Twitter
Facebook
Email
|
Investor Opportunity in the heart of Salem! This tenant-occupied property offers immediate cash flow with a Section 8 tenant in place and a recently renewed lease, making it an excellent opportunity for both seasoned and first-time investors alike. Built in 1900, the home features spacious living areas, generously sized bedrooms, and plenty of original character throughout. Recent improvements include a newer roof (2021) and water heater (2022), helping minimize major upfront expenses for the next owner. The property also offers public water and sewer, a basement for additional storage potential, and a private backyard space. Conveniently located near local shopping, dining, schools, and major roadways. Whether you're looking to expand your rental portfolio, secure reliable long-term income, or explore future value-add potential, this property offers multiple investment angles. Strong opportunity to renovate and increase future resale value or refinance once vacant. A solid addition to any investment portfolio with built-in income already in place!
| DAYS ON MARKET | 0 | LAST UPDATED | 6/5/2026 |
|---|---|---|---|
| TRACT | NONE AVAILABLE | YEAR BUILT | 1900 |
| COMMUNITY | Salem City (21713) | COUNTY | SALEM |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| School District | SALEM CITY SCHOOLS |
|---|
| PRICE HISTORY | |
| Prior to Jun 5, '26 | $99,900 |
|---|---|
| Jun 5, '26 - Today | $97,500 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Gas Water Heater |
| AREA | Salem City (21713) |
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Frame |
| HEAT | Forced Air, Natural Gas |
| LOT | 10454 sq ft |
| LOT DIMENSIONS | 37.00 x 284.00 |
| PARKING | Other |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| STYLE | Other |
| SUBDIVISION | NONE AVAILABLE |
| TAXES | 3244 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Mark
Gaetjen to contact you even if your name is on a Federal or State
"Do not call List".
Listing provided by RE/MAX Revolution
The multiple listing data appearing on this website, or contained in reports produced therefrom, comes in part from Metropolitan Regional Information Systems ("MRIS"). The information provided is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All real estate listings include detailed information about them that includes the name of the listing brokers and therefore may reference real estate listing(s) held by a brokerage other than the broker and/or agent who owns this web site.
All listing data, including, but not limited to, square footage and lot size is believed to be accurate, but the listing agent, listing broker and respective Multiple Listing Services and their affiliates do not warrant or guarantee such accuracy. Therefore, all data should be personally verified through personal inspection by and/or with the appropriate professionals. Listing data last updated 6/6/26 1:34 AM PDT.
The listing information on this web site is from various brokers who participate in IDX.
Copyright 2026 MRIS. All rights reserved.
All listing data, including, but not limited to, square footage and lot size is believed to be accurate, but the listing agent, listing broker and respective Multiple Listing Services and their affiliates do not warrant or guarantee such accuracy. Therefore, all data should be personally verified through personal inspection by and/or with the appropriate professionals. Listing data last updated 6/6/26 1:34 AM PDT.
The listing information on this web site is from various brokers who participate in IDX.
Copyright 2026 MRIS. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.