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3660 STATE ST Salem, OR $ 725,000
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$ 725,000 Get more info
3660 STATE ST
$ 725,000
Back to search
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3660 STATE ST

Salem, OR, 97301
$ 725,000
Bedrooms10 Baths4.0 Sq 3,988

Monthly Estimate*

$ 5,064

3660 STATE ST, Salem, OR 97301 - Image 1
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3660 STATE ST, Salem, OR 97301 - Image 10
3660 STATE ST, Salem, OR 97301 - Image 11
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Multi-Family Home for sale in Salem, OR

for $725,000 with 10 bedrooms and 4 full baths. This 3,988 square foot home was built in 1977 on a lot size of 0.32.

Rare Fourplex Investment Opportunity in Salem! This villa-style multifamily complex features two 2/1 units and two 3/1 units for a total of 10 beds across all 4 units. Complex is currently fully-rented at market rate with 7.71% CAP on actuals, and 8.61% pro-forma based on 10% increase in global rents. Separate 4-car garage offers covered parking/storage. Tucked in between Lancaster and I5 for easy commuting.

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Multi-Family Active

Price

$ 725,000

Bedrooms

10

Full Bath

4

Property Type

Multi-Family

Taxes

$ 6,415

Style

Lot Size

0.32

Year Built

1977

Town/City

Salem

County/Region

Marion

MLS | Web ID

24246411
Features
General
Sewer PublicSewer
Heating WallFurnace
Roof Composition
Zoning RM2
Garage Spaces 4.0
Year Built 1977
Stories 1
Tax Year 2023
Gross Income 66720.0
Community Features FrontYardLandscaping
County Marion
Net Operating Income 55883.0
Operating Expense 10837.0
Property Type MultiFamily
Rent Includes Sewer TrashCollection Water
Status Active
Directions 37th Avenue
High School North Salem
City Salem
Total Units 4
MLS Area _174
Lot Size Square Feet 13939.0
Street Name STATE
Listing Terms Cash Conventional OwnerWillCarry
Elementary School Four Corners
Tax Annual Amount 6415.27
Middle/Junior High School Houck
Virtual Tour https://www.youtube.com/shorts/VfmkrZOCgrI
Days on Market 69
Standard Status Active
Legal Description ACRES 0.32
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Interior
Basement CrawlSpace
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit 3 Baths Total 1
Unit 3 Beds Total 3
Unit 4 Baths Total 1
Unit 4 Beds Total 3
Street Suffix ST
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Exterior
Parking Features Detached Garage
Water Source PublicWater
Total Parking 4.0
Exterior Description T111Siding WoodSiding
Foundation Details StemWall
Building Area Total 3988.0
Lot Size Acres 0.32
Road Surface Type Concrete Paved
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Internal Only
Street Number 1 3660
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* Excluded Features
List By
John L. Scott Salem

Broker

alexmc@johnlscott.com

Email

Affordability Calculator

$5,599
Per Month
90%
10%
0%
Monthly Principal & Interest
$5,064
Monthly Property Taxes
$535
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3484570 Elementary School
1950484 Middle School
North Salem High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/24/2024$725,000 -14.71% Price Down
2/20/2024$850,000 Listed Price

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3660 STATE ST, Salem, OR, 97301 is a Multi-Family Home for sale at $725,000 with 3,988 sqft and a lot size of 0.32. 3660 STATE ST has 10 bedrooms, 4.0 baths, and was built in 1977. The property's zip code is 97301 which is in Salem, OR

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