4434 Lancaster Drive

Salem, OR 97305

$725,000
Price
—
Beds
3,591 Sq. Ft.
$202 / Sq. Ft.
3,591
Sq. Ft.
$202
per Sq. Ft.
a view of a backyard with a tree
a view of a cars parked in front of a house
a backyard of a house with lots of green space
a view of a backyard with pathway
a front view of a house with a yard
a view of a house with a yard and potted plants
a view of a back yard of the house
a front view of a house with a yard
a front view of a house with a yard and garage
a view of a pathway of a house
a view of a door and a window
a view of an empty room with a window
a kitchen with refrigerator and window
a bathroom with a sink and mirror with toilet
a view of a door and a window
a living room with furniture and a flat screen tv
a bedroom with furniture and a bed
a dining room with furniture and a window
a kitchen with a refrigerator and a sink
a kitchen with a sink stove and cabinets
a bathroom with a sink toilet and shower
a bedroom with a bed and a window
a bedroom with a bed and a window
a view of outdoor space
a living room with furniture and a flat screen tv
a kitchen with stainless steel appliances kitchen island granite countertop a sink and cabinets
a kitchen with a sink a stove and cabinets
a bathroom with a sink toilet and a tub
a living room with furniture and a flat screen tv
a bedroom with a bed and a large mirror
a view of entrance
a living room with furniture
a kitchen with stainless steel appliances granite countertop a stove a refrigerator a sink and dishwasher with a dining table
a kitchen with a sink stove and cabinets
a living room with a couch
a bathroom with a sink and a mirror
a living room with furniture and window
a bedroom with a bed and a flat screen tv
a view of a living room with a fireplace
a picture of street with view of buildings

Description

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!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!
  1. Listed by Shareef Hagag • HomeSmart Realty Group

Property Details for 4434 Lancaster Drive

Parking Features
Paved
Zoning
RM
Parking Total
6.00
LISTING UPDATED: 09/09/2024 05:47 AM

Property Details for 4434 Lancaster Drive

StatusActive
MLS #24172729
Days on Market212
Taxes$4,475 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1964
Lot Size0.31 AC / 13,503 SF
CountyMarion County

Building Information for 4434 Lancaster Drive

Stories-Residences4Year Built1964Building Size-Lot Size0.31 AC / 13,503 SF

Property Information for 4434 Lancaster Drive

Summary
Location and General Information
  • Country: US
  • Directions: Ward Dr. Ne
  • Road Surface: Paved
School Information
  • Elementary School: Hayesville
  • High School: Mc Kay
  • Middle Or Junior School: Stephens
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $4,475.44
  • Parcel Number: 522291
  • Tax Legal Description: ACRES 0.31
Property
Lot Information
  • Acres: 0.31
  • Lot Size Square Feet: 13503.0
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Year Built: 1964
Utilities
  • Fuel Description: Electricity
  • Heating Description: Baseboard
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds, Trash Collection
Interior and Exterior Features
Exterior Features
  • Exterior Description: T111Siding
  • Roof Type: Shake
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $4,052.00
  • Gross Rent Multiplier: $178.92
  • Investor Information: Leases
  • Net Income Actual: $42,557.00
  • Operating Expense: $6,067.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • Common Amenities: Laundry
  • SqFt Approximate Building Total: 3591
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Range, Refrigerator
  • Unit Type 1 Rent: $1,150
  • Unit Type 1 SqFt: 897.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Range, Refrigerator
  • Unit Type 2 Rent: $919
  • Unit Type 2 SqFt: 897.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Range, Refrigerator
  • Unit Type 3 Rent: $919
  • Unit Type 3 SqFt: 897.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Range, Refrigerator
  • Unit Type 4 Rent: $1,064
  • Unit Type 4 SqFt: 897
  • Unit Type 4 UnitsTotal: 1

Schools near 4434 Lancaster Drive

This home is within Salem-Keizer School District 24j.
Rating
School
Type
Grades
Distance
Hayesville Elementary School
Public - K to 5
Stephens Middle School
Public - 6 to 8
Mckay High School
Public - 9 to 12
Early College High School
Public - 9 to 12
Rating
School
Distance
Hayesville Elementary School
PublicK to 5

Stephens Middle School
Public6 to 8

Mckay High School
Public9 to 12

Early College High School
Public9 to 12

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.

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More information about 4434 Lancaster Drive, Salem, OR 97305

4434 Lancaster Drive is a multi-family home for sale in Salem, OR 97305. This property was listed for sale on April 24, 2024 by HomeSmart Realty Group, it's currently listed at $725,000. This listing's school district is Salem-Keizer School District 24j. Nearby schools include Hayesville Elementary School, Stephens Middle School and Mckay High School. 4434 Lancaster Drive is a 0-bed, 0-bath, 3,591 sqft multi-family home built in 1964.

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 HomeSmart Realty Group

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: 09/09/2024 05:47 AM