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Previous Description:
Turn-Key Fourplex in Prime Salem Location – Ideal Investment Opportunity!Welcome to 4803, 4813, 4823, and 4833 Future Rd NE – a well-maintained and fully occupied fourplex in a quiet residential neighborhood of northeast Salem. This property features four spacious 2-bedroom, 1-bathroom units, each offering comfortable living spaces, abundant natural light, and private garage parking. Well was done in 2022. Two units were recently updated in 2024 with modern finishes, while the other two were remodeled in 2014—offering a great balance of contemporary updates and long-term reliability. Each unit is separately metered for electricity, and tenants enjoy on-site laundry facilities and extra storage space. Situated on a 0.22-acre lot, this income-producing property has a strong rental history and consistent tenant occupancy. Major recent improvements include a new roof installed in 2022 and newer windows throughout, ensuring minimal maintenance costs for years to come. Just minutes from shopping, schools, public transit, and major commuter routes, this fourplex presents a fantastic opportunity for the savvy investor looking to expand their portfolio or generate reliable monthly cash flow. Don’t miss your chance to own a solid multi-family asset in one of Salem’s most desirable rental corridors!
Updated Description:
Turn-Key Fourplex in Prime Salem Location – Ideal Investment Opportunity!Welcome to 4803, 4813, 4823, and 4833 Future Rd NE – a well-maintained and fully occupied fourplex in a quiet residential neighborhood of northeast Salem. This property features four spacious 2-bedroom, 1-bathroom units, each offering comfortable living spaces, abundant natural light, and private garage parking. Well was done in 2022. Excellent turnkey investment opportunity featuring four fully occupied 2-bedroom, 1-bath units with dependable tenants and a proven rent history. Two units have been recently renovated, and the property includes a new well installed in 2022 and a new perimeter fence, reducing maintenance costs and increasing long-term value.This property delivers consistent income with a gross annual rent of approximately $62,000 and a net operating income (NOI) of $48,217 based on current leases. At market rents, projected gross income increases to $69,600 annually, offering immediate upside potential. With low operating expenses, no management fees, and strong local rental demand, this is an ideal addition to any investment portfolio in the Salem area. Don’t miss this high-performing multifamily asset—contact for full financials and rent history today.
