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About the Listing 1566 - 9998,14189
Turn-key eight-unit multifamily investment in Southeast Salem, comprised of two separate one-story four-unit buildings on individual tax lots. Built in 1978 and extensively rehabilitated in 2018–2019 with over $240,000 in capital improvements, the property is in excellent condition throughout. Recent upgrades include roofing, siding, parking, landscaping, interiors, and appliances. Professionally managed with coin-operated laundry, seven on-site parking spaces, landscaped grounds with irrigation, and separately metered electric utilities. Strong in-place operations with upside potential to increase NOI.
Listing Highlights
Status
Active
Days on Site
10
Property Type
Multi-Family
MLS ®
837869
Year Built
1978
Total Square Footage
4,080
Lot/Acreage
0.28
County
Marion
Building Name
Lee Street Apartments
Neighborhood
Simpson Add
Area
20 CENTRAL SALEM
Elementary School
Richmond
Middle School
Leslie
High School
South Salem
Interior Details
- Bedrooms: 8
- Bathrooms: 8 Full
- Appliances: Electric, Range Included, Refrigerator Included
- Air Cond:
- Heating:
- Fireplaces:
- Floor: Luxury Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City
Exterior Details
- Lot Description: Dimension Above,Yes
- Garage Capacity: N/A
- Lot Dimensions: 103 X 120
- Roof: Composition
- Others: Shingle,Wood,T111,Lap
- Sewer: City
Financial Details
- Tax Amount: $8,600
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
2585 & 2595 Lee St SE Salem, OR 97301
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