2210 STATE ST Salem, OR97301
$880,000
5 total units
10 total bedrooms
10 total bathrooms
$60,612 annual income
Capitilization Rate: 4.80
4150 total sq. ft
10,000 to 14,999 SqFt
Elementary School: Richmond
Middle School: Leslie
High School: South Salem
Zoning: RM2
1005 days on market
VestorFilter™
Price per unit$176K/unit
Price per ft²$212.05/ft²
Price per acre$3.75M/ac
Price per bedroom$88K/bed
Time on market1005 days
Property Description
Rare and exceptional investment property opportunity in prime location near downtown! This 5-unit multifamily property is 100% turn-key & needs nothing! New roof, water heaters in all units, and fence along back all done in 2021. All units come with full kitchen appliance packages AND washer & dryer. Parking for 8 cars including 1 handicap space. Mostly long term tenants in place ranging from 1+ year to 20+ years occupancy. Offers significant rental income upside as it is well below market rent.
{{ compliance-logo }}Listing Provided By eXp Realty, LLC
Financial Data
Date Sold2021-08-10
Sold Price$880,000
Original Price$875,000
Current Price$880,000
Property Taxes$7,938
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Home Facts
StatusSold
Year Built2000
Exterior Features
MLS ID21429069
Unit Details
Unit 1
Unit 2
Unit 3
Unit 4
Unit 5
