1031-1041 7th St NW
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1031-1041 7th St NW
6 Unit Block of Flats £828,450 (£138,075/Unit) Salem, OR 97304
Investment Highlights
- 6-unit, two-story complex in West Salem, OR
- Situated near the Salem-Dallas Highway NW with great access to Downtown Salem
- Features updated interiors, including granite countertops, new appliances, and off-street parking.
Executive Summary
Introducing the apartments at 1031-1041 7th Street NW, a 6-unit, two-story complex in West Salem, OR. The property features updated interiors, including granite countertops, new appliances, and off-street parking. Located near family-oriented amenities like Harritt Elementary, Walker Middle School, and West Salem High School, this property offers convenience for renters seeking proximity to schools and suburban comforts, making it a reliable investment for rental income.
Situated near the Salem-Dallas Highway NW, this property is easily accessible, with a direct route leading across the Willamette River into downtown Salem in just 6 minutes. Salem’s downtown offers a blend of historic buildings, modern shops, parks, and ongoing development projects enhancing the area. New residential construction, streetscape improvements, and easy access to Riverfront Park make the location even more attractive. Major city landmarks like Willamette University, the Oregon State Capitol, and Oregon State Capitol Park are within a 5-minute drive, adding to the property’s appeal for tenants who want proximity to key institutions and the downtown area.
Situated near the Salem-Dallas Highway NW, this property is easily accessible, with a direct route leading across the Willamette River into downtown Salem in just 6 minutes. Salem’s downtown offers a blend of historic buildings, modern shops, parks, and ongoing development projects enhancing the area. New residential construction, streetscape improvements, and easy access to Riverfront Park make the location even more attractive. Major city landmarks like Willamette University, the Oregon State Capitol, and Oregon State Capitol Park are within a 5-minute drive, adding to the property’s appeal for tenants who want proximity to key institutions and the downtown area.
Property Facts
Price | £828,450 | Building Class | C |
Price Per Unit | £138,075 | Lot Size | 0.18 AC |
Sale Type | Investment | Building Size | 4,030 SF |
Gross Rent Multiplier | 12.79 | Number of Floors | 2 |
No. Units | 6 | Year Built | 1977 |
Property Type | Residential | Parking Ratio | 1.49/1,000 SF |
Property Subtype | Apartment | Opportunity Zone |
Yes
|
Apartment Style | Low Rise |
Price | £828,450 |
Price Per Unit | £138,075 |
Sale Type | Investment |
Gross Rent Multiplier | 12.79 |
No. Units | 6 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.18 AC |
Building Size | 4,030 SF |
Number of Floors | 2 |
Year Built | 1977 |
Parking Ratio | 1.49/1,000 SF |
Opportunity Zone |
Yes |
Unit Amenities
- Dishwasher
- Kitchen
- Granite Countertops
- Refrigerator
- Range
- Tub/Shower
- Yard
Site Amenities
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 3 | - | 583 |
2+1 | 3 | - | 760 |
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Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
Parcel Number | 257349 | Improvements Assessment | £175,695 |
Land Assessment | £72,951 | Total Assessment | £248,645 |
PROPERTY TAXES
Parcel Number
257349
Land Assessment
£72,951
Improvements Assessment
£175,695
Total Assessment
£248,645
zoning
Zoning Code | RM2 |
RM2 |
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1031-1041 7th St NW
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