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4434 LANCASTER DR Salem, OR $ 749,900
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$ 749,900 Get more info
4434 LANCASTER DR
$ 749,900
Back to search
Share Save

4434 LANCASTER DR

Salem, OR, 97305
$ 749,900
Bedrooms8 Baths4.0 Sq 3,591

Monthly Estimate*

$ 4,984

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Multi-Family Home for sale in Salem, OR

for $749,900 with 8 bedrooms and 4 full baths. This 3,591 square foot home was built in 1964 on a lot size of 0.31.

Amazing investment opportunity in Salem!Fully rented with good tenants on this 4-plex investment!Conveniently located near shops, college, and bus lines!New roof in 2019 and exterior touch ups! New coin operated laundry installed onsite for extra revenue. Below market rents! Great %5.67 cap rate on this investment and pro forma %7.19 w/ plenty of value to take it to the next level!

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Multi-Family Active

Price

$ 749,900

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 4,475

Style

Lot Size

0.31

Year Built

1964

Town/City

Salem

County/Region

Marion

MLS | Web ID

24172729
Features
General
Sewer PublicSewer
Heating Baseboard
Roof Shake
Zoning RM
Year Built 1964
Tax Year 2023
Gross Income 4052.0
Community Features Laundry
County Marion
Net Operating Income 42557.0
Operating Expense 6067.0
Property Type MultiFamily
Rent Includes MaintenanceGrounds TrashCollection
Status Active
Directions Ward Dr. Ne
High School McKay
City Salem
NumberOfUnitsTotal 4
MLS Area _176
Lot Size Square Feet 13503.0
Street Name LANCASTER
Listing Terms Cash Conventional
Elementary School Hayesville
Tax Annual Amount 4475.44
Middle/Junior High School Stephens
Days on Market 36
Standard Status Active
Legal Description ACRES 0.31
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Exterior
Parking Features Paved
Water Source PublicWater
Total Parking 6.0
Exterior Description T111Siding
Building Area Total 3591.0
Lot Size Acres 0.31
Road Surface Type Paved
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Interior
Hot Water Gas
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit 3 Baths Total 1
Unit 3 Beds Total 2
Unit 4 Baths Total 1
Unit 4 Beds Total 2
Street Suffix DR
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Internal Only
Street Number 1 4434
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* Excluded Features
List By
Homesmart Realty Group

Broker

shareefh@hsmartrealtygroup.com

Email

Affordability Calculator

$5,357
Per Month
93%
7%
0%
Monthly Principal & Interest
$4,984
Monthly Property Taxes
$373
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3799866 Elementary School
1949317 Middle School
McKay High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/24/2024$749,900 Listed Price

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4434 LANCASTER DR, Salem, OR, 97305 is a Multi-Family Home for sale at $749,900 with 3,591 sqft and a lot size of 0.31. 4434 LANCASTER DR has 8 bedrooms, 4.0 baths, and was built in 1964. The property's zip code is 97305 which is in Salem, OR

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