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3928-3934 Auburn Rd NE 4 Unit Apartment Building $836,156 CAD ($209,039 CAD/Unit) 5.84% Cap Rate Salem, OR 97301

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INVESTMENT HIGHLIGHTS

  • 4 Plex opportunity for investors
  • Close to shopping, bus line, and everyday conveniences
  • Strong rental history, and an unbeatable price
  • Single level four plex on a large 9,583 sq ft lot
  • Includes assigned parking for two cars plus access to a shared laundry room

EXECUTIVE SUMMARY

INVESTOR ALERT, an Incredible 4 Plex Opportunity! Rare chance to own a single level four plex on a large 9,583 sq ft lot tucked down a private lane. Close to shopping, bus line, and everyday conveniences. Each spacious 2 bedroom, 1 bath unit is approximately 980 sq ft and includes assigned parking for two cars plus access to a shared laundry room. Three units are currently rented at $1,195 per month, providing immediate income with room to grow. Solid bones, strong rental history, and an unbeatable price make this an ideal project for investors seeking cash flow and value add potential.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $836,156 CAD
Price Per Unit $209,039 CAD
Sale Type Investment
Cap Rate 5.84%
Sale Conditions
Bulk/Portfolio Sale
  • Lease Option
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.22 AC
Building Size 3,920 SF
No. Stories 1
Year Built 1970
Parking Ratio 0.51/1,000 SF
Zoning RM

AMENITIES

UNIT AMENITIES

  • Dishwasher
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Carpet
  • Patio

SITE AMENITIES

  • Laundry Facilities
  • Private Bathroom
Bike Score®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 38425878

  • Date on Market: 2025-11-12

  • Last Updated:

  • Address: 3928-3934 Auburn Rd NE, Salem, OR 97301

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