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Listed by CORE, Realtors
Bought with Non Rmls Broker
Bought with Non Rmls Broker
$960,000
$960,000
Est. payment /mo
4,800 SqFt
Sold on 07/01/2025
1710 CAPITOL ST NE Salem, OR 97301
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Key Details
Sold Price $960,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $200
MLS Listing ID 695518904
Sold Date 07/01/25
Year Built 1930
Annual Tax Amount $5,713
Tax Year 2024
Lot Size 3,484 Sqft
Property Description
Seller Financing: 10% down; 4% I/O for 7 years. Excellent solid investment 6-plex in the heart of Salem. Central location. 6 units all rented on month to month. No deferred maintenance. Newer electrical, plumbing, water lines, and appliances. Roof in excellent condition. Units have ceiling fans, hardwood floors. Some units recently remodeled. The property was awarded Most Improved Property of the year in the Salem area. With a cash offer, Seller will do a 1031 Exchange. Coin-op laundry provides extra income.Annual gross income $64,920. Annual Expenses $15,432 (23% of AG) 5.2 CAP. Access to property only with an accepted offer.
Location
State OR
County Marion
Community Alllandscaping, Laundry
Area _174
Zoning RM2
Rooms
Basement Full Basement
Interior
Heating Wall Heater
Exterior
Community Features AllLandscaping, Laundry
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Grant
Middle Schools Parrish
High Schools North Salem
Others
Acceptable Financing Cash, Conventional, OwnerWillCarry
Listing Terms Cash, Conventional, OwnerWillCarry
