241 NW 25th St

Salem, OR 97301

$950,000
Price
—
Beds
—
Baths
4,292 Sq. Ft.
$221 / Sq. Ft.
4,292
Sq. Ft.
$221
per Sq. Ft.
a view of a door of the house
a view of a house with a yard
a view of a house with a yard
a view of a big building
a view of balcony with two chairs and a window
a car parked in front of a house
a picture of a book and a white wall

Description

Worth another look! Updated price reflects brand new exterior paint, fencing & repairs-this is a true turnkey 4-unit investment. One 4-bed unit is vacant, ideal for owner-occupant or renting at market rate. Purpose-built with 14 beds, 8 baths total, newer roof, fiber cement siding, on-site laundry & ample parking. Low-maint, low-expense property in a convenient location with great cash flow & market upside. Rare unit mix: (3) 4-bed + (1) 2-bed. Separate electrical meters. More info available-call...Worth another look! Updated price reflects brand new exterior paint, fencing & repairs-this is a true turnkey 4-unit investment. One 4-bed unit is vacant, ideal for owner-occupant or renting at market rate. Purpose-built with 14 beds, 8 baths total, newer roof, fiber cement siding, on-site laundry & ample parking. Low-maint, low-expense property in a convenient location with great cash flow & market upside. Rare unit mix: (3) 4-bed + (1) 2-bed. Separate electrical meters. More info available-call today!
  1. Listed by Susan Long • Keller Williams Realty Mid-Willamette

Property Details for 241 Northwest 25th Street

Parking Features
Off Street, Paved
Zoning
RM
Parking Total
12.00
LISTING UPDATED: 07/01/2025 10:10 AM

Property Details for 241 Northwest 25th Street

StatusActive
MLS #254623360
Days on Market267
Taxes$8,348 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1996
Lot Size0.21 AC / 9,147 SF
CountyMarion County

Location

Listing Courtesy of Keller Williams Realty Mid-Willamette
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Building Information for 241 Northwest 25th Street

Stories1Residences4Year Built1996Building Size-Lot Size0.21 AC / 9,147 SF

Payment Calculator

$5,390 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,694

Property Taxes

$696

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 241 Northwest 25th Street

Summary
Location and General Information
  • Country: US
  • Directions: Turn left on State Street
  • Road Surface: Paved
School Information
  • Elementary School: Other
  • High School: South Salem
  • Middle Or Junior School: Other
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $8,347.95
  • Parcel Number: 571801
  • Tax Legal Description: EAST SIDE ADD SALEM LOT 12
Property
Lot Information
  • Acres: 0.21
  • Lot Size Square Feet: 9147.0
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1996
Utilities
  • Fuel Description: Electricity
  • Heating Description: Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding, Lap Siding
  • Roof Type: Composition
Interior Features
  • Stories: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $76,524.00
  • Gross Rent Multiplier: $12.41
  • Net Income Actual: $53,000.00
  • Operating Expense: $23,524.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • Common Amenities: Laundry
  • SqFt Approximate Building Total: 4292
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 1.10
  • Unit Type 1 Beds Total: 4
  • Unit Type 1 Features: Dishwasher, Range, Refrigerator
  • Unit Type 1 Rent: $1,568
  • Unit Type 1 SqFt: 1073.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Baths Decimal: 1.10
  • Unit Type 2 Beds Total: 4
  • Unit Type 2 Features: Dishwasher, Range, Refrigerator
  • Unit Type 2 Rent: $1,750
  • Unit Type 2 SqFt: 1073.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 2
  • Unit Type 3 Baths Decimal: 1.10
  • Unit Type 3 Beds Total: 4
  • Unit Type 3 Features: Dishwasher, Range, Refrigerator
  • Unit Type 3 Rent: $0
  • Unit Type 3 SqFt: 1073.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 2
  • Unit Type 4 Baths Decimal: 1.10
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Dishwasher, Range, Refrigerator
  • Unit Type 4 Rent: $1,500
  • Unit Type 4 SqFt: 1000
  • Unit Type 4 UnitsTotal: 1

Schools near 241 Northwest 25th Street

This home is within Salem-Keizer School District 24j.
Rating
School
Type
Grades
Distance
Richmond Elementary School
Public - K to 5
Leslie Middle School
Public - 6 to 8
South Salem High School
Public - 9 to 12
Roberts High School
Public - 7 to 12
Rating
School
Distance
Richmond Elementary School
PublicK to 5

Leslie Middle School
Public6 to 8

South Salem High School
Public9 to 12

Roberts High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 241 Northwest 25th Street, Salem, OR 97301

241 Northwest 25th Street is a multi-family home for sale in Salem, OR 97301. This property was listed for sale on March 21, 2025 by Keller Williams Realty Mid-Willamette, it's currently listed at $950,000. This listing's school district is Salem-Keizer School District 24j. Nearby schools include Richmond Elementary School, Leslie Middle School and South Salem High School. 241 Northwest 25th Street is a 0-bed, 0-bath, 4,292 sqft multi-family home built in 1996.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Mid-Willamette

All 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 Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2025 RMLS, Portland, Oregon. Last updated: 07/01/2025 10:10 AM