Bought with Cadwell Realty Group
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3892 WARD DR Salem, OR 97305
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Key Details
Sold Price $1,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,048 sqft
Price per Sqft $154
MLS Listing ID 20601195
Sold Date 01/29/21
Year Built 1997
Annual Tax Amount $1,570
Tax Year 2019
Property Description
Listing includes 2 properties. 1.) Fully rented 8Plex with 7 3/1.5 units & 1 2/1.5 unit on .42 acres. 2.) 2/1, 788 sqft house on .23 acres which is zoned for up to 6 units. 8plex and House currently have a cap rate of 6%. Great potential to demo house and build a 6plex for a total of 14 units. 8 Plex is also listed separately for $1,400,000, see MLS# 20449370 . Please do not disturb tenants.
Location
State OR
County Marion
Area _176
Zoning RM
Rooms
Basement Crawl Space
Interior
Heating Zoned
Exterior
Roof Type Composition
Garage No
Building
Lot Description Level, On Busline
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Yoshikai
Middle Schools Stephens
High Schools Mckay
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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