Rare Fourplex Investment Opportunity in Salem! This villa-style multifamily complex features two 2/1 units and two 3/1 units for a total of 10 beds across all 4 units. Complex is currently fully-rented at market rate with 7.71% CAP on actuals, and 8.61% pro-forma based on 10% increase in global rents. Separate 4-car garage offers covered parking/storage. Tucked in between Lancaster and I5 for easy commuting.
Sold for $725,000
Listed by:
ALEX MCCARTHY 541-514-1779,
John L. Scott-Salem
Bought with: Smi Real Estate
$725,000
3660 State St, Salem, OR 97301
10beds
4baths
3,988sqft
Quadruplex
Built in 1977
-- sqft lot
$792,300 Zestimate®
$182/sqft
$1,750 Estimated rent
Home value
$792,300
$737,000 - $856,000
$1,750/mo
Zestimate® history
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$1,750/mo
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$4,393/mo
Est. payment
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: June 11, 2024 at 09:13pm
Listed by:
ALEX MCCARTHY 541-514-1779,
John L. Scott-Salem
Bought with:
Trevor Howard
Smi Real Estate
Source: WVMLS,MLS#: 813345
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
Features
- Has fireplace: No
Interior area
- Total structure area: 3,988
- Total interior livable area: 3,988 sqft
Property
Parking
- Parking features: Garage/1
Features
- Exterior features: Green
Lot
- Size: 0.32 Acres
Details
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1977
Community & neighborhood
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 5560
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Price range: $725K - $725K
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2024 | Sold | $725,000$182/sqft |
Source:  WVMLS #813345 Report a problem | ||
| 6/4/2024 | Pending sale | $725,000$182/sqft |
Source: WVMLS #813345 Report a problem | ||
| 5/2/2024 | Contingent | $725,000$182/sqft |
Source: WVMLS #813345 Report a problem | ||
| 5/2/2024 | Pending sale | $725,000$182/sqft |
Source:  RMLS (OR) #24246411 Report a problem | ||
| 4/23/2024 | Price change | $725,000-14.7%$182/sqft |
Source: RMLS (OR) #24246411 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Southeast Salem
Nearby schools
GreatSchools rating
- 3/10Four Corners Elementary SchoolGrades: K-5Distance: 0.6 mi
- 1/10Houck Middle SchoolGrades: 6-8Distance: 1.1 mi
- 4/10North Salem High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Four Corners
- Middle: Houck
- High: South Salem
Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$792,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$792,300
- Oregon
- Marion County
- Salem
- 97301
- Southeast Salem
- 3660 State St