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Size: 0.18 Acres
Type: House
Home: 4 beds - 2 full baths - 1 half bath - 2,378 Sq Ft

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SINGLE_FAMILY - Bungalow - Salem, OR

Turnkey investment with instant cash flow upon closing! This 4 bed, 2.5 bath has room for everyone. Great renters with a lease until July 2026. This well maintained beauty has hardwood floors, new appliances, waterproofed basement with lifetime warranty, and new wall insulation. The huge back yard has excellent ADU potential with pre-approved plans from the city, convenient alley access, and easily accessible utilities. Cap rate 6.2%, GRM 13.1. Tenant occupied. Do not disturb tenants. Offer contingent upon interior inspection.

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Source:First Street

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Source: ListHub, MLS# 637229774
Listing status: Active
Listing last updated: February 25, 2026 at 2:40 AM
Listing last checked: February 25, 2026 at 2:30 AM
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