1 of 42 - 4434 Lancaster Dr, Salem, OR Save the listing
2 of 42 - 4434 Lancaster Dr, Salem, OR
3 of 42 - 4434 Lancaster Dr, Salem, OR
4 of 42 - 4434 Lancaster Dr, Salem, OR
5 of 42 - 4434 Lancaster Dr, Salem, OR
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4434 Lancaster Dr, Salem, OR

$749,900

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3,591

Square feet

0.31

Acres

About 4434 Lancaster Dr

Amazing investment opportunity in Salem!Fully rented with good tenants on this 4-plex investment!Conveniently located near shops, college, and bus lines!New roof in 2019 and exterior touch ups! New coin operated laundry installed onsite for extra revenue. Below market rents! Great %5.67 cap rate on this investment and pro forma %7.19 w/ plenty of value to take it to the next level!

Features of 4434 Lancaster Dr

MLS® # 24172729
Price $749,900
Units 4
Square Footage 3,591
Acres 0.31
Year Built 1964
Type Multi Family
Status Active

Community Information

Address 4434 Lancaster Dr
Area 176 - Marion Co: East Salem N
City Salem
County Marion
State OR
Zip Code 97305

Interior

Heating Baseboard
Fireplace No

Exterior

Exterior T-111 Siding
Roof Shake

School Information

Elementary Hayesville
Middle Stephens
High McKay

Additional Information

Date Listed April 24th, 2024
Days on Market 25
Zoning RM
Short Sale No
RE / Bank Owned No
Cap Rate 5.68

Unit 1 Details

Beds 2
Baths 1
Rent $1,150
Features Range, Refrigerator

Unit 2 Details

Beds 2
Baths 1
Rent $919
Features Range, Refrigerator

Unit 3 Details

Beds 2
Baths 1
Rent $919
Features Range, Refrigerator

Unit 4 Details

Beds 2
Baths 1
Rent $1,064
Features Range, Refrigerator

Listing Details

OfficeHomeSmart Realty Group

Listing Map

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