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Listed by Bridgetown Equity Prop LLC

$479,000

Est. payment - /mo

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3,484 Sqft Lot

Price Dropped by $16K

581 HIGHLAND AVE Salem, OR 97301

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 487660105

HOA Y/N No

Year Built 1937

Annual Tax Amount $4,049

Tax Year 2025

Lot Size 3,484 Sqft

Property Description

Calling all investors—don't miss this exceptional three-unit multifamily opportunity. This property is ideal for investors looking to expand their portfolio or for an owner-occupant who wants to live in one unit while renting out the other two.All units have been renovated, and the building is fully occupied. The seller currently resides in one unit, with the remaining two secured by leases. Located on a quiet, tree-lined street, the property offers a peaceful and desirable setting.Whether you're adding to an existing portfolio or purchasing your first investment property, this one delivers. The numbers are strong, with an actual cap rate exceeding 6%.Please submit offers contingent upon a walkthrough. Kindly do not disturb the tenants or walk the property.

Location

State OR

County Marion

Area _176

Zoning RS

Interior

Heating Wall Furnace

Cooling None

Exterior

Roof Type Composition

Garage No

Building

Lot Description Level, Trees

Story 1

Foundation Slab

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Hammond

Middle Schools Parrish

High Schools North Salem

Others

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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