3487 Orchard Heights Rd Salem, OR 97304
Property profile & analytics
3487 Orchard Heights Rd Salem, OR 97304
- Residential income homes
- 3,950 SF
- 4.65 lot acres
Property ID
US71-0209248
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- 1904Project / Landscaping / Garden Center
Property Details for 3487 Orchard Heights Rd
- Year built
- 2013
- Lot size
- 4.65 lot acres
- Property size
- 3,950 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a three-unit single-family rental portfolio situated on a spacious 4.65-acre lot in Salem, Oregon. The property consists of three upgraded homes, offering significant cash flow potential. The main house, built in 2013, boasts 2 bedrooms, 2 bathrooms, and an office that could easily function as a third bedroom, all within 3,950 square feet of living space. Two additional one-bedroom, one-bathroom homes provide further rental income. Currently, one unit generates $1250 monthly rent, with potential for increased rental income in the other two units, estimated at $1500-$1800 per month each. The property also includes a large barn with a game room above, ample parking, a riding mower, a spring-fed pond, an open shed, and a covered RV area. The property is zoned SR. The asking price is $1,500,000, representing $500,000 per unit and $379.75 per square foot. The seller is motivated and will consider carrying a portion of the financing over $1,000,000 at a 3% interest rate. This property offers a unique blend of income generation and attractive acreage, making it an ideal investment for discerning buyers. The current occupancy rate is 33%. Additional improvements include tile and marble throughout the homes. A 20x30 auxiliary building provides extra storage or potential for expansion.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Polk
- State
- Oregon
- Longitude
- -123.10095
- Latitude
- 44.962935
