190 14th Street Southeast

Salem, OR 97301

$580,000
Price
Beds
2,149 Sq. Ft.
$270 / Sq. Ft.
2,149
Sq. Ft.
$270
per Sq. Ft.

Description

Opportunity knocks! Great looking fourplex where one company leases all four units and PAYS ALL UTILITIES! Well established tenancy record of almost two years. The property is under professional management and the laundry center is available to all tenants. Tens of thousands of dollars in recent upgrades. The seller is in the process of combining the two existing parcels into one to assist in financing. Expected final approval date is August 1. Central location just blocks from the State Capitol,...Opportunity knocks! Great looking fourplex where one company leases all four units and PAYS ALL UTILITIES! Well established tenancy record of almost two years. The property is under professional management and the laundry center is available to all tenants. Tens of thousands of dollars in recent upgrades. The seller is in the process of combining the two existing parcels into one to assist in financing. Expected final approval date is August 1. Central location just blocks from the State Capitol, Willamette University, and Salem Hospital. Almost $50k in recent upgrades. List price includes a .06-acre adjacent parcel at 1445 Ferry St. Se. Buyers responsible for their own due diligence. Property is in 500-year flood plain. County says 1956 build, but seller does not guarantee. The structure appears older.
  1. Listed by Kenneth Marshall • Vintage Realty Northwest
  2. Listed by Ashley Lacer • Land Leader

Property Details for 190 14th Street Southeast

Parking Features
Assigned, Off Street
Zoning
RM2
Parking Total
4.00
LISTING UPDATED: 11/25/2024 02:30 PM

Property Details for 190 14th Street Southeast

StatusActive
MLS #24439552
Days on Market1
Taxes$3,083 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1956
Lot Size0.17 AC / 7,405 SF
CountyMarion County

Building Information for 190 14th Street Southeast

Stories2Residences4Year Built1956Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 190 14th Street Southeast

Summary
Location and General Information
  • Country: US
  • Directions: Take State St. to 14th St. SE to Ferry St. SE. Building is on NE corner.
  • Road Surface: Paved
School Information
  • Elementary School: Bush
  • High School: South Salem
  • Middle Or Junior School: Leslie
Taxes and HOA
  • Management Name: Access Property Management
  • Tax Year: 2024
  • Tax Annual Amount: $3,082.98
  • Parcel Number: 595171
  • Parcel Number 2: 595172
  • Tax Legal Description: UNIVERSITY ADD SALEM FR LOTS 5 & 6 BLK 31
Property
Lot Information
  • Acres: 0.17
  • Lot Description: Corner Lot, Flood Zone, Level
  • Lot Size Square Feet: 7405.0
  • Lot Size Dimension: 46 x 159
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1956
Utilities
  • Fuel Description: Electricity
  • Heating Description: Other
  • Hot Water Description: Electricity, Tank
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding
  • Roof Type: Composition
Interior Features
  • Basement: Partial Basement
  • Foundation Details: Concrete Perimeter, Other
  • Stories: 2
Amenities
Amenities Information
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $54,960.00
  • Gross Rent Multiplier: $10.55
  • Investor Information: Leases, Maintenance Records Available, Profit Loss Statement, Rent Records
  • Net Income Actual: $37,729.00
  • Operating Expense: $17,231.00
  • Security Features: Unknown
  • Storage: None
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • Common Amenities: Laundry
  • SqFt Approximate Building Total: 2149
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Range, Refrigerator
  • Unit Type 1 Rent: $1,270
  • Unit Type 1 SqFt: 897.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Range, Refrigerator
  • Unit Type 2 Rent: $1,285
  • Unit Type 2 SqFt: 483.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 0
  • Unit Type 3 Features: Range, Refrigerator
  • Unit Type 3 Rent: $915
  • Unit Type 3 SqFt: 270.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 1
  • Unit Type 4 Features: Range, Refrigerator
  • Unit Type 4 Rent: $1,070
  • Unit Type 4 SqFt: 464
  • Unit Type 4 UnitsTotal: 1

Property History for 190 14th Street Southeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 190 14th Street Southeast

Taxable ValueLand-Additions-Total-
Tax Record2023$2,992 ($249 / month)
Home Facts
Beds2Total Finished SqFt2,149 SqFtAbove Grade Finished SqFt2,149 SqFtStories1Lot Size4,792 SqFtStyleSingle Family ResidenceYear Built1956ZoningRM2CountyMARIONAPN073W26BD08500

Schools near 190 14th Street Southeast

This home is within Salem-Keizer School District 24j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Bush Elementary School
PublicK to 5

Leslie Middle School
Public6 to 8

South Salem High School
Public9 to 12

Howard Street Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

190 14th Street Southeast is a multi-family home for sale in Salem, OR 97301. This property was listed for sale on November 25, 2024 by Vintage Realty Northwest, it's currently listed at $580,000. It has been on the market for a total of 1 days and was last sold on February 14, 2007. This listing's school district is Salem-Keizer School District 24j. Nearby schools include Bush Elementary School, Leslie Middle School and South Salem High School. 190 14th Street Southeast is a 0-bed, 0-bath, 2,149 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Vintage Realty Northwest; Land Leader

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 web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 11/25/2024 02:30 PM