2 months on rocket

365 16th St, Salem, OR, 97301

$645,000

Home List Price

$7,659*

Closing Credit

0 Baths
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

365 16th St, Salem$645,000

Buyer Closing Credits

$7,659*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingDriveway, Open
Year Built1901
HeatingForced Air
BasementYes
MLS #24198739
Lot Size0.19 Acres
StatusActive

About 365 16th St

This charming 6-unit apartment building in Salem, Oregon, presents an excellent investment opportunity with modern amenities and a prime location. Currently at 100% occupancy, the property has recently been upgraded with new sewer lines, a roof replacement, exterior siding, deck reconstruction, and fresh paint. The units feature laminate flooring, central heating, and a variety of floor plans, including 5 one-bedroom/one-bath units and 1 two-bedroom/one-bath unit. Additional features include basement storage and ample parking in a spacious, unpaved area at the rear. Conveniently situated near Aldrich Park, Willamette University, and the Capitol Building, this property offers easy access to a lovely neighborhood.

Property Details

Property Features

Property Information:

  • Year Built: 1901

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Phone: (503) 413-0974
  • Listing Agent: Alex Paiz

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, Open

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: Mill Street SE / 16th Street SE

Price Information

Listing Price Info

Price Summary:

  • List Price: $645,000
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Salem, OR.

Map thumbnail provided by MapBox

Salem, OR

City

Med. Sold Price

$435K

Med. Price/SqFt

$260

Avg. Days On Market

50

# of Sold Homes

67

365 16th St vs Salem

83 DAYS ON ROCKET

+33 Days

$645,000

+$210K More

KEY TAKEAWAY

This property is $210K more than the Median Sold Price in Salem, OR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Regional Multiple Listing Service, Inc.
  • MLS Number: #24198739

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Phone: (503) 413-0974
  • Listing Agent: Alex Paiz

IDXThe 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 another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/3/2024, 11:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,287

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,000

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3467039
5
/10

  • Bush Elementary School

  • 410 14th St SE

  • 0.14 miles

  • Public District Grades KG-5

school-card-donut-3467040
5
/10

  • Richmond Elementary School

  • 466 Richmond Ave SE

  • 0.54 miles

  • Public District Grades KG-5

school-card-donut-3467041
4
/10

  • Englewood Elementary School

  • 1132 19th St NE

  • 1.04 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,546. Typical income of Salem, OR residents is less than $35k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 365 16th St

What is the listing price of this property?

The listing price of 365 16th St property is $645,000.

What type of property is this?

The property 365 16th St is a house located in Salem, Oregon, 97301.

Is this property for sale now?

Active Listing: 365 16th St is For Sale (Active/New) which means the seller is accepting offers.

Which year was this property built?

The year of construction for 365 16th St is 1901.

Rocket Homes›Oregon›Marion County›Salem›97301›365 16th St

This home is located at 365 16th St in Salem, OR and zip code 97301 in the Capital Park neighborhood. This home, which was built in 1901, sits on a 0.19 acre lot. It has been listed on Rocket Homes since September 11, 2024 and is currently priced at $645,000.

While more than 20 listings in Salem, OR in November 2024 were sold above asking price, there were more than 24 listings sold at asking price, and more than 23 were sold below. The number of homes for sale in Salem, OR decreased by 11% between October 2024 and November 2024. While the average time on the market in November 2024 was 50 days, the median list price was $435,000.

From Rocket Homes Real Estate and based on county public records data.

More Resources