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$725,000
Listing Price2beds
4baths
3,591sqft
13,504sqft lot
4438 Lancaster Dr Ne, Salem, OR 97305
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
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!
Interior Details
3591
2
4
Has Heating:
Yes
Heating Type:
Baseboard
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
Yes
Fuel Type:
Oil
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
13504
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Quadraplex
N/A
N/A
Gable
Composition Shingle
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$3,940
$0
$0
--%
$237,910
2019
$3,970
$0
$0
--%
$230,990
2018
$4,015
$0
$0
--%
$224,270
2017
$3,158
$0
$0
--%
$217,740
2016
$3,023
$0
$0
--%
$211,400
2014
$2,772
$0
$0
--%
$199,280
2013
$2,675
$0
$0
--%
$193,480
2012
$2,645
$0
$0
--%
$191,250
Average Home Price in 97305
Nearby Properties
Zip Code
Price
Bed
Bath
Sqft
Lot
Sold Date
$725,000
$725,000
2 Beds
4 Baths
3,591 Sqft
13,504 Lot (sqft)
Sold 10/13/2026
