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$465,000
6 Days On Site
745 NE 16TH STSalem, OR 97301
For Sale|Single Family Residence|Active
4
Beds
3
Total Baths
2
Full Baths
1
Partial Bath
2,378
SqFt
$196
/SqFt
1926
Built
Subdivision:
ENGLEWOOD
County:
Marion
Listing courtesy of Neil Nelson of Premiere Property Group, LLC 5034441070
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Call Now: 1-(971) 203-0682
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1-(971) 203-0682
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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. Great tenants with lease through July 2026. Rent is $2950 per month.
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Listing Snapshot
Price
$465,000
Days On Site
6 Days
Bedrooms
4
Inside Area (SqFt)
2,378 sqft
Total Baths
3
Full Baths
2
Partial Baths
1
Lot Size
0.18 Acres
Year Built
1926
MLS® Number
637229774
Status
Active
Property Tax
$3,920.29
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 6 days ago | Listing updated with changes from the MLS® | |
| 6 days ago | Listing first seen on site |
General Features
Acres
0.18
Attached Garage
Yes
Disclosures
Disclosure
Foundation
Concrete Perimeter
Garage
Yes
Garage Spaces
1
Land Lease
No
Number Of Stories
3
Parking
DrivewayRV Access/ParkingAttached
Parking Spaces
1
Property Sub Type
Single Family Residence
Security
Security Gate
Sewer
Public Sewer
SqFt Total
2378
Style
Bungalow
Water Source
Public
Interior Features
Appliances
Gas Water HeaterWasherDryerDishwasherDisposalFree-Standing RangeFree-Standing RefrigeratorMicrowave
Basement
FullFinished
Cooling
Central Air
Fireplace
Yes
Fireplace Features
Gas
Fireplaces
1
Flooring
HardwoodWood
Heating
Forced Air
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Exterior Features
Exterior
Fire Pit
Fencing
Fenced
Lot Features
LevelPrivate
Other Structures
Workshop
Patio And Porch
DeckPatioPorch
Roof
Composition
Community Features
Financing Terms Available
CashConventionalFHAVA Loan
MLS Area
_174
Roads
Paved
Schools
School District
Unknown
Elementary School
Englewood
Middle School
Parrish
High School
North Salem
Listing courtesy of Neil Nelson of Premiere Property Group, LLC 5034441070
The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.
Last checked 2025-12-10 09:08 PM PST.
All information provided is deemed reliable but is not guaranteed and should be independently verified
The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.
Last checked 2025-12-10 09:08 PM PST.
All information provided is deemed reliable but is not guaranteed and should be independently verified
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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