1120 14TH ST $434,500


    1120 14TH ST Salem, OR 97302

    • 5 Beds
    • 2 Baths
    • Multi-Family
    • Listing# 22084606
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    Views: 30 Days On Site: 79

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    Property Details

    Description Tours

    Two homes, Live in one rent the other, great for second income!! Main home 3 bed 1 bath has partial original hardwoods and newer laminate wood flooring in great condition rents for 1,300, 2nd Home 2 bed 1 bath with a bonus rents for 1,200 both month to month, Remodel about 2 years ago with new water heaters, re-pipe, recess lights, interior doors, new kitchen in back unit, quartz countertops in the front. Appliances included inside washer/dryer hookups, private back yard,

    • General Features
      • Area Marion Co: Southeast Salem
      • Bank Owned Y/N No
      • Capitalization Rate 5.79
      • Country US
      • Fuel Description Gas
      • Gross Income Actual 30000
      • Gross Rent Multiplier 14.48
      • Heating Description Forced Air
      • Hot Water Description Electricity
      • Net Income Actual 25176
      • Number Of Units Total 3
      • Operating Expenses Actual 4824
      • Sewer Description Public Sewer
      • Short Sale Y/N No
      • Stories 1
      • Supplement Number 0
      • Tax Amount 2223.74
      • Terms Cash,Conventional,FHA,VA Loan
      • Third Party Approval Y/N No
      • Utilities Included None
      • View Y/N No
      • Water Description Public Water
      • Year Built 1940
      • Zoning RM
    • Building Features
      • Basement Crawl Space,None
      • Exterior Description Cement Siding
      • SqFt Approximate Building Total 1932
      • Unit Type1 Baths Total 1
      • Unit Type1 Beds Total 3
      • Unit Type1 Features Range,Refrigerator,Washer/Dryer Hookup
      • Unit Type1 Rent 1300
      • Unit Type1 SqFt 1050
      • Unit Type1 Units Total 1
      • Unit Type2 Baths Total 1
      • Unit Type2 Beds Total 2
      • Unit Type2 Features Range,Refrigerator
      • Unit Type2 Rent 1200
      • Unit Type2 SqFt 900
      • Unit Type2 Units Total 2
      • UnitFeatures Range,Refrigerator,Washer/Dryer Hookup
      • UnitTypeType 1,2
    • Room Features
      • Legal Description OAK LODGE, BLOCK 2, LOT FR 11, ACRES 0.117
      • Limited Representation Y/N Full Service
    • Property Features
      • Lot Description LevelFloodZone
      • Lot Size 5,000 to 6,999 SqFt
      • Property Category Multi Family
      • Roof Type Composition
    • Schools
      • Elementary School Bush
      • High School South Salem
      • Middle School Leslie



    97302 (Salem) Demographics

    40 Median Age
    1,594 Population Density (per sq. mile)
    49% College Educated
    $66,702 Estimated Median Income
    9,293 Estimated Total Home Owners
    6,501 Estimated Total Renters
    59% / 41% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    38,706 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $417,500 Median Sales Price
    76 Homes Sold
    84 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $434,500
        4/30/2022 8:21:15 PM Status Changed Source: Multiple Listing Service New Value: Pending
        4/5/2022 11:36:19 AM Status Changed Source: Multiple Listing Service New Value: Active
        3/11/2022 8:06:08 AM Status Changed Source: Multiple Listing Service New Value: Pending
        3/5/2022 9:21:00 AM New in Database Source: Multiple Listing Service New Value: $434,500

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        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 MORE REALTY are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2022 RMLS™, Portland, Oregon. This content last updated on 5/23/2022 2:08:30 PM. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX and listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.