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.
Listing Provided Courtesy of Joe Skipper, eXp Realty, LLC
General Information
245194097
163
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: Jan 15, 2026 21:38 | Listing last modified Jan 15, 2026 00:20,
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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
163
163
Assumable,Cash,Conventional,FHA,VALoan
$625,000
$575,000
Jan 15, 2026 00:20
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.
