Two separate single family homes plus a duplex, all on 2.25 acres. 4 unit investment opportunity, fully rented, with positive cash flow. Each unit has own separate meters. Tenants pay all utilities. Seller pays property taxes & insurance. On well/septic. A great return on your investment. Buyer to do own due diligence. One well is shared between all properties. In the last 10 years; pump, electrical and pressure tank have been replaced. Two septic systems on property installed in last 10 years. Many updates in 3/1 unit, tenants since 7/2024. All roofs 10-12 Years old. Duplex tenants since 2017, house tenants for 11 yrs. All units month-month.
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
Number Of Units Total: 4
Gross Rent Multiplier: 10.77
Annual Gross Income: 85440.0
Property Net Operating Income: 85440.0
Annual Operating Expense: 7697.0
Map
Range of Values:
Collateral Analytics
Collateral Analytics
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ICE
ICE Mortgage Technology
ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.
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First American
First American
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Quantarium
Quantarium
Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.
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Average Value
Not Available
List Price
Sold Price
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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
03/25/202503/25/25
Sold
$793,000
-13.8%
--
12/13/202412/13/24
For Sale
$920,000
0.0%
--
12/12/202412/12/24
Pending
--
--
--
12/06/202412/06/24
For Sale
$920,000
0.0%
--
10/25/202410/25/24
Pending
--
--
--
10/18/202410/18/24
Price Changed
$920,000
-3.2%
--
10/11/202410/11/24
For Sale
$950,000
--
--
Source: Regional Multiple Listing Service (RMLS)
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
Beautiful duplex built in 2019. Both sides currently rented. Easy income. Appreciating asset. Low maintenance, newer build. Solid surface counter tops. High end finishes, appliances. W/D included. HOA includes front landscaping and parking lot maintenance. Close to schools and shopping. A must see property. .
Patrick JacksonBERKSHIRE HATHAWAY HOMESERVICES R E PROF
This home is located at 6280 Cottonwood St NE, Salem, OR 97317 and is currently priced at $793,000. This property was built in 1965. 6280 Cottonwood St NE is a home located in Marion County with nearby schools including Chavez Elementary School, Stephens Middle School, and McKay High School.
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