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Listed by LAUREN PLANT • STELLAR REALTY NORTHWEST • 541-678-4470

$ 650,000

Est. payment -/mo

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2221-2229 Timothy Drive Dr NW NW Salem, OR 97304

6 Beds

4 Baths

2,936 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,936 sqft

Price per Sqft $221

Subdivision West Salem Standard Nbhd

MLS Listing ID 831450

Bedrooms 6

Year Built 1973

Annual Tax Amount $5,589

Tax Year 2024

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Triplex

Property Description

This is a phenomenal opportunity to own a newly remodeled 3 unit multiplex. Property sits in the NW hills with views of Mt Hood. 3 plex appraisal was done in March 2025 and valued at $700,000.00. 3 brand new electric panels. 2 new kitchens, new flooring and carpet through out, new paint, 1 new water heater. This property was a custom built, featuring beautiful custom windows through the units. Also features a ton of cedar finishes including ceilings. CREATIVE FINANCE AVAILABLE! CREATIVE FINANCE AVAILABLE – Zero down for owner occupied buyers. Must be able to qualify for conventional finance.Estimated Rents:Studio - $1000-$1,200 a month2 bed 1 bath - $1,695 a month3 bed 2 bath - $2,300 - $2,400 a month

Location

State OR

County Polk

Area 60 Northwest Salem

Rooms

Basement Partial, Unfinished

Dining Room Area (Combination)

Interior

Hot Water Electric, Gas

Heating Gas, Electric, Wood, Central AC, Hot Water, Stove, Forced Air

Flooring Carpet, Luxury Vinyl Plank, Tile

Fireplaces Type Living Room, Stove

Laundry Laundry Center, W/D Hookup

Exterior

Fence Partial

View Mountain, Territorial

Roof Type Composition

Building

Foundation Pier

Sewer City

Water City

New Construction No

Schools

Elementary Schools Brush College

Middle Schools Straub

High Schools West Salem

Others

Acceptable Financing FHA, Federal VA, Cash, Conventional

Listing Terms FHA, Federal VA, Cash, Conventional

Virtual Tour https://www.zillow.com/view-imx/02a75de1-5747-45a7-9395-dd77a0a1e1a1?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Heather Randall

EXP REALTY, LLC | Lic# 201214843

+1(971) 678-8330