OR > Salem
Salem, OR 97305,4434-4440 Lancaster Dr NE NE
Salem, OR 97305,4434-4440 Lancaster Dr NE NE
Salem, OR 97305,4434-4440 Lancaster Dr NE NE
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Listed by SHAREEF HAGAG • HOMESMART REALTY GROUP • Agent: 503-510-2607
$799,900
Est. payment /mo
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8 Beds
4 Baths
3,591 SqFt
Active Under Contract

4434-4440 Lancaster Dr NE NE Salem, OR 97305

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Key Details

Property Type Multi-Family

Sub Type 4-Plex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,591 sqft

Price per Sqft $222

MLS Listing ID 834211

Bedrooms 8

Year Built 1964

Annual Tax Amount $4,731

Tax Year 2024

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type 4-Plex

Property Description

Accepted Offer with Contingencies. House hack 101 alert! 1 Unit left unrented for owner occupant financing potential! Live in one of the units allows for 5% down payment opportunity! Great way to build your asset equity over time! Or buy as an investment with an estimated CAP of 8.36% using potential $6400 a month in total rents ($1600 per unit). “Big ticket” updates done makes for huge value on this one! ALL units painted inside and out, ALL new flooring, baths redone, lighting, and exterior paint for a clean look! Major plumbing and sewer line replacements includes, ALL new drain line system as well! Done by LOCAL licensed plumbing company! New electrical panels for ALL units done by licensed local electrician! Major crawl space work includes sealing and vapor barrier! New roof in 2019! Conveniently located near shops, college, and bus lines! Whether you're looking for an investment property or your first house-hack, this 4-plex “pencils” even with these rates!

Location

State OR

County Marion

Area 20 Central Salem

Interior

Hot Water Gas

Heating Baseboard

Flooring Laminate

Laundry Laundry Center

Exterior

Fence Yes

Roof Type Shake

Building

Foundation Continuous

Sewer City

Water City

New Construction No

Schools

Elementary Schools Hayesville

Middle Schools Adam Stephens

High Schools Mckay

Others

Acceptable Financing FHA, Federal VA, Cash, ODVA, Conventional

Listing Terms FHA, Federal VA, Cash, ODVA, Conventional

Willamette Valley MLS (WVMLS)

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Donna Jo Merrifield

Donna Jo Merrifield

Principal Broker/OR Area Leader | Epique Realty | License ID: 971200102

+1(541) 981-1436

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4434-4440 Lancaster Dr NE NE