• For Sale
  • Multi Family · 18 Units

1165 Rural Ave SE Salem, OR 97302 Get directions

$1,750,000 $122/Sq. ft.
14,336 Sq. ft. 18,731 Sq. ft. Lot
  • Age 59 Years
  • MLS# 745462
  • Listed 2 Months 12 Days Ago

Overview

Accepted Offer with Contingencies. Classic cash flowing investment. 10- 1 bed, 1 bath units and 8- 2 bed 1 bath units, well maintained. Large laundry facility in basement. Plenty of off street parking.

Features

Appliances

  • No
  • Laundry Facilities: Laundry Center

Interior Features

  • Fire Safety Features: Pull Station

Other Rooms

  • Basement Features: Partial, Finished

Heating and Cooling

  • Heating Features: Heating Cooling: Electric, Baseboard, Water Heater: Electric

Kitchen and Dining

  • Dining Room Description: Area (Combination)

Exterior and Lot Features

  • Wood
  • Fencing: Yes
  • Frontage Length: 150
  • Patio And Porch Features: Deck, Patio
  • Lot Size Square Feet: 18731

Land Info

  • Landscaping: Yes
  • Lot Description: Lot Type: Dimension Above
  • Lot Size Acres: 0.43
  • Lot Size Dimensions: 150x125

Multi-Unit Info

  • Number of Units: 18
  • Unit Type: Flat

Homeowners Association

  • Maintenance Description: 12381

Other Property Info

  • Annual Tax Amount: 13933
  • Source Listing Status: ACTIVE UNDER CONTRACT
  • County: Marion
  • Cross Street: 12th
  • Current Use: Investment
  • Directions: From State St, South on 12th to Rural Ave S., left.
  • Tax Year: 2018
  • Source Property Type: Multi- (5+)
  • Other Features: Range Facility: Electric, Range Included
  • Exclusions: Tenants personal property
  • Home Warranty: No
  • Area: 40 SOUTHEAST SALEM
  • Source Neighborhood: Yew Park
  • Parcel Number: R96903
  • Subdivision: Yew Park
  • Trash Expense: 2876
  • Zoning: RM2
  • Flood Plain: Unknown
  • Source System Name: C2C

Utilities

  • Electric: 2119
  • Sewer: Sewer: City, Water Sewer: 7352

Building and Construction

  • Square Feet Living: 14336
  • Year Built: 1960
  • Building Exterior Type: Siding Style: T111
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Foundation Details: Continuous
  • New Construction: No
  • Property Age: 59
  • Roof: Other (Refer to Remarks)
  • Structure Type: Multi Family

Accessibility Features

  • No

Nearby Schools

Rating School Grades Distance
1 Bush Elementary School K-5 0.8 mi
6 South Salem High School 7-12 0.4 mi
4 Leslie Middle School 6-8 1.5 mi
NA The Keystone Private School 6-12 1.2 mi
NA K12 International Academy Private School K-12 1.2 mi

School data provided by National Center for Education Statistics, Maponics, and GreatSchools. Intended for reference only. GreatSchools Ratings compare a school’s test performance to statewide results. To verify enrollment eligibility, contact the school or district directly.

Neighborhood

Property History for 1165 Rural Ave SE

Property Tax

Property Price

Date Event Price Price / Sq ft Source
2019-03-18 Relisted $1,750,000 $122 Willamette
2019-03-13 Listing removed $0 Willamette
2019-03-06 Listed $1,750,000 $122 Willamette
2002-10-16 Sold - - Public Record
1998-03-16 Sold - - Public Record
1984-02-29 Sold - - Public Record

The price and tax history data is obtained from public records and/or MLS feeds from local jurisdiction. Contact your REALTOR® directly in order to obtain the most up-to-date information available.