Multi-Family for Sale: 4434 LANCASTER DR, Salem, OR 97305

3,591 sqft
$725,000
$725,000
4434 LANCASTER DR, Salem, OR 97305
3,591 sqft
$725,000
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Price:
$725,000
$24,900 - 07/26/2024
Est. payment: Skip to Mortgage Calculator

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Type Multi-Family
Square Feet 3,591 sqft
Lot Size 0.31 acres
Year Built 1964
Taxes Paid $4,475
City Salem
Area 176 - Marion Co: East Salem N
County Marion
School District Mc Kay
MLS 24172729
Status Active
DOM 136 days
Amazing investment opportunity in Salem!Fully rented with good tenants on this 4-plex investment!Conveniently located near shops, college, and bus lines!New roof in 2019 and exterior touch ups! New coin operated laundry installed onsite for extra revenue. Below market rents! Great %5.67 cap rate on this investment and pro forma %7.19 w/ plenty of value to take it to the next level!

Lot & Building Features

Heating Baseboard
Parking Description Paved
Sewer Public Sewer
Water Public Water
Water Heater Gas

Community and Schools

Elementary School Hayesville
Junior High School Stephens
Senior High School Mc Kay

Unit Features

Unit Type 1 Actual Rent 1150
Unit Type 1 Area 897
Unit Type 1 Baths Total 1
Unit Type 1 Beds Total 2
Unit Type 1 Features Range, Refrigerator
Unit Type 1 Units Total 1
Unit Type 2 Actual Rent 919
Unit Type 2 Area 897
Unit Type 2 Baths Total 1
Unit Type 2 Beds Total 2
Unit Type 2 Features Range, Refrigerator
Unit Type 2 Units Total 1
Unit Type 3 Actual Rent 919
Unit Type 3 Area 897
Unit Type 3 Baths Total 1
Unit Type 3 Beds Total 2
Unit Type 3 Features Range, Refrigerator
Unit Type 3 Units Total 1
Unit Type 4 Actual Rent 1064
Unit Type 4 Area 897
Unit Type 4 Baths Total 1
Unit Type 4 Beds Total 2
Unit Type 4 Features Range, Refrigerator
Unit Type 4 Units Total 1

Price History of 4434 LANCASTER DR, Salem, OR

Date Name Price Difference
07/26/2024 Price Adjustment $725,000 3.32%
04/24/2024 Listing Price $749,900 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Bob Blades
Bob Blades
REALTOR, Managing Broker
Direct: 541-490-0690
Office
65 NE Estes
White Salmon, WA 98672
509-493-1783
Listed by HomeSmart Realty Group, Shareef Hagag
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0.61730206896552%
6.75%
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4434 LANCASTER DR (MLS #24172729) is a multi-family listing located in Salem, OR. This multi-family listing is 3,591 sqft and on a lot of 13,503 sqft (or 0.31 acres) and is 60 years old. This property was listed on 04/24/2024 and has been priced for sale at $725,000.

Nearby zip codes are 97020, 97301, 97303, 97317 and 97477. This property neighbors other cities such as Donald, Keizer and Springfield.

RMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: HomeSmart Realty Group

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS. of Portland, Oregon. Real estate listings held by brokerage firms other than Pacific Rim Brokers are marked with the RMLS. logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS., Portland, Oregon.