745 NE 16TH ST

Salem, 97301

  • 4 Bed

  • 2.5 Bath

  • 2378 SqFt

  • 21 DOM

  • Built: 1926

  • Status: Active

$465,000

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745 NE 16TH ST

Salem 97301

$465000

  • 4 Bed

  • 2.5 Bath

  • 2378 SqFt

  • 21 DOM

  • Built: 1926

  • Status: Active

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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