3414 30Th AveSalem, OR 97301

Property Details for 3414 30Th Ave

Year built

1977

Lot size

1.16 AC

Property type

Apartment buildings

Description

This exceptional 18-unit apartment building, located at 3414-3458 30th Ave NE in Salem, Oregon, presents a compelling investment opportunity. Built in 1977, the property sits on a 1.16-acre lot and consists of six single-story buildings, all zoned Rm2. The complex offers spacious two-bedroom, one-bathroom units, each equipped with a dishwasher and washer/dryer hookups. Residents enjoy the convenience of assigned parking. Significant capital improvements have recently been completed, enhancing the property's value and appeal. These upgrades include new roofs across all buildings, the installation of new vinyl windows throughout, and a completely repaved parking lot. The property's strong location in Salem, Oregon (zip code 97301), combined with its updated features and desirable unit amenities, ensures consistent occupancy and strong rental income potential. The property's APN is 578168. This well-maintained multifamily property offers a solid return on investment for a discerning buyer. The asking price for this turnkey operation is $2,550,000. This is a rare opportunity to acquire a stable and profitable apartment complex in a thriving Oregon market.

Location Insight

City

Salem

County

Marion

State

Oregon

Latitude

44.9699

Longitude

-122.997

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