Duplex! Excellent investment property with strong occupancy record and CAP rate. Great neighborhood and location in south Salem, convenient access to Commercial St. or Liberty Rd and I-5. Very clean and well maintained. Each single-level unit has spacious fully fenced yard, off-street parking w/attached garage. Possible low down FHA/VA financing w/owner occupancy of vacant unit supplemented by a great rental rate and revenue from long-term tenant in second unit. High tenant demand in queue for the next investor.
Sold
$450,000
425-427 Madrona Ave S, Salem, OR 97302
4beds
1,728sqft
Multi Family
Built in 1977
-- sqft lot
$477,700 Zestimate®
$260/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: March 14, 2024 at 08:52am
Listed by:
Gerald Furgala 281-701-6689,
Windermere Willamette Valley
Bought with:
OR and WA Non Rmls, NA
Non Rmls Broker
Source: RMLS (OR),MLS#: 24071805
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Appliances
- Included: Dishwasher, Disposal, Range, Refrigerator, Electric Water Heater, Tank Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 1,728
- Total interior livable area: 1,728 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 1
- Has view: Yes
- View description: Territorial
Lot
- Size: 8,712 sqft
- Features: SqFt 7000 to 9999
Details
- Parcel number: 572770
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Stem Wall
- Roof: Composition
Condition
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 1489
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Concrete
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$477,700
2% more+$9,554
With Zillow Showcase(estimated)$487,254