2288 NORTHGATE AVE NE $4,800,000


    2288 NORTHGATE AVE NE Salem, OR 97301

    • 0 Beds
    • 0 Baths
    • Multi-Family
    Listing# 19358017 | Pending
    Days On Market: 152 22 Views
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    Property Details

    Oak Manor has undergone numerous upgrades including new flooring, and the kitchens feature newer countertops, cabinetry and appliances. The pool has been remodeled in addition to upgraded equipment. Tenants benefit from the convenient parking options, seasonal pool, on-site laundry facilities and secure common grass area. Located within the N Gateway Urban Renewal Area.

    • General Features
      • Area Marion Co: East Salem N
      • Bank Owned Y/N No
      • Capitalization Rate 5.83
      • Cooling Description Wall Unit(s)
      • Country US
      • Fuel Description Electricity
      • Gross Income Actual 418816
      • Gross Income Projected 503276
      • Gross Rent Multiplier 11.46
      • Heating Description Baseboard
      • Hot Water Description Gas
      • Net Income Actual 279610
      • Net Income Projected 359002
      • Number Of Units Total 44
      • Occupancy Types Leased,Month to Month
      • Operating Expenses Actual 139207
      • Operating Expenses Projected 144274
      • Sewer Description Public Sewer
      • Short Sale Y/N No
      • Stories 2
      • Supplement Number 0
      • Tax Amount 34360.83
      • Terms Call Listing Agent
      • Third Party Approval Y/N No
      • Utilities Included Trash Collection,Sewer,Water
      • View Y/N No
      • Water Description Public
      • Year Built 1970
      • Zoning CR
    • Building Features
      • Common Amenities Commons,Laundry,Pool
      • Exterior Description Wood Siding
      • SqFt Approximate Building Total 32856
      • Storage None
      • Unit Type1 Baths Total 1
      • Unit Type1 Beds Total 1
      • Unit Type1 Features Dishwasher,Disposal,Refrigerator,Air Conditioning
      • Unit Type1 Rent 755
      • Unit Type1 SqFt 575
      • Unit Type1 Units Total 40
      • Unit Type2 Baths Total 2
      • Unit Type2 Beds Total 2
      • Unit Type2 Features Dishwasher,Disposal,Refrigerator,Air Conditioning
      • Unit Type2 Rent 936
      • Unit Type2 SqFt 825
      • Unit Type2 Units Total 4
      • UnitFeatures Dishwasher,Disposal,Refrigerator,Air Conditioning
      • UnitTypeType 1,2
    • Room Features
      • Basement Foundation Crawl Space
      • Legal Description ACRES 1.48
      • Limited Representation Y/N Full Service
    • Property Features
      • Lot Size 1 to 2.99 Acres
      • Parking Description Open,Paved
      • Property Category Multi-Family
      • Roof Type Shingle
    • Schools
      • High School McKay
      • Middle School Waldo



    97301 (Salem) Demographics

    33Median Age
    4,725Population Density (per sq. mile)
    23%College Educated
    $37,569 Estimated Median Income
    8,013Estimated Total Home Owners
    9,965Estimated Total Renters
    45% / 55%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    54,743Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $215,000 Median Sales Price
    10 Homes Sold
    87 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $4,800,000
        9/9/2019 4:06:43 PM Status Changed Source New Value: Pending
        5/15/2019 3:07:00 PM New in Database Source

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