581 Highland Ave

Salem, OR 97301
  • $535,000

    Price
  • 3

    Bed
  • 3

    Bath
  • 0

    SqFt

About the Listing BREP01 - BIVENSMI

Calling all investors—don’t miss this exceptional three-unit multifamily opportunity. This property is ideal for investors looking to expand their portfolio or for an owner-occupant who wants to live in one unit while renting out the other two.All units have been renovated, and the building is fully occupied. The seller currently resides in one unit, with the remaining two secured by leases. Located on a quiet, tree-lined street, the property offers a peaceful and desirable setting.Whether you’re adding to an existing portfolio or purchasing your first investment property, this one delivers. The numbers are strong, with an actual cap rate exceeding 6%.Please submit offers contingent upon a walkthrough. Kindly do not disturb the tenants or walk the property.

Listing Highlights

Status Active
Days on Site 2
Property Type Multi-Family
MLS ® 487660105
Year Built 1937
Total Square Footage 0
Lot/Acreage 0.08
County Marion
Elementary School Hammond
Middle School Parrish
High School North Salem

Interior Details

  • Bedrooms: 3
  • Bathrooms: 3 Full
  • Appliances:
  • Air Cond:
  • Heating: Wall Furnace
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water: Public Water

Exterior Details

  • Lot Description: Level,Trees
  • Garage Capacity: N/A
  • Zoning: RS
  • Roof: Composition
  • Others: Updated/Remodeled
  • Sewer: Public Sewer
  • Parking Features: On Street

Financial Details

  • Tax Amount: $4,050
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 577112
  • Tax Year: N/A

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Questions About..

581 Highland Ave Salem, OR 97301

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Originating MLS: Regional Multiple Listing Service, Inc.

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