Turnkey Investment Opportunity – 4 Duplexes (8 Units) in Prime Salem Location
Excellent opportunity to own four duplexes totaling eight 1,100 sq ft units, each offering 2 bedrooms, 2 bathrooms, and a 1-car garage. Ideally located in the heart of Salem on a high-traffic road, this property combines strong visibility with consistent demand. Four units have road frontage on S. McArthur Street, and four units have road frontage on S. Henderson Street, all sharing a common entrance off Dent Street, providing excellent access and circulation.
Currently, four units are occupied by long-term tenants, while the remaining four units operate as successful short-term rentals with Super-host status on Airbnb. These short-term rentals enjoy strong, repeat annual occupancy from Road Rally participants and spectators, as well as fishermen, hunters, hikers, kayakers, and river adventurers. The property is also frequently utilized by contractors working with nearby mines and other large employers, further strengthening year-round demand.
All units are equipped with refrigerators, stove, dishwasher, microwave with exhaust fan, and washer/dryer hookups in the laundry room. The Airbnb units are fully furnished, include washers and dryers, and are networked for wireless internet, allowing for seamless short-term rental operations.
The location is exceptional—close to shopping, dining, and everyday necessities. The S. McArthur Street units provide front-row views of Salem’s holiday parades, creating added appeal for short-term guests. This central location makes the property ideal for Airbnb/VRBO guests and long-term tenants alike.
Low-maintenance and income-producing, this property is a rare opportunity to own a diversified, turnkey investment in a high-demand area.
Active
Listed by: Elwood Real Estate LLC • Ahleesha T Elwood • 573-247-1665
$1,200,000
400 S McArthur St, Salem, MO 65560
2beds
2baths
1,158sqft
Multi Family, Apartment
Built in 2011
-- sqft lot
$-- Zestimate®
$1,036/sqft
$-- HOA
What's special
Networked for wireless internet
- 168 days
- 66
- 3
Zillow last checked:
Listing updated:
Listed by:
Ahleesha T Elwood 573-247-1665,
Elwood Real Estate LLC
Source: MARIS,MLS#: 26015177
Originating MLS: South Central Board of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Electric, Forced Air, Heat Pump
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Electric Range, Refrigerator, Washer/Dryer, Electric Water Heater
- Laundry: Electric Dryer Hookup, Inside, Laundry Room, In Unit, Washer Hookup
Features
- Flooring: Carpet, Concrete, Laminate, Luxury Vinyl
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,158
- Total interior livable area: 1,158 sqft
- Finished area above ground: 1,158
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Garage, Garage Door Opener, Off Street
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: One
- Fencing: None
Lot
- Size: 0.85 Acres
- Features: City Lot, Corner Lot, Front Yard
Details
- Parcel number: 086.013454001.000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Apartment Style
- Property subtype: Multi Family, Apartment
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Architectural Shingle
Condition
- Year built: 2011
Utilities & green energy
- Electric: Single Phase, 220 Volts
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Dents South Add
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Price per square foot: $1,036/sqft
- Tax assessed value: $539,100
- Annual tax amount: $8,582
- Date on market: 3/16/2026
- Cumulative days on market: 168 days
- Listing terms: Cash,Conventional
- Inclusions: Other - Contact Agent, Personal Property
- Ownership: Private
- Electric utility on property: Yes
- Road surface type: Asphalt, Gravel
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/16/2026 | Listed for sale | $1,200,000+84.6%$1,036/sqft |
Source: | ||
| 7/1/2020 | Listing removed | $650,000$561/sqft |
Source: Elwood Real Estate LLC #18095717 Report a problem | ||
| 3/3/2018 | Listed for sale | $650,000$561/sqft |
Source: Elwood Real Estate LLC #18095717 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,582 +4.3% | $137,380 |
| 2024 | $8,230 +0.3% | $137,380 |
| 2023 | $8,207 +0% | $137,380 |
| 2022 | $8,206 | $137,380 +34.2% |
| 2021 | -- | $102,400 |
| 2020 | -- | $102,400 +5% |
| 2017 | -- | $97,480 +0.6% |
| 2016 | -- | $96,930 |
| 2015 | -- | $96,930 |
| 2014 | -- | $96,930 |
| 2013 | -- | $96,930 |
| 2011 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 65560
Nearby schools
Schools provided by the listing agent
- Elementary: Salem Upper Elem.
- Middle: Salem Jr. High
- High: Salem Sr. High
Source: MARIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.



