745 NE 16TH ST

Salem, 97301

  • 4 Bed

  • 2.5 Bath

  • 2378 SqFt

  • 1 DOM

  • Built: 1926

  • Status: Active

$465,000

X

745 NE 16TH ST

Salem 97301

$465000

  • 4 Bed

  • 2.5 Bath

  • 2378 SqFt

  • 1 DOM

  • Built: 1926

  • Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

Turnkey investment with instant cash flow upon closing! This 4 bed, 2.5 bath has room for everyone. Great renters with a lease until July 2026. This well maintained beauty has hardwood floors, new appliances, waterproofed basement with lifetime warranty, and new wall insulation. The huge back yard has excellent ADU potential with pre-approved plans from the city, convenient alley access, and easily accessible utilities. Cap rate 6.2%, GRM 13.1. Tenant occupied. Do not disturb tenants. Offer contingent upon interior inspection.

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Residence Information

  • 480

  • 980

  • 918

  • 2378

  • Floor Plan

  • 1460

  • 1/Gas

  • 4

  • 2

  • 1

  • 2.5

  • Composition

  • 1, Attached

  • Bungalow

  • Driveway,RVAccessPar

  • 3

  • 1926

  • No

  • WoodSiding

  • Finished,FullBasement

  • RVParking,RVBoatStorage

  • Finished,FullBasemen

  • ConcretePerimeter

  • VinylFrames

Features and Utilities

  • Dishwasher, Disposal, FreeStandingRange, FreeStandingRefrigerator, Microwave

  • HardwoodFloors, Laundry, WasherDryer

  • Deck, Fenced, FirePit, Patio, Porch, RVParking, RVBoatStorage, ToolShed, Workshop, Yard

  • CentralAir

  • Gas

  • ForcedAir

  • PublicSewer

  • Gas

  • Gas

Financial

  • 3920.29

  • 0

  • Cash,Conventional,FHA,VALoan

  • 12-04-2025

  • 2950

  • No

  • No

Comparable Information

  • 1

  • 1

  • Cash,Conventional,FHA,VALoan

  • $465,000

  • $465,000

  • Dec 04, 2025 16:07

Schools

public Elementary : Englewood 7/10 Ratings
public Middle : Parrish 4/10 Ratings
public High : North Salem 4/10 Ratings

Map

Listing courtesy of Premiere Property Group, LLC.

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: Dec 05, 2025 08:52 | Listing last modified Dec 04, 2025 16:07. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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