Salem, 97302
7 Bed
2 Bath
3242 SqFt
34 DOM
Built: 1976
$650,000
$650000
7 Bed
2 Bath
3242 SqFt
34 DOM
Built: 1976
Principal Broker
(503) 893-8874Investor special! Are you ready for an incoming producing, high cap rate, low maintenance investment? Look no further. This specially modified, commercially zoned property is the perfect place for any investor who is looking to expand their portfolio. This property is currently tenant occupied as a group home. Utilizing a property tax exemption and tenant-paid utilities, the financials are impeccable, offering over a 6% cap rate and a cash flowing investment. With modifications specified for group home living including an office, seven bedrooms, two full bathrooms, two living rooms, and a formal dining space, this investment property is plug and play. The exterior features six parking spaces and a large backyard, complete with a Trex deck and playing areas for children. Complete with solar panels for reduced tenant utilities, and a convenient Commercial St location, this is the whole package. Contact your local real estate agent for property financial details. Do not disturb tenants!!!
Listing Provided Courtesy of Tim Kaelin, Coldwell Banker Professional
734018806
SingleFamilyResidence
34 DOM
7
0.31 acres
2
3242
1976
Marion
582673
McKinley 6/10
Leslie 3/10
South Salem 6/10
Residential
SingleFamilyResidence
MOORES ADDITION, BLOCK 1, LOT 5 & FR 4, ACRES 0.31
Listing Provided Courtesy of Tim Kaelin, Coldwell Banker Professional
Krishna Realty data last checked: Jun 07, 2025 03:48 | Listing last modified May 28, 2025 12:19,
Source:
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0
3242
0
3242
Tax
3242
7
2
0
2
Composition
Stories1,CustomStyle
Driveway,ParkingPad
1
1976
No
T111Siding
CrawlSpace
CrawlSpace
ConcretePerimeter
BuiltinOven, Cooktop, Dishwasher, FreeStandingRefrigerator, Pantry, RangeHood
CeilingFan, HighCeilings, LaminateFlooring, Laundry, WalltoWallCarpet
Deck
HeatPump
ForcedAir
PublicSewer
Electricity, Gas
0
0
Cash,Conventional
04-24-2025
3800
No
No
34
44
Cash,Conventional
$650,000
$650,000
May 28, 2025 12:19
Listing courtesy of Coldwell Banker Professional.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Krishna Realty data last checked: Jun 07, 2025 03:48 | Listing last modified May 28, 2025 12:19.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Principal Broker
(503) 893-8874Investor special! Are you ready for an incoming producing, high cap rate, low maintenance investment? Look no further. This specially modified, commercially zoned property is the perfect place for any investor who is looking to expand their portfolio. This property is currently tenant occupied as a group home. Utilizing a property tax exemption and tenant-paid utilities, the financials are impeccable, offering over a 6% cap rate and a cash flowing investment. With modifications specified for group home living including an office, seven bedrooms, two full bathrooms, two living rooms, and a formal dining space, this investment property is plug and play. The exterior features six parking spaces and a large backyard, complete with a Trex deck and playing areas for children. Complete with solar panels for reduced tenant utilities, and a convenient Commercial St location, this is the whole package. Contact your local real estate agent for property financial details. Do not disturb tenants!!!
Download our Mobile app