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Four-Duplex Multifamily Property
For Sale
$1,200,000

400 S McArthur, Salem, MO 65560

Eight residential units combine long-term tenancy with furnished short-term rental operations and individual garage access.

Property Size1,158 SF
Price / SF$1,036
Days on Market54

Property Features for 400 S McArthur

General Information

Standard status Active
Size 1,158 SF
Property subtype Multi-Family

Units

Unit Mix 8 x 2BR/2BA
Multifamily Units 8
Parking per Unit 1

Additional Details

Road Access Yes

Building Details

Year Built 2011
Buildings 4
Tenancy Multi
Listing Agency: Elwood Real Estate LLC
Listed By: Ahleesha Elwood
Source: Nations-network
Added: Jul 9 Changed: Aug 29 Last Checked: Aug 30 at 7:54PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elwood Real Estate LLC

Investment Insights

Based on property information with market context.

This multifamily property comprises four duplexes with eight residential units, each measuring 1,100 square feet and configured with two bedrooms, two bathrooms, and a one-car garage. Units include refrigerators, stoves, dishwashers, microwaves with exhaust fans, and laundry hookups. Four residences are furnished and equipped with washers, dryers, and wireless internet for short-term rental use, while the other four are occupied by long-term tenants.

Four units front S. McArthur Street and four front S. Henderson Street, with all residences using a shared entrance from Dent Street. The property is located at 400 S McArthur in Salem, near shopping, dining, and everyday necessities. The S. McArthur-facing units overlook Salem’s holiday parades. Built in 2011, the property also has short-term rentals with Superhost status on Airbnb.

Key Highlights

  • Four duplexes containing 8 total units
  • Each unit offers 1,100 sq ft, 2 bedrooms, 2 bathrooms, and a 1‑car garage
  • Four long‑term tenant units and four furnished short‑term rentals

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store HVAC Service Storage Facility Computer & Electronic Repair Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

545
Businesses Nearby

Demographics for 65560, MO

13,292
Population
6,355
Households
2.1
Avg Household Size
45
Median Age
18%
College-Educated
85%
High-School Grad
664.2 sq mi
ZIP Area
20
Density / Sq Mi
$53,423
Median Household Income
$33,606
Median Earnings
$625
Median Rent
$141,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Eight residential units combine long-term tenancy with furnished short-term rental operations and individual garage access.
Where is this multifamily property located?
The property is located at 400 S McArthur Salem, MO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four duplexes containing 8 total units; Each unit offers 1,100 sq ft, 2 bedrooms, 2 bathrooms, and a 1‑car garage; Four long‑term tenant units and four furnished short‑term rentals
More about this property
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