4006 Satter DrSalem, OR 97305

Property Details for 4006 Satter Dr

Year built

1976

Lot size

0.58 AC

Property size (Sq ft)

6,714 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a well-maintained, seven-unit apartment building situated at 4006-4018 Satter Dr NE in Salem, Oregon, within Marion County (zip code 97305). The property boasts a total of 6,714 square feet across two buildings on a 0.58-acre lot. Constructed in 1976, the property has undergone significant renovations, including new roofs, windows, and siding, along with fresh paint. Six of the seven units have been fully renovated within the last few years. The unit mix comprises four two-bedroom, one-bathroom units and three two-bedroom, one-and-a-half-bathroom units. These spacious units feature washer/dryer hookups and ample off-street parking. Currently, the renovated units command an average monthly rent of $1,500, generating a total gross monthly rent of $9,920. The property's prime location adjacent to Chemeketa Community College ensures strong rental demand and long-term stability. The asking price for this multifamily property is $1,370,000. The property's Assessor's Parcel Number (APN) is 522325.

Location Insight

City

Salem

County

Marion

State

Oregon

Latitude

44.9792

Longitude

-122.983

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