Off Market5837d on market

701 Lockwood Ln S

Salem, OR, 97302 • Sunnyslope • Marion County

$1,171,700

$199/sqft

12Beds

12Baths

5,896Sqft

0.67 acLot

1950Built

Market activity

Demand and pricing signals for this listing

1 views

People checking out this listing

5837 days on market

Established listing

$199/sqft

Price per square foot

About this home

Multi Family · Built 1950

Desirable location and long term tenants of 12, 17 & 20+ yrs. Twelve (1) Bedroom units with rents of $450 to $465. Twelve storage units fully rented for $40 each. Coin operated laundry. Additional land for more storage or future development. Individual private fenced yard. Cap rate above 8% and owner willing to carry a contract at 6%. Seller has an OR Property License. DO NOT DISTURB TENANTS.

Estimated monthly payment

Based on current rates

$7,642/month

Principal & Interest$6,080

Property Tax$1,172

Insurance$391

Down payment20% ($234,340)

3%50%

Est. 6.75% rate · 30yr fixed · $937,360 loan

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At a glance

Key facts and listing details

TypeMultiFamily

Year Built1950

ParkingNo Data

Property

Home typeMulti Family

Year built1950

Parking & Outdoor

Lot0.67 Acres

Location & Tax

NeighborhoodSunnyslope

Listing insights

Market data and value estimates

StatusOff Market

Days on market5837

Est. value$1,171,700

Est. rent$1,590/mo

Tax rate0.81%

Price/sqft$199

Last sold$522,000

Tour days6

How are the schools in Salem?

3 schools rated nearby

Salem Heights Elementary School

Elementary • Public • K-5

0.7 mi

Crossler Middle School

Middle • Public • 6-8

1.6 mi

Sprague High School

High • Public • 9-12

1.3 mi

Location

Salem, OR, 97302

Expand map

Price history

4 events

DateEventPrice$/sqftSource

Apr 2, 2010Sold$522,000$89Agent Provided

May 29, 2009Sold$500,000$85Agent Provided

Dec 26, 2008Price Change$549,000$93Homes & Land

Dec 4, 2008Listed For Sale$599,000$102Homes & Land

Sold$522,000

Apr 2, 2010•$89/sqft•Agent Provided

Sold$500,000

May 29, 2009•$85/sqft•Agent Provided

Price Change$549,000

Dec 26, 2008•$93/sqft•Homes & Land

Listed For Sale$599,000

Dec 4, 2008•$102/sqft•Homes & Land

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Neighborhood details

Local context around this listing

Salem, OR • Marion County

Nearby neighborhoods

East LancasterFaye WrightFour CornersHayesvilleMorningsideNorth LancasterNorthgateSouth GatewaySoutheast Mill CreekWest Salem

Nearby cities

AumsvilleAuroraHubbardJeffersonKeizerSalemSilvertonStayton

Nearby zip codes

97301973029730497305973069730897309973109731297317

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Value estimates

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Est. value$1,171,700

Est. rent$1,590/mo

Affordability$7,039/mo

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