745 16th St NE, Salem, OR 97301

Salem
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
Listed by: neil nelson503-444-1070
Office: premiere property group, llc. albany
MLS#:835824
Source:OR_WVMLS
745 16th St NE,Salem, OR 97301
$464,000
  • 4 Beds
  • 3 Baths
  • 2,348 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$464,000
  • Price per sq. ft.:$197.61

About this home

Turnkey investment with instant cash flow upon closing! This 4 bed, 2.5 bath has room for everyone. Great renters with a lease until July 2026. This well maintained beauty has hardwood floors, new appliances, waterproofed basement with lifetime warranty, and new wall insulation. The huge back yard has excellent ADU potential with pre-approved plans from the city, convenient alley access, and easily accessible utilities. Cap rate 6.2%, GRM 13.1. Tenant occupied. Do not disturb tenants. Offer subject to interior inspection.

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Home facts

  • Year built:1926
  • Listing ID #:835824
  • Added:90 day(s) ago
  • Updated:February 26, 2026 at 03:38 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Full bathrooms:2
  • Half bathrooms:1
  • Flooring:Carpet, Tile, Vinyl, Wood
  • Dining Description:Formal Dining Room, On Level 1
  • Kitchen Description:Dishwasher, Disposal, Microwave Included, On Level 1, Range Included
  • Bedroom Description:Master Bedroom on Level 1
  • Basement Description:Finished
  • Living area:2,348 sq. ft.

Heating and cooling

  • Cooling:Central Ac
  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Composition
  • Year built:1926
  • Building area:2,348 sq. ft.
  • Lot area:0.18 Acres
  • Architectural Style:2 Story
  • Construction Materials:Wood
  • Exterior Features:Deck, Patio, Underground Sprinklers
  • Foundation Description:Continuous

Schools

  • High school:North Salem
  • Middle school:Parrish
  • Elementary school:Englewood

Utilities

  • Water:City
  • Sewer:City Sewer

Finances and disclosures

  • Price:$464,000
  • Price per sq. ft.:$197.61
  • Tax amount:$3,920 (2025)
MLS LogoBased on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

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