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.