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745 NE 16th St, Salem, OR 97301

Local realty services provided by:CENTURY 21 North Homes Realty
745 NE 16th St,Salem, OR 97301
$464,000
  • 4 Beds
  • 3 Baths
  • 2,378 sq. ft.
  • Single family
  • Active
Listed by: neil nelson
Office: premiere property group, llc.
MLS#:637229774
Source:PORTLAND

Price summary

  • Price:$464,000
  • Price per sq. ft.:$195.12

About this home

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.

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Home facts

  • Year built:1926
  • Listing ID #:637229774
  • Added:53 day(s) ago
  • Updated:January 27, 2026 at 12:18 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Full bathrooms:2
  • Half bathrooms:1
  • Living area:2,378 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1926
  • Building area:2,378 sq. ft.
  • Lot area:0.18 Acres

Schools

  • High school:North Salem
  • Middle school:Parrish
  • Elementary school:Englewood

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$464,000
  • Price per sq. ft.:$195.12
  • Tax amount:$3,920 (2025)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. 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 CENTURY 21 North Homes Realty are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: January 27, 2026

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