Sold for $1,075,000

Listed by: Smi Real Estate

Bought with: Coldwell Bnkr/Commercial Div

$1,075,000

1416 D St NE, Salem, OR 97301

15beds

8baths

6,940sqft

Multi Family

Built in 1970

-- sqft lot

$1,191,200 Zestimate^®

$155/sqft

$1,040 Estimated rent

Home value

$1,191,200

$1.08M - $1.31M

$1,040/mo

Zestimate^® history

Owner options

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$1,040/mo

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$1,040/mo

Rent Zestimate^®

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$5,270/mo

Est. payment

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$5,270/mo

Est. payment

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What's special

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 5.76 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

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 15
Bathrooms: 8

Appliances

Laundry: Common Area

Features

Has fireplace: No

Interior area

Total structure area: 6,940
Total interior livable area: 6,940 sqft

Property

Features

Exterior features: Taupe

Lot

Size: 0.32 Acres
Features: Irrigation System, Landscaped

Details

Zoning: RM2

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

T111
Roof: Composition

Condition

New construction: No
Year built: 1970

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & neighborhood

Location

Region: Salem

Other

Other facts

Listing agreement: Exclusive Right To Sell
Price range: $1.1M - $1.1M
Listing terms: Cash,Conventional,1031 Exchange

Price history

Date	Event	Price
7/12/2024	Sold	$1,075,000-6.5%$155/sqft
Source: WVMLS #809323 Report a problem
7/1/2024	Listing removed	--
Source: WVMLS #809323 Report a problem
6/13/2024	Contingent	$1,150,000$166/sqft
Source: WVMLS #809323 Report a problem
5/28/2024	Price change	$1,150,000-8%$166/sqft
Source: WVMLS #809323 Report a problem
4/4/2024	Price change	$1,250,000-3.8%$180/sqft
Source: WVMLS #809323 Report a problem
1/24/2024	Listed for sale	$1,300,000$187/sqft
Source: WVMLS #809323 Report a problem
1/1/2024	Listing removed	--
Source: WVMLS #809323 Report a problem
10/26/2023	Contingent	$1,300,000$187/sqft
Source: WVMLS #809323 Report a problem
9/8/2023	Listed for sale	$1,300,000+217.1%$187/sqft
Source: WVMLS #809323 Report a problem
8/26/2016	Listing removed	$750+15.4%
Source: Crown Property Management, Inc. Report a problem
8/2/2013	Listing removed	$650
Source: Zillow Rental Network Report a problem
6/6/2013	Listed for rent	$650
Source: Zillow Rental Network Report a problem
12/31/2012	Sold	$410,000$59/sqft
Source: RMLS (OR) #12133108 Report a problem