1338 3Rd StSalem, OR 97304

For Sale
$729,000
Property records and analytics
Well-maintained 4-unit apartment building in Salem, Oregon.

Overview

Added:
Dec 11, 2024
Days on market:
126
This 2-story, 2,880 square foot apartment building, constructed in 1967, presents a compelling investment opportunity. Located at 1338 3rd St NW, Salem, OR 97304, this property sits on a 0.18-acre lot and is zoned RM2. The building comprises four units, each a 2-bedroom, 1-bathroom apartment of approximately 720 square feet. Three units are currently rented, generating monthly income of $1300, $1350, and $1295 respectively. One unit is vacant and available for immediate showing. Recent improvements include updated counters, flooring, vanities, fresh paint, and a newly striped parking lot. Six off-street parking spaces and on-site laundry facilities are provided for residents. The property's APN is 260738. This well-maintained multifamily property offers a strong return on investment with potential for further appreciation. The asking price is $729,000.

Highlights

  • $729,000 asking price for a four-unit apartment building.
  • 2,880 square feet on a 0.18-acre lot in Salem, Oregon.
  • Four units, each approximately 720 square feet with two bedrooms and one bathroom.
  • Built in 1967, two stories, one building.
  • RM2 zoning.
  • Three units currently rented at $1300, $1350, and $1295; one vacant.

Property Details for 1338 3Rd St

Property type
Apartment buildings
Square Feet
2,880 SF
Year Built
1967
Buildings
1
Stories
2
Lot Size (sq. ft)
7,841 SF
Units
4

Location Insight

City
Salem
County
Polk
State
Oregon
Latitude
44.94122299797
Longitude
-123.06203418164
1338 3Rd St, Salem, Oregon

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FAQs

What type of property is this?
Apartment building - Well-maintained 4-unit apartment building in Salem, Oregon.
Where is the apartment building located?
The property is located at 1338 3Rd St Salem, OR.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: $729,000 asking price for a four-unit apartment building.; 2,880 square feet on a 0.18-acre lot in Salem, Oregon.; Four units, each approximately 720 square feet with two bedrooms and one bathroom.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Eric Swanson
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3Rd St
Salem, OR 97304

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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1338 3Rd St
  • Eric Swanson
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