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745 NE 16TH St

Salem, OR 97301
  • $464,000
  • STATUS: Active
  • ON SITE: 92 Days
  • MLS #: 637229774
$464,000
  • 4
    BEDS
  • 0.18
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 2,378
    SQFT
  • $195
    $/SQFT
Neighborhood:
Englewood
Type:
Single-Family Home
Built:
1926
County:
Marion
Area:
174-Marion Co: Central Salem

School Information

Elementary School:
Englewood
Middle School:
Parrish
High School:
North Salem
School Ratings & Info

Description

Turnkey investment with instant cash flow upon closing! This 4 bed, 2.5 bath has room for everyone. Great renters with a lease until July 2026. This well maintained beauty has hardwood floors, new appliances, waterproofed basement with lifetime warranty, and new wall insulation. The huge back yard has excellent ADU potential with pre-approved plans from the city, convenient alley access, and easily accessible utilities. Cap rate 6.2%, GRM 13.1. Tenant occupied. Do not disturb tenants. Offer contingent upon interior inspection.

Monthly Payment Calculator



Listing content is copyright © 2026 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Coho Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2026-03-07T03:51:54.643.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Coho Realty and should be independently verified.
www.coho.realty/homes/171136160
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745 NE 16TH St Salem, OR 97301

  • Price: $464,000
  • Status: Active
  • On Site: 92 Days
  • MLS #: 637229774
4
Beds
2
Baths
1
½ Baths
0.18
Acres
2,378
SQFT
$195
$/SQFT
1926
Built
Neighborhood:
Englewood
County:
Marion
Area:
174-Marion Co: Central Salem
Elementary School:
Englewood
Middle School:
Parrish
High School:
North Salem
Property Description
Turnkey investment with instant cash flow upon closing! This 4 bed, 2.5 bath has room for everyone. Great renters with a lease until July 2026. This well maintained beauty has hardwood floors, new appliances, waterproofed basement with lifetime warranty, and new wall insulation. The huge back yard has excellent ADU potential with pre-approved plans from the city, convenient alley access, and easily accessible utilities. Cap rate 6.2%, GRM 13.1. Tenant occupied. Do not disturb tenants. Offer contingent upon interior inspection.
Exterior Features

Architectural Style Bungalow Attached Garage YN Yes Exterior Description Wood Siding Exterior Features Deck Fenced Fire Pit Patio Porch RVParking RVBoat Storage Tool Shed Workshop Yard Foundation Details Concrete Perimeter Garage Type Attached Lot Features Level Private Parking Features Driveway RVAccess Parking Parking Total 1 Road Surface Type Paved Roof Composition View Description Territorial View YN Yes

Interior Features

Additional Room Description _4th Bedroom Additional Room Level Lower Appliances Dishwasher Disposal Free Standing Range Free Standing Refrigerator Microwave Basement Finished Full Basement Bathrooms Full Lower Level 0 Bathrooms Full Main Level 2 Bathrooms Full Upper Level 0 Bathrooms Partial Lower Level 0 Bathrooms Partial Main Level 0 Bathrooms Partial Upper Level 1 Cooling Central Air Cooling YN Yes Dining Room Level Main Family Room Level Lower Fireplace Features Gas Fireplace YN Yes Fireplaces Total 1 Heating Forced Air Heating YN Yes Interior Features Hardwood Floors Laundry Washer Dryer Kitchen11 Level Main Living Room Level Main Lower Level Area Total 918 Main Level Area Total 980 Primary Bedroom Features Cont Ensuite Primary Bedroom Level Main Second Bedroom Level Upper Third Bedroom Level Upper Upper Level Area Total 480 Window Features Vinyl Frames

Property Features

Association YN No Bank Owned YN No Farm YN No Fuel Description Gas Green Certification YN No Home Warranty YN No Hot Water Description Gas IDXAddress Display YN Yes Internet Service Type Cable Listing Terms Cash Conventional FHA VALoan New Construction YN No Property Attached YN No Property Condition Resale Property Sub Type Single Family Residence Rent Amount 2950 RVDescription RVParking RVBoat Storage Security Features Security Gate Senior Community YN No Sewer Public Sewer Short Sale YN No Tax Annual Amount 3920.29 Tax Year 2025 Water Source Public Water

Listing provided courtesy of Premiere Property Group, LLC: .


Listing content is copyright © 2026 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Coho Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2026-03-07T03:51:54.643.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Coho Realty and should be independently verified.
 
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Coho Realty
500 Liberty St SE, Suite 410
Salem OR, 97301