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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 vinyl plank flooring throughout, updated kitchens with new cabinets, countertops, fixtures, and appliances. The exterior features, fresh paint, and improved stormwater drainage. Additional amenities include a detached on-site laundry room, 8 paved parking spaces, fenced perimeter with privacyslats, and professionally maintained grounds with mature trees, shrubs, and raised garden beds for tenant use.
Property Facts
| Price Per Unit | $181,040 CAD | 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 | $181,040 CAD |
| 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 | $325,383 CAD |
| Land Assessment | $110,582 CAD | Total Assessment | $435,964 CAD |
Property Taxes
Parcel Number
584375
Land Assessment
$110,582 CAD
Improvements Assessment
$325,383 CAD
Total Assessment
$435,964 CAD
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