$1,025,000

Estimated payment $6,355/month

Total Views 2,676
10 Beds
7.5 Baths
6,330 Sq Ft
$162 Price per Sq Ft

Highlights

  • Mountain View
  • Living Room with Fireplace
  • Landscaped
  • Deck
  • Patio
  • Baseboard Heating

About This Home

Turn-key 5-plex in a prime West Salem location, offered at a 6.5% cap rate. Each unit features 2 bedrooms, 1.5 baths, in-unit laundry, and covered parking—ideal for attracting quality, long-term tenants. Built in 1977 with a history of low vacancy and strong performance. Close to downtown, shopping, hospitals, and major commute routes. Steady cash flow and long-term appreciation makes this a smart addition to your portfolio. Call with questions, invest in your future!

Listing Agent

George Michael Wright

RE/MAX INTEGRITY - SALEM License #201224359

RE/MAX INTEGRITY - SALEM

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,742

Year Built

  • Built in 1977

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 78'x183'
  • Landscaped
  • Irregular Lot

Property Views

  • Mountain
  • Territorial

Home Design

  • Metal Roof
  • Wood Siding
  • T111 Siding

Interior Spaces

  • 6,330 Sq Ft Home
  • Living Room with Fireplace
  • Dining Area
  • Finished Basement
  • Natural lighting in basement
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7.5 Bathrooms

Outdoor Features

  • Deck
  • Patio

Schools

  • Harritt Elementary School
  • Walker Middle School
  • West Salem High School

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 3404

Community Details

Overview

  • 5 Units
  • 1214 1224 Dorval Subdivision

Building Details

  • Maintenance Expense $896
  • Water Sewer Expense $5,945

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,742

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Turn-key 5-plex in a prime West Salem location, offered at a 6.5% cap rate. Each unit features 2 bedrooms, 1.5 baths, in-unit laundry, and covered parking—ideal for attracting quality, long-term tenants. Built in 1977 with a history of low vacancy and strong performance. Close to downtown, shopping, hospitals, and major commute routes. Steady cash flow and long-term appreciation makes this a smart addition to your portfolio. Call with questions, invest in your future!
  • Cross Street: Taybin Rd NW
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Living Room
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate, Vinyl
  • Total Bathrooms: 7.5
  • Total Bedrooms: 10
  • Basement: Daylight, Finished
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 161.93
  • Price Per Sq Ft: 161.93

Exterior Features

  • Patio: Deck, Patio
  • Exterior Color: Green
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Metal Or Aluminum
  • Siding: Wood
  • Siding Style: T111
  • View: Mountain, Territorial

Utilities

  • Heating: Baseboard
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Electric
  • Sewer: City
  • Water/Sewer: 5945

Condo/Co-op/Association

  • Maintenance: 896

Schools

  • Elementary School: Harritt
  • Middle School: Walker
  • High School: West Salem

Lot Info

  • Acres: 0.34
  • Estimated Lot Dimensions: 78'x183'
  • Estimated Lot Sq Ft: 14619
  • Lot: 3404
  • Lot Type: Dimension Above, Irregular
  • Price Per Acre: 3014705.88
  • Zoning: RM2
  • Property Use Type: Business, Investment

Tax Info

  • Tax Years: 2024
  • Tax Account Number: 339119
  • Tax Amount: 7742

Multi Family

  • Unit Types: Town Home
  • Number Of Units: 5

MLS Schools

  • HighSchool: West Salem
  • Middle School: Walker
  • Elementary School: Harritt

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2025 04/03/25 For Sale $1,025,000 -- $162 / Sq Ft
Source: Willamette Valley MLS

Source: Willamette Valley MLS

MLS Number: 827234

Willamette Valley MLS

APN: 339119