‘Solid Owner Occupant or Investment opportunity in NE Salem! This well maintained 4-Plex offers a great price point, rental upside & (1) Vacant downstairs unit ready for an owner occupant or Market rate tenant. All units are 2 bed/1 bath/916 SF with large bedrooms, large laundry area & 1 car garage. 10% rent increases have been issued and take effect on May 1, 2025. Owner pays Water/Sewer/Garbage. Long term owner & stable rental history. Roof replaced in 2013. Sale Fail due to Buyer financing.’
Listing Provided Courtesy of Jordan Sparks, SMI Commercial Real Estate LLC
General Information
662387526
68
DOM
8
10018.8 SqFt
4
3664
1978
RM
Marion
558422
Lamb 4/10
Stephens 5/10
McKay 5/10
MultiFamily
POLARIS ESTATES, BLOCK 2, LOT 7, ACRES 0.232
Listing Provided Courtesy of Jordan Sparks, SMI Commercial Real Estate LLC
Krishna Realty data last checked: Jun 07, 2025 15:59 | Listing last modified Apr 07, 2025 13:51,
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Residence Information
3664
8
4
Composition
4,
Garage
2
1978
No
WoodSiding
Features and Utilities
None
Electricity
Baseboard, Zoned
PublicSewer
Electricity
Electricity
Financial
5538.6
None
Cash,Conventional,FHA,VALoan
01-29-2025
No
No
Comparable Information
68
129
Cash,Conventional,FHA,VALoan
$735,000
$695,000
Apr 07, 2025 13:51
Schools
public Elementary : Lamb
4/10Ratingspublic Middle : Stephens
5/10Ratingspublic High : McKay
5/10Ratings
Map
Listing courtesy of SMI Commercial Real Estate LLC.
‘Solid Owner Occupant or Investment opportunity in NE Salem! This well maintained 4-Plex offers a great price point, rental upside & (1) Vacant downstairs unit ready for an owner occupant or Market rate tenant. All units are 2 bed/1 bath/916 SF with large bedrooms, large laundry area & 1 car garage. 10% rent increases have been issued and take effect on May 1, 2025. Owner pays Water/Sewer/Garbage. Long term owner & stable rental history. Roof replaced in 2013. Sale Fail due to Buyer financing.’
