1710 CAPITOL ST, Salem, OR 97301

$975,000

bedrooms

bathrooms

square feet

4,800

Acreage

0.08

Open Houses

year built

1930

Full Baths

Half Baths

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NEW PRICE: Excellent solid investment 6-plex in the heart of Salem. Central location. 6 units all rented on month to month. No deferred maintenance. Newer electrical, plumbing, water lines, and appliances. Roof in excellent condition. Units have ceiling fans, hardwood floors. Some units recently remodeled. The property was awarded Most Improved Property of the year in the Salem area. Seller will also offer to carry financing, with 20-25% down, at 4% interest only for 5 years. With a cash offer, Seller will do a 1031 Exchange. Coin-op laundry provides extra income.Annual gross income $67,920. Annual Expenses $15,432 (23% of AG) 5.4 CAP. Access to property only with an accepted offer.

Location
Subdivision	-
County	Marion
Elementary School	Grant
Middle School	Parrish
High School	North Salem

Driving directions

Open houses

None scheduled.

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MLS number: 695518904

Listing agent: Ellen Bick

Listing broker: Core, Realtors (503) 407-9924

Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, April 22 2025 at 10:00 p.m. EDT

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