Address
4330 WARD PL Salem, OR
Price
$ 1,400,000
Property Attributes
  • MLS#20449370
  • TypePending
  • CountyMARION
  • CitySalem
  • AreaMarion Co - East Salem N
  • Zip97305
  • Style
  • Year Built1997
  • Taxes5974
  • Price$ 1,400,000
  • Bedrooms5
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage9048
Listing Provided Courtesy Of:
Coldwell Banker Mountain West
Property Description

Fully rented 8 Plex with 7 3/1.5 units & 1 2/1.5 unit on .42 acres. 7 units rented at $1,095 & 1 unit rented at $1400. Gross scheduled income = $108,780 | Net Operating Income = $85,972 | 6.1% Cap Rate. Property next door is for sale for $200k at 3892 Ward Pl. which is zoned for 6plex. Actual & Projected financials available. Please do not disturb tenants

Elementary School Middle School High School
Yoshikai Elementary School Stephens Middle School McKay High School
Price History
11/24/2020 Listed $1,400,000

General Features

Heating Zoned
MLS Area Marion Co: East Salem N
Property Type Multi Family
Roof Composition
Sewer Public Sewer
Terms Cash, Conventional
Total Units 8
Video Tour Y/N No
Zoning RM

Interior Features

Fueldescription Electricity
Hot Water Electricity
Sqftapproximatebuildingtotal 9048
Unit 1 Baths Total 2
Unit 2 Baths Total 2
Unit 2 Beds Total 2
Unit Features Dishwasher, Range, Refrigerator, Washer/Dryer Hookup
Unittype1sqft 1082
Unittype1unitstotal 7
Unittype2sqft 1500
Unittype2unitstotal 1

Exterior Features

Exterior Description T-111 Siding
Foundation Details Concrete Perimeter
Lot Features On Busline, Level
Lot Size 10, 000 to 14, 999 SqFt
View Y/N No
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 97305

Price
AVG $420K
$1.4M
Taxes
AVG $2,732
$5,974
Visits
AVG 31
33
Year Built
AVG 2006
1997

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