97311, OR Home for Sale

Two cottage style homes on one lot! Each home has 1 bedroom, 1 bathroom, 612 square feet and their own attached garage. These are well maintained units and have had low turnover, low vacancy and are professionally managed by NW Pacific Property management. Easy care vinyl siding and convenient location short distance to bus service and downtown Salem. This is a great investment opportunity! Tenants pay utilities. Estimated market rent is $1,395 to $1,450 per unit/home.

97311, OR Home for Sale

Two cottage style homes on one lot! Each home has 1 bedroom, 1 bathroom, 612 square feet and their own attached garage. These are well maintained units and have had low turnover, low vacancy and are professionally managed by NW Pacific Property management. Easy care vinyl siding and convenient location short distance to bus service and downtown Salem. This is a great investment opportunity! Tenants pay utilities. Estimated market rent is $1,395 to $1,450 per unit/home.

97311, OR Home for Sale

This is a fantastic opportunity to update this 2143 sq foot home with dual-living potential in separate living rooms, bedrooms, and entrances. Beautiful tree-lined street with plenty of room for gardening and outdoor entertaining.

97311, OR Home for Sale

8 units consisting of (7) 2 bed / 1 bath and (1) 1 bath/ 1bath. Below market rents w/ significant upside. 1 unit was recently renovated. Property is professionally managed allowing for hassle-free ownership if buyer desires to retain management. Current 5.3 cap rate based on actual data. Ideal for investors seeking appreciate and higher ROI. Prime location with strong rental demand. Located less than one block east of North Salem High School and close to Parrish Middle School. Do not disturb the residents

97311, OR Home for Sale

This 4 bed / 2 bath home was built in 1910 and is on the historic registry. When you walk through the front door you will see all the attention to detail with wood beams, built ins and original hardwood floors. Also all of the bedrooms are oversized with their own walk-in closets. One of the upstairs bedrooms has an attached sitting room overlooking the creek. Large deck big enough to entertain with a built in hot tub also overlooking the creek.

97311, OR Home for Sale

Property in historic downtown area. This home has five units with great rental history. Near Willamette University and other amenities.

97311, OR Home for Sale

Excellent investment opportunity! Single story duplex, each side of duplex has 2 bedrooms, 1 bathroom, single car detached garage & fenced back yards. 1145 has had an interior update. Both units have 2019 roof replacement. Front porches on both. Front yard fenced and gated. Quiet, established neighborhood, convenient to downtown and I-5. Long term tenants and tenants pay all utilities. Well maintained and nicely landscaped.

97311, OR Home for Sale

The future upside for the next owner is to increase the current rents to market, which should bring the cap rate to approximately 6.5%. Additionally, if washer/dryers are added in the units to increase the rents, the cap rate should increase to approximately 7.5%. Please contact agent for additional information.