3310 Crawford St Salem, OR 97302
- Apartment buildings
- 0.37 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 3310 Crawford St
- Year built
- 2023
- Lot size
- 0.37 lot acres
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.047
- Latitude
- 44.9081
