4 plex investor opportunity in central Salem with potential to assume FHA mortgage at 2.75%! This detached 4-plex offers four 1-bedroom, 1-bath units—each with its own private entrance, electric meter, and water heater. The original home was extensively remodeled and partially rebuilt in 1990–91, blending character with modern updates. Recent improvements include a newer roof (approx. 5–10 years old), updated water heaters, new flooring, and ongoing maintenance that shows pride of ownership.
Listing Provided Courtesy of Joe Skipper, eXp Realty, LLC
General Information
245194097
48
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: Sep 22, 2025 06:43 | Listing last modified Sep 22, 2025 01:16,
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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
48
48
Assumable,Cash,Conventional,FHA,VALoan
$625,000
$600,000
Sep 22, 2025 01:16
Schools
public Elementary : Richmond
2/10Ratings Middle : Leslie N/ARatings High : South SalemN/ARatings
4 plex investor opportunity in central Salem with potential to assume FHA mortgage at 2.75%! This detached 4-plex offers four 1-bedroom, 1-bath units—each with its own private entrance, electric meter, and water heater. The original home was extensively remodeled and partially rebuilt in 1990–91, blending character with modern updates. Recent improvements include a newer roof (approx. 5–10 years old), updated water heaters, new flooring, and ongoing maintenance that shows pride of ownership.
