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Listed by NEIL NELSON • PREMIERE PROPERTY GROUP, LLC ALBANY • 503-444-1070

$ 465,000

Est. payment -/mo

Save

Active

745 16th St NE NE Salem, OR 97301

4 Beds

2.5 Baths

2,348 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,348 sqft

Price per Sqft $198

Subdivision Englewood Addition

MLS Listing ID 835824

Bedrooms 4

Full Baths 2

Half Baths 1

Year Built 1926

Annual Tax Amount $3,920

Tax Year 2025

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type Residence

Property Description

Turnkey investment with instant cash flow upon closing! This 4 bed, 2.5 bath has room for everyone. Great renters with a lease until July 2026. This well maintained beauty has hardwood floors, new appliances, waterproofed basement with lifetime warranty, and new wall insulation. The huge back yard has excellent ADU potential with pre-approved plans from the city, convenient alley access, and easily accessible utilities. Cap rate 6.2%, GRM 13.1. Tenant occupied. Do not disturb tenants. Offer subject to interior inspection.

Location

State OR

County Marion

Area 20 Central Salem

Rooms

Family Room 20x15

Basement Finished

Primary Bedroom Level 1/Main

Dining Room Formal

Kitchen 21x20

Interior

Heating Gas, Central AC, Forced Air

Cooling Gas, Central AC, Forced Air

Flooring Carpet, Tile, Vinyl, Wood

Fireplaces Type Living Room, Gas

Inclusions Washer, Dryer, Refrigerator, Dishwasher, Range

Exterior

Parking Features Attached

Garage Spaces 1.0

Roof Type Composition

Garage Yes

Building

Foundation Continuous

New Construction No

Schools

Middle Schools Parrish

High Schools North Salem