2195 Audubon Ave SE - Multi-Family FOR SALE


Salem, OR 97302- Morningside
$1,295,000 USD
503-877-2101
2195 Audubon Ave SE, Salem, OR for Sale
$1,295,000 USD
Multi-Family - FOR SALE
1/19
null | 5.89% Cap Rate

2195 Audubon Ave SE
Salem, OR 97302
Morningside


HIGHLIGHTS

  • 2024 build by Stafford Homes
  • 5,985 Building Sq Ft
  • 6 Units | 100% Occupancy
  • Located in Pringle Creek Community
  • 1031 Exchange Friendly Profile

OVERVIEW

Distinctive 2024-built 6-plex within Pringle Creek Community. Salem's master-planned sustainable neighborhood featuring LEED-certified architecture, 12 acres of preserved common area, community gardens, and walking trails throughout 32 acres in South Salem. Modern building with 5,985 SF of leasable area on an 8,025 SF lot. All units are 2BR/2BA: four 892 SF units (101–104) and two 1,100 SF units (105–106); three include assigned storage. 100% leased to qualified tenants. Pro-forma 5.89% cap at list.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$216 USD /SF

# OF UNITS

6

PRICE/UNIT

$215,833

CAP RATE

5.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pringle Creek 6-Plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

FMU

APN/PARCEL ID

341003

ASK ABOUT THIS PROPERTY

James HaugeLegacy Real EstateMore Info
503-877-2101

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James HaugeLegacy Real EstateMore Info
503-877-2101

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.