1229 NW EIGHTH ST Salem, OR97304
$1,180,000
6 total units
12 total bedrooms
12 total bathrooms
$55,391 annual income
Capitilization Rate: 5.93
7244 total sq. ft
10,000 to 14,999 SqFt
Elementary School: Harritt
Middle School: Walker
High School: West Salem
Zoning: RM
1088 days on market
VestorFilter™
Price per unit$196.7K/unit
Price per ft²$162.88/ft²
Price per acre$5.02M/ac
Price per bedroom$98.3K/bed
Time on market1088 days
Property Description
Well maintained Income producing 6plex 7244sf Located in W. Salem. Fully Occupied w/Stable long term tenants, rents current. rents shown in listing rents reflect rent increase notified and effective for June. new roof in 2017, 6 units 1200sq ft ea. 2 bed 1.5 bath. 9 carport spaces 1 ea +3 extra. units are cleaned and painted between tenants. Desirable large units with grass area in front in a neighborhood setting
{{ compliance-logo }}Listing Provided By Cheddar Realty LLC
Financial Data
Date Sold2021-06-30
Sold Price$1,180,000
Original Price$1,150,000
Current Price$1,180,000
Property Taxes$7,191
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Home Facts
StatusSold
Year Built1994
Green/Energy SupplementNo
Exterior Features
MLS ID21527739
Unit Details
Unit 1
Unit 2
Unit 3
Unit 4
Unit 5
Unit 6
