2431 Strong Hts LnSalem, OR 97302

Property Details for 2431 Strong Hts Ln

Year built

2024

Lot size

0.06 AC

Property size (Sq ft)

2,614 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 24-unit apartment complex presents a compelling investment opportunity in Salem, Oregon's thriving Fairview area. Comprising twelve three-story buildings, each unit boasts modern amenities including private garages, private entrances, stacked washer/dryer units, granite countertops, stainless steel appliances, and modern recessed lighting. Hard surface flooring throughout adds to the sophisticated feel. The efficient design maximizes space and functionality. Each building offers a main-level bedroom with a private entrance, plus access to upper-level units via a shared common area entrance. Built in 2024, this new construction adheres to the latest building codes and energy standards, ensuring both efficiency and longevity. The property sits on lots ranging from 0.06 to 0.17 acres and offers a total square footage ranging from 2,614 to 7,405 square feet. The complex benefits from its prime location adjacent to a future city park, promising continued growth and high demand. With a 5.98% cap rate and a price per unit of $291,625, or $583,250 per building, this portfolio represents a strong return on investment. The FMU zoning designation further enhances its potential. This is a turnkey opportunity for discerning investors seeking a high-quality, high-performing multifamily asset in a rapidly developing area.

Location Insight

City

Salem

County

Marion

State

Oregon

Latitude

44.8972

Longitude

-123.011

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.