Contact Agent

Map

Presented by: SMI REAL ESTATE Powered by Highrises

2728 Lancaster Dr SE, Salem, OR 97317 listing image 1

For Sale

$2,500,000

2728 Lancaster Dr SE, Salem, OR 97317

38Beds
27Baths
16912SqFt

38Beds
27Baths
16912SqFt

Property Type
Condo
Year Built
1970
Price per Sqft
$148
On highrises
116 Days

Property Details

Accepted Offer with Contingencies. Discover Tamara Manor: Your smart investment choice! Ideal location near major employers, I5 access. 16 inviting 2-bedrooms, 2 expansive 3-bedrooms, all below market rents. Recent upgrades, 11 remodeled units, 6 vintage with loyal, long-term tenants. Achieve a 5.86% Cap rate based on actual operating data. Owner financing available. Your gateway to affordable comfort and savvy investment awaits in this upgraded 18-unit haven.

Property Features

Bedrooms

Bedrooms: 38

Bathrooms

Total Bathrooms: 1.5 / 1.5
Full Bathrooms: 27

Land Info

Lot Size Acres: 0.89
Lot Size Square Feet: 38768

Multi-Unit Info

Number of Units: 18
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 1.5
Total Bathrooms in Unit-2: 1.5

Other Property Info

Annual Tax Amount: 20119
Source Listing Status: ACTIVE UNDER CONTRACT
County: Marion
Cross Street: Saddle Club St SE
Cap Rate: 5.86
Directions: South on Lancaster Dr past Hwy 22. Property is on the East side of Lancaster Dr SE just North of Eden St SE.
Source Property Type: Multi Family
Area: 35 SUBURBAN E SALEM/SOUTH
Source Neighborhood: 35 SUBURBAN E SALEM/SOUTH
Parcel Number: 529431
Property Subtype: Multi- (5+)
Source System Name: C2C

Commercial Info

Net Operating Income: 146476

Building and Construction

Total Square Feet Living: 16912
Year Built: 1970
Building Exterior Type: Exterior Color: Beige
Living Area Source: County
Property Age: 54

Property History

Property Price

Date	Event	Price	Price/Sq Ft	Source
01/24/2024	Listed	$2,500,000	$148	Willamette
07/20/2000	Sold	$605,000	$36	Public Record

Property Tax

Year	Taxes	Land	added to	Additions	equals	Total assessments
2022	$18,968	-	+	-	=	$995,200
2021	$18,426	-	+	-	=	$966,220
2020	$17,889	-	+	-	=	$938,080
2019	$17,260	-	+	-	=	$910,760
2018	$17,565	-	+	-	=	$884,240
2017	$15,853	-	+	-	=	$858,490
2016	$15,100	-	+	-	=	$833,490

Neighborhood

Environmental Risk

Presented by:
Patrick Mulhern
state license#201216883

Broker Location:

KEIZER

Data Source:

Willamette

Source's Property ID:

812745

Data Source Copyright:

Discover More

Learn more about 2728 Lancaster Dr SE

Popular High-rise Cities

All Cities

$2,500,000

2728 Lancaster Dr SE, Salem, OR 97317