MLS# 24404350 – 409 N 3rd St, Silverton, OR 97381 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of RE/MAX HomeSource.

Property Description

Description

3 Units

Status: Active

Year Built: 1920

Days on Website: 74

Excellent, rare investment opportunity in Silverton! 3 separate units on 1 lot. Units in good condition. New gutters, windows, siding and exterior paint. Newer seamed metal roof. Please do not disturb tenants. Offers subject to interior inspection.

Property Details and Features

Property Access

Road Surface Type:

Gravel

Basement

Basement:

CrawlSpace

Building

Built in 1920

Storage:

None

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Cooling

Cooling:

None

Expenses

Operating Expense:

$3,460

Exterior Features

Exterior Description:

CementSiding,LapSiding

Foundation

Foundation Details:

Skirting

Heating

Heating:

WallHeater

Income

CAP Rate:

9.64

Gross Income:

$37,200

Gross Rent Multiplier:

9.41

Net Operating Income:

$33,740

Listing

Contract Status Change Date:

2024-02-16

Days On Market:

Last Transaction Date:

2024-04-13 18:52:56

List Price:

$349,900

Listing Contract Date:

2024-02-16

Listing Id:

24404350

Mls Status:

Active

Modification Timestamp:

2024-04-13 18:52:56

On Market Date:

2024-02-16

Rent Includes:

Water

Standard Status:

Active

Location

MLS Area Major:

_170

County Or Parish:

Marion

Lot

Features:

Level

Size Acres:

0.11

Size Range:

SqFt3000to4999

Size Square Feet:

4,791

Size:

3,000 to 4,999 SqFt

Parking

Features:

Driveway

Possession

Possession:

Negotiable

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

Res

Roof

Roof:

Metal

Schools

High School:

Silverton

Middle Or Junior School:

Silverton

Elementary School:

Robert Frost

Security Features

Features:

Unknown

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$1,604

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,100

Area:

300

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$1,000

Area:

360

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$1,000

Area:

480

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$349,900 -

409 N 3rd St Silverton , OR 97381

MLS Area Major: _170

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on April 30, 2024 2:45AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.