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 over 7% CAP on actuals, and 8% pro-forma with some rent upside. Units have been well-maintained inside and out, including common-area landscaping and recent roof maintenance. Separate 4-car garage offers covered parking/storage. Tucked in between Lancaster and I5 for easy commuting.
Off market
$655,000
3660-3666 State St, Salem, OR 97317
--beds
4baths
3,988sqft
Multi Family
Built in 1977
-- sqft lot
$655,000 Zestimate®
$164/sqft
$2,335 Estimated rent
What's special
Zillow last checked: 7 hours ago
Source: John L Scott Real Estate,MLS#: 813345
Facts & features
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$655,000
2% more+ $13,100
With Zillow Showcase(estimated)
$668,100