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1355-1365 4th St NE
Salem, OR 97301
Grant Apartments · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Price Per Unit - $133,166
- Close to Broadway Cafe, bus lines & commercial services
Executive Summary
Turnkey asset with major capital improvements already completed. The Grant Apartments is a well-maintained 6-plex with significant renovations completed in 2019–2020. Located in a predominantly residential neighborhood near essential services, this property offers strong tenant appeal and stable income potential. Interior upgrades include luxury vinyl plank flooring throughout, updated kitchens with new cabinets, countertops, fixtures, and appliances. The exterior features durable Hardie Plank siding, fresh paint, and improved stormwater drainage. Additional amenities include a detached on-site laundry room, 8 paved parking spaces, fenced perimeter with privacy
slats, and professionally maintained grounds with mature trees, shrubs, and raised garden beds for tenant use.
slats, and professionally maintained grounds with mature trees, shrubs, and raised garden beds for tenant use.
Property Facts
| Price Per Unit | $133,167 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 4,692 SF |
| No. Units | 6 | Average Occupancy | 67% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1968 |
| Apartment Style | Low-Rise | Parking Ratio | 1.28/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | RM3 | ||
| Price Per Unit | $133,167 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,692 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.28/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM3 |
Amenities
Unit Amenities
- Refrigerator
Site Amenities
- Laundry Facilities
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
Property Taxes
| Parcel Number | 584375 | Improvements Assessment | $239,340 |
| Land Assessment | $81,340 | Total Assessment | $320,680 |
Property Taxes
Parcel Number
584375
Land Assessment
$81,340
Improvements Assessment
$239,340
Total Assessment
$320,680
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