269 Cameo St NW, Salem, OR 97304

A very unique property in West Salem featuring two lots, one with an existing and well cared for 4-plex and the other a .65a bare lot. Current zoning is EFU (exclusive farm use) on the additional land but if rezoned may allow for the development of an additional 4-8 units. The units are all 2 bedroom/1 bath, each with a garage unit and fenced yard. Two units recently turned over recently and were completely remodeled to "like new" condition and are getting market rents of $1,200/m. Two other units have decade plus tenants and are rented far below market at $700 and $650/m each. This is a very desirable property in a hot market. The property is very well cared for, has newer roofs and some new fencing, and is very close to grocery shopping and transit services. The excess land has a small barn structure on it for an owner to use for storage, gardening, etc.  « show less

A very unique property in West Salem featuring two lots, one with an existing and well cared for 4-plex and the other a .65a bare lot. Current...  show more »