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Listed by KENNETH MARSHALL • VINTAGE REALTY NORTHWEST • 541-754-7314
$559,000
Est. payment /mo
3 BD
4 BA
2,149 SqFt
Price Dropped by $21K
190 14th St SE SE Salem, OR 97301
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UPDATED:
01/18/2025 07:28 PM
Key Details
Property Type Multi-Family
Sub Type 4-Plex
Listing Status Active
Purchase Type For Sale
Square Footage 2,149 sqft
Price per Sqft $260
MLS Listing ID 823472
Bedrooms 3
Year Built 1956
Annual Tax Amount $3,082
Lot Size 7,405 Sqft
Acres 0.17
Property Description
One Tenant leases all four renovated units and pays sewer/water, and common area electric. 6.9 CAP! Older architecturally beautiful home converted to apartments decades ago. Near Salem Hospital, Willamette University, Capitol buildings, downtown. Over $50,000 in recent upgrades. Property consists of 2 legal parcels being consolidated, making the structure conforming. Final recording of approved plat expected by 1/1/25. 500-year and 100-year flood plain. County build date of 1956 not guaranteed by Seller. Building looks closer to early 1900's. Laundry is available to all tenants, costs absorbed by Master tenant. Professionally managed now, but easy to manage for savvy investor. Shown with accepted offer. Some units may be available to show upon turnover of short term rentals.
Location
State OR
County Marion
Area 20 Central Salem
Rooms
Basement Unfinished
Interior
Hot Water Electric
Heating Electric
Flooring Carpet, Laminate, Vinyl
Laundry Laundry Center
Exterior
Fence Partial
Roof Type Composition
Building
Foundation Continuous
Sewer City
Water City
New Construction No
Schools
Elementary Schools Bush
Middle Schools Leslie
High Schools South Salem
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
