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About the Listing 1235 - 18151
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.
Listing Highlights
Status
Active
Days on Site
10
Property Type
Residential
MLS ®
835824
Year Built
1926
Total Square Footage
2,348
Lot/Acreage
0.18
County
Marion
Building Name
18x14
Neighborhood
Englewood Addition
Area
20 CENTRAL SALEM
Elementary School
Englewood
Middle School
Parrish
High School
North Salem
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full / 1 Half
- Appliances: Yes, Microwave Included, Range Included
- Air Cond: 1/Main
- Heating: Gas,Central AC,Forced Air,Lower/Basement
- Fireplaces: Living Room,Gas
- Floor: Carpet,Vinyl,Wood,Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished
- Other:
- Water: City
Exterior Details
- Garage Capacity: 1 car
- Roof: Composition
- Others: Deck,Patio,Wood
- Sewer:
- Parking Features: Attached
Financial Details
- Tax Amount: $3,920
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
745 16th St NE Salem, OR 97301
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