$535,000
Est. payment /mo
3,484 Sqft Lot
New
581 HIGHLAND AVE Salem, OR 97301
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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
