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2151 National Ct SE 4 Unit Apartment Building $1,130,011 CAD ($282,503 CAD/Unit) 7.09% Cap Rate Salem, OR 97306
Investment Highlights
- SE Salem, OR / Sprague School District
- Very little turn over
- End of Cul de Sac
Executive Summary
Prime Income-Generating 4-Plex in Sprague School District! Spacious 2-bedroom, 1-bath units at 1,023 sq ft each, meticulously maintained and professionally managed. Each unit boasts oversized bedrooms, cozy wood-burning fireplaces, ample storage, forced-air heating, full kitchen appliances, washer/dryer hookups, and private patios or balconies. Detached 1-car garage per unit. Beautifully landscaped, fully occupied, and tenant-responsible for water, sewer, and garbage. Pre-Sale Inspection completed—turnkey income opportunity in a highly desirable location! WVMLS835417 Cap 6%
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$91,551
|
$22.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$91,551
|
$22.37
|
| Taxes |
$9,235
|
$2.26
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$9,235
|
$2.26
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $91,551 |
| Annual Per SF | $22.37 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $91,551 |
| Annual Per SF | $22.37 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,235 |
| Annual Per SF | $2.26 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $9,235 |
| Annual Per SF | $2.26 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,130,011 CAD | Property Subtype | Apartment |
| Price Per Unit | $282,503 CAD | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.09% | Lot Size | 0.23 AC |
| Sale Condition | 1031 Exchange | Building Size | 4,092 SF |
| Gross Rent Multiplier | 13.3 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Zoning | RM2 - RM2 | ||
| Price | $1,130,011 CAD |
| Price Per Unit | $282,503 CAD |
| Sale Type | Investment |
| Cap Rate | 7.09% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.3 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,092 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
| Zoning | RM2 - RM2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,897 CAD | 1,023 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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2151 National Ct SE
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