$975,000
$125K PRICE DROP

1710 Capitol St NE Salem, OR 97301

Grant Neighborhood

Estimated payment $5,918/month

Total Views 3,069
-- Bed
-- Bath
4,800 Sq Ft
$203 Price per Sq Ft

Highlights

  • Laundry Facilities
  • Level Lot
  • No Heating

About This Home

NEW PRICE: Excellent solid investment 6-plex in the heart of Salem. Central location. 6 units all rented on month to month. No deferred maintenance. Newer electrical, plumbing, water lines, and appliances. Roof in excellent condition. Units have ceiling fans, hardwood floors. Some units recently remodeled. The property was awarded Most Improved Property of the year in the Salem area. Seller will also offer to carry financing, with 20-25% down, at 4% interest only for 5 years. With a cash offer, Seller will do a 1031 Exchange. Coin-op laundry provides extra income.Annual gross income $67,920. Annual Expenses $15,432 (23% of AG) 5.4 CAP. Access to property only with an accepted offer.

Listing Agent

Ellen Bick

CORE, Realtors License #980300145

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,713

Year Built

  • Built in 1930 | Remodeled

Lot Details

  • 3,484 Sq Ft Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Composition Roof
  • Stucco Exterior
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,800 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Security Lights

Schools

  • Grant Elementary School
  • Parrish Middle School
  • North Salem High School

Utilities

  • No Cooling
  • No Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 584791

Community Details

Building Details

  • Operating Expense $15,432
  • Gross Income $67,920
  • Net Operating Income $52,488

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,713

Year Built

Built in 1930 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1930
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: Stucco
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: SecurityLights
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping, Laundry

Schools

  • Elementary School: Grant
  • High School: North Salem
  • Middle Or Junior School: Parrish

Lot Info

  • Zoning: RM2
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3484.0
  • Parcel #: 584791

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5713.0
  • Tax Opportunity Zone: Yes

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 14.36
  • Annual Gross Income: 67920.0
  • Property Net Operating Income: 52488.0
  • Annual Operating Expense: 15432.0

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
04/22/2025 04/22/25 Price Changed $975,000 0.0% $203 / Sq Ft
04/22/2025 04/22/25 For Sale $975,000 -2.3% $203 / Sq Ft
04/09/2025 04/09/25 Pending -- -- --
03/21/2025 03/21/25 Price Changed $998,000 -9.3% $208 / Sq Ft
03/06/2025 03/06/25 For Sale $1,100,000 -- $229 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 695518904

Regional Multiple Listing Service (RMLS)

APN: 073W23BA06600

Oregon Marion County Salem 97301 Grant

1710 Capitol St NE, Salem, OR

Homes for Sale in Salem, OR

This home is located at 1710 Capitol St NE, Salem, OR 97301 and is currently priced at $975,000, approximately $203 per square foot. This property was built in 1930. 1710 Capitol St NE is a home located in Marion County with nearby schools including Grant Community School, Parrish Middle School, and North Salem High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) 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 Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing Agent
Ellen Bick
Section Image
CORE, Realtors
(971) 318-2707