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    3310 Crawford St Salem, OR 97302

    For Sale
    $2,950,000

    Luxury 12-unit apartment building, high ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A multifamily investment opportunity presents a brand-new, 12-unit apartment building in desirable South Salem, Oregon. Completed in 2023, this property boasts four three-story buildings situated on a 0.37-acre lot, maximizing efficiency and density within the RM2 zoning. The 7,616 square feet of net rentable space is divided into twelve units, each offering unique features. Each unit includes two private garages and a private entrance. Main level units also feature a private entrance to the studio bedroom. Access to the second and third-floor units is via a shared common area entrance. The property's prime location provides convenient access to local amenities, including Starbucks and Roth's Fresh Markets, enhancing its appeal to tenants. With a compelling asking price of $2,950,000 ($245,833 per unit) and a 5.64% cap rate, this property represents a strong investment opportunity in a thriving market. The property's design and location combine to offer a high-demand rental property with significant potential for long-term growth and profitability. This is a turnkey operation ready for immediate income generation.

    Property Features for 3310 Crawford St

    General Information

    Property type
    Multifamily properties
    Class
    A
    Lot Size
    16,117 SF

    Building Details

    Year Built
    2023
    Buildings
    4
    Stories
    3
    Units
    12

    HighLights

    • Three‑story multifamily buildings.
    • Excellent South Salem location.
    • Portfolio of four buildings totaling twelve units.
    • Private garages and individual unit entrances.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -123.046623
    Latitude
    44.908117

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    FAQs

    What type of property is this?
    Multifamily property - Luxury 12-unit apartment building, high ROI.
    Where is this multifamily property located?
    The property is located at 3310 Crawford St Salem, OR.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: Three-story multifamily buildings.; Excellent South Salem location.; Portfolio of four buildings totaling twelve units.
    Request Owner's contact information
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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
    3310 Crawford St Salem, OR 97302
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