355 King St S - Apartments FOR SALE


Salem, OR 97302- South Salem
$475,000 USD
971-218-9349
355 King St S, Salem, OR for Sale
$475,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

355 King St S
Salem, OR 97302
South Salem


OVERVIEW

Well maintained single-level duplex in desirable South Salem offering an excellent owner-occupant or investment opportunity. Each unit features 2 bedrooms, 1 bathroom, washer & dryer hookups, attached one-car garage, central air, and private backyard space. Property also includes in-ground sprinklers and has been consistently cared for over the years. One unit is currently vacant, giving you the flexibility to move in or lease at market rate while the occupied unit generates strong income. Tenant pays electric, garbage, and gas. Please do not disturb the tenants.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$228 USD /SF

# OF UNITS

2

PRICE/UNIT

$237,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

355 & 357 King St S Salem OR 97302

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,079 SF

ZONING

RS

APN/PARCEL ID

576240

ASK ABOUT THIS PROPERTY

Sabrina JamesSMI Real EstateMore Info
971-218-9349

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Sabrina JamesSMI Real EstateMore Info
971-218-9349

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