745 NE 16TH ST, Salem, OR 97301
ENGLEWOOD · Marion County
Key Facts
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. Great tenants with lease through July 2026. Rent is $2950 per month.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Bungalow
Year Built
1926
Stories
3
Living Area
2,378 sq ft
Lot Size
0.18 acres
Garage Spaces
1
Parking Spaces
1
Days on Market
52
MLS® Listing#
637229774
Property Features
Exterior
Appliances
Cooling
Heating
Flooring
Fireplace
Basement
Parking
Patio
Fencing
Lot Features
Foundation
Roof
Security
Other Structures
Sewer
Water Source
Schools
- Elementary:
- Englewood
- Middle:
- Parrish
- High:
- North Salem
Financial Details
HOA
None
Annual Taxes
$3,920
Tax year 2025
Parcel Number
572138
Directions
Market St, S on 17th St, W on D St, N on 16th St
Affordability Calculator
$92,800
Estimated monthly payment
$2,470/mo
Principal $371,200 · Est. interest $517,857 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Salem, OR
- $482,540
- Median Listing Price
- 167
- Median Days on Market
- 1,811
- Median Sq Ft
- $267
- Median Price / Sq Ft
- 322
- Active Listings
- This home’s price is 4% below the area median.
- Its price per sq ft is 27% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Salem, OR.
Location
Points of Interest in Salem, OR
Showing the Salem area map.
Nearby Schools
North Salem High School
Secondary · 0.1 mi away
The Early Learning Center
School · 0.2 mi away
Parrish Middle School
Secondary · 0.3 mi away
Englewood Elementary School
Elementary · 0.4 mi away
St John Lutheran Church
Elementary · 0.5 mi away
Salem-Keizer Public Schools
School · 0.6 mi away
St Joseph School
Secondary · 0.6 mi away
Grant Community School
Elementary · 0.7 mi away
Bush Elementary School
Elementary · 0.8 mi away
Salem Montessori School
Elementary · 0.9 mi away
Capital Christian School
School · 0.9 mi away
Richmond Elementary School
Elementary · 0.9 mi away
Downtown Learning Center
School · 1.0 mi away
Cosa
School · 1.0 mi away
Hoover Elementary School
Elementary · 1.1 mi away
St Vincent de Paul School
Secondary · 1.1 mi away
Highland Elementary School
Elementary · 1.2 mi away
Sunny Day Preschool
School · 1.3 mi away
R & S Welding Mentors Trade School
Secondary · 1.5 mi away
Wallace Learning Tree
School · 1.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 495 FORD ST SE, Salem, OR | $324,900 | 3 | 1 | 1,350 |
| 3054 SURFWOOD DR, Salem, OR | $329,900 | 3 | 2 | 1,026 |
| 1564 CENTER ST NE, Salem, OR | $344,900 | 3 | 2 | 2,222 |
| 3735 WILTON AVE, Salem, OR | $345,000 | 3 | 2 | 1,266 |
| 1760 NORWAY ST NE, Salem, OR | $349,000 | 4 | 2 | 1,540 |
| 2270 CENTER ST, Salem, OR | $349,000 | 3 | 1 | 1,048 |
Moving Cost Estimate
EXIT Agents in Salem
Listing Courtesy: Premiere Property Group, LLC - 5036709000
Presented by: Neil Nelson
Last Updated: 2025-12-04