Bought with eXp Realty, LLC
$595,000
$650,000
8.5%For more information regarding the value of a property, please contact us for a free consultation.
3,064 SqFt
SOLD DATE : 09/08/2026
Key Details
Sold Price $595,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,064 sqft
Price per Sqft $194
Subdivision Morningside
MLS Listing ID 177256462
Sold Date 09/08/26
Year Built 1963
Annual Tax Amount $5,708
Lot Size 0.330 Acres
Property Description
Great investment opportunity, whether you are growing your portfolio or just getting started. Numerous updates such as electric panels, water heaters and more. Roof 2016. Attractive gated vinyl privacy fencing for each patio area! Each unit pays their own electric. All month-to-month, in good standing. Rents under market! No rent increases done since 2022. Onsite coin-op laundry. 2 units have W/D hookups, other 2 units use shared onsite coin-op laundry room. Each unit included 2 parking spots for tenants. Additional storage sheds on property. Lots of open play area. 2 of the units now available as of May! Located in a quiet, well-kept, area. Desirable South Salem neighborhood.
Location
State OR
County Marion
Community Commons, Laundry
Area _173
Zoning RM2
Rooms
Basement Crawl Space
Interior
Heating Baseboard
Exterior
Community Features Commons, Laundry
Roof Type Composition
Garage No
Building
Lot Description Level
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Morningside
Middle Schools Leslie
High Schools South Salem
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
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Broker License ID: 201235300