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    241 NW 25Th St Salem, OR 97301

    For Sale
    $950,000

    MULTI_FAMILY - Salem, OR

    Property size:
    4,292 SF
    Lot size:
    0.21 Acres
    Days on Market:
    158
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 241 NW 25Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM
    Rooms
    Bedroom 1, Bathroom 5, Bedroom 6, Bedroom 11, Bedroom 9, Bathroom 1, Bathroom 8, Bedroom 7, Bedroom 14, Bedroom 2, Bathroom 4, Bedroom 13, Bathroom 2, Bedroom 4, Bedroom 8, Bathroom 3, Bedroom 5, Bathroom 7, Bedroom 10, Bathroom 6, Bedroom 3, Bedroom 12
    Bedrooms
    14
    APN
    571801
    Size
    4,292 SF
    Lot size
    0.21 Acres

    Building Details

    Year built
    1996
    Floors in Building
    1
    Number of units
    4
    Roof type
    Composition

    Keller Williams Realty Mid Willamette (541) 738-7770 [email protected]

    Listing agent Susan Long (541) 738-7770

    Listing date Jul 1, 2025

    MLS# 254623360 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Salem Multifamily Investment

    This turnkey four-unit investment property features a new exterior paint, fencing, and repairs. One of the four units, a four-bedroom unit, is currently vacant, presenting an opportunity for owner-occupancy or market-rate rental. The property, purpose-built with a total of 14 beds and 8 baths, includes a newer roof and fiber cement siding. On-site laundry facilities and ample parking are available. The property is designed for low maintenance and low expenses, situated in a convenient location. The unit mix includes three four-bedroom units and one two-bedroom unit. Separate electrical meters are in place. The lot size is 0.21 acres and the property size is 4292 square feet. The zoning is RM.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.009677
    Latitude
    44.93429

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property with updated exterior and potential for owner-occupancy.
    Where is this quadplex located?
    The property is located at 241 NW 25Th St Salem, OR.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Turnkey 4-unit investment property with updated exterior paint, fencing, and repairs.; - **One vacant 4-bed unit ideal for owner-occupancy or market-rate rental.**; - Purpose-built with a rare unit mix: (3) 4-bed units and (1) 2-bed unit.
    (541) 738-7770
    Request Owner's contact information
    241 NW 25Th St Salem, OR 97301
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    Salem, OR 97301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    241 NW 25Th St Salem, OR 97301
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