Charming detached 4-unit multifamily property ideally situated near downtown Salem, public transit, and local colleges. Each spacious unit features 1 bedroom, 1 bathroom, private entrance, individual electric meter, and separate water heater, offering tenants privacy and convenience. The building underwent a major remodel and partial rebuild in the early 1990s with ongoing updates, including newer water heaters, fresh flooring throughout, and a roof with an estimated 30-year remaining lifespan per 2022 inspection. Residents enjoy dedicated off-street parking, on-site coin-operated laundry, and a fully fenced backyard courtyard. Excellent investment opportunity with potential to assume an attractive 2.75% FHA loan (buyer to verify with lender). Showings available upon accepted offer. Seller is related to listing agent.
Listing Provided Courtesy of Joe Skipper, eXp Realty, LLC
General Information
245194097
201
DOM
4
5662.8 SqFt
4
2282
1925
RM2
Marion
583175
Richmond 2/10
Leslie
South Salem
MultiFamily
J MYERS ADD SALEM LOT 6 BLK 2
Listing Provided Courtesy of Joe Skipper, eXp Realty, LLC
Krishna Realty data last checked: Feb 22, 2026 00:09 | Listing last modified Feb 22, 2026 00:12,
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Residence Information
2282
4
4
Composition
OffStreet,OnStreet
2
1925
No
WoodSiding
Features and Utilities
None
Electricity
WallHeater
PublicSewer
Electricity
Electricity
Financial
3376.13
0
TrashCollection,Water
Assumable,Cash,Conventional,FHA,VALoan
08-05-2025
No
No
Comparable Information
201
201
Assumable,Cash,Conventional,FHA,VALoan
$625,000
$575,000
Feb 22, 2026 00:12
Schools
public Elementary : Richmond
2/10Ratings Middle : Leslie N/ARatings High : South SalemN/ARatings
Charming detached 4-unit multifamily property ideally situated near downtown Salem, public transit, and local colleges. Each spacious unit features 1 bedroom, 1 bathroom, private entrance, individual electric meter, and separate water heater, offering tenants privacy and convenience. The building underwent a major remodel and partial rebuild in the early 1990s with ongoing updates, including newer water heaters, fresh flooring throughout, and a roof with an estimated 30-year remaining lifespan per 2022 inspection. Residents enjoy dedicated off-street parking, on-site coin-operated laundry, and a fully fenced backyard courtyard. Excellent investment opportunity with potential to assume an attractive 2.75% FHA loan (buyer to verify with lender). Showings available upon accepted offer. Seller is related to listing agent.
