3890 Lancaster Dr NE, Salem, OR 97305
4 Beds
2 Baths
2,506 sqft

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Great opportunity for investors and developers! The property is located in the popular multi-family areas, duplex that is always rented with high cap rate hard to find in the most cities! The land is extra value! Next to community college, this property has everything investors are looking for! Do not disturb tenants, offers subject to interior inspection. Many updates inside and out. Call for financial assistance to purchase!
  • Price:
  • $530,000
  • Bedrooms:
  • 4
  • Square Footage:
  • 2,506
  • Year Built:
  • 1949
  • Listing ID #:
  • 19445283
  • Street Address:
  • 3890 Lancaster Dr NE
  • City:
  • Salem
  • State:
  • Oregon
  • Postal Code:
  • 97305
  • County:
  • Marion
  • Subdivision:
  • Hayesville
  • Listing Status:
  • Active
0
out of 5

Lamb Elementary School
Public
K-5
490 students
18 student/
teacher
2
out of 5

Stephens Middle School
Public
6-8
1500 students
19 student/
teacher
1
out of 5

McKay High School
Public
9-12
2499 students
20 student/
teacher
  • Foundation:
  • Crawl Space
  • Siding:
  • Brick, Cedar
  • Stories:
  • 2
  • Total Building Square Footage:
  • 2506
  • Type Of Roof:
  • Composition
  • Unit 1 - Square Footage Available:
  • 1756
  • Unit 1 Monthly Rent:
  • 1750
  • Unit 2 - Square Footage Available:
  • 750
  • Unit 2 Monthly Rent:
  • 950
  • Unit Features:
  • Fireplace, Hardwood Floors, Range, Washer/Dryer Hookup, Air Conditioning
  • Unit1 Bathrooms:
  • 1
  • Unit1 Bedrooms:
  • 3
  • Unit1 Features:
  • Fireplace, Hardwood Floors, Range, Air Conditioning
  • Unit2 Bathrooms:
  • 1
  • Unit2 Bedrooms:
  • 1
  • Unit2 Features:
  • Range, Washer/Dryer Hookup
  • Year Built:
  • 1949
  • Adjusted Gross Income:
  • 32400
  • Net Operating Income:
  • 28760
  • Conforms To Zoning:
  • Rm
  • Lot Description:
  • Level, Private, Gated
  • Lot Size:
  • 20, 000 Sqft To .99 Acres
  • Legal Description:
  • Acres 0.91
  • List Date:
  • 2019-02-22
  • Terms:
  • Call Listing Agent, Cash, Conventional
  • Property Taxes:
  • $3,538
  • Parking Description:
  • Open, Paved
  • Heating Description:
  • Forced Air
  • Heating Fuel:
  • Gas
  • Sewage Type:
  • Available, Public Sewer
  • Water Amenities:
  • Well
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Keller Williams Sunset Corridor
  • All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated 5/22/2019 3:41 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. ORREG
  • Schools information provided by ATTOM

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