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About This Home
This 4-bedroom, 3-bathroom single family at 745 NE 16TH St in Salem, OR is listed for $464,000 ($195 per sqft). Built in 1926, the home offers 2,378 sqft of living space on a 0.18 acres lot.
Turnkey investment with instant cash flow upon closing! This 4 bed, 2.5 bath has room for everyone. Great renters with a lease until July 2026. This well maintained beauty has hardwood floors, new appliances, waterproofed basement with lifetime warranty, and new wall insulation.
The huge back yard has excellent ADU potential with pre-approved plans from the city, convenient alley access, and easily accessible utilities. Cap rate 6.2%, GRM 13.1. Tenant occupied. Do not disturb tenants. Offer contingent upon interior inspection.
Key Features
- Built in 1926
- 0.18 acre lot
- 3 stories
Property Details
Amenities
Monthly Cost Estimate
$2,482/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
745 NE 16TH St
Salem, OR 97301
ENGLEWOOD
Features & Amenities
Interior Features
Exterior Features
Property Details
Views
Pool Features
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 3-bathroom single family at 745 NE 16TH St is listed at $464,000 ($195/sqft). The estimated monthly payment is $2,011 based on 20% down at 6.5% interest.
Key features include: Built in 1926, 0.18 acre lot, 3 stories. Interior Features: HardwoodFloors, Laundry, WasherDryer. Exterior Features: Deck, Fenced, FirePit.
This property is listed by Neil Nelson and can be reached at 5034441070 or neil@nelsonshometeam.com.
