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Ring Street Apartments 1031-1097 Ring St NE 4 Unit Apartment Building $695,000 ($173,750/Unit) Salem, OR 97303
Executive Summary
Stabilized 4-plex in a strong Keizer location generating approximately $4,670 per month in gross rents. Metal roof, off-street parking and consistent 2 bedroom demand support steady occupancy and predictable performance. Clean, small, multifamily asset in an established rental pocket. Adjacent 4-plex locate at 1061 Ring St NE also available for sale.
Please do not disturb the residents. Member(s) of selling entity are Licensed Real Estate Brokers in the State of Oregon
Please do not disturb the residents. Member(s) of selling entity are Licensed Real Estate Brokers in the State of Oregon
Property Facts
| Price | $695,000 | Building Class | C |
| Price Per Unit | $173,750 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 3,025 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 2.98/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM | ||
| Price | $695,000 |
| Price Per Unit | $173,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 3,025 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Parking Ratio | 2.98/1,000 SF |
| Zoning | RM |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,210 | 765 |
1 1
Bike Score®
Very Bikeable (78)
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $518,920 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$518,920
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Ring Street Apartments | 1031-1097 Ring St NE
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