Description
Unlock the potential of this 0.78 acre property situated in one of South Salems most desirable neighborhoods. Surrounded by top rated schools, major medical offices, and located on bus line, this site offers excellent connectivity with easy access to I5 and downtown Salem. A strategic location for savvy investors and developers. The property is zoned for Multi Family residential, allowing for a variety of development options including duplexes, triplexes, 4 plexes, or a larger multi unit complex with a potential density of up to 31 units per acre. Utilities are accessible with power and city water to the property, sewer and stormwater nearby. The existing home is a comfortable 3 bedroom, 2 bathroom single level residence spanning approximately 1990 sqft. It's connected to city water and a private septic system, with an additional well onsite for irrigation ideal for maintaining the property. Mature fir, sequoia, pine, numerous fruit trees, raised garden beds, and lush landscaping you are buying your own private oasis. Add income producing units, subdivide, or hold for future appreciation, this is a rare find with endless potential in an unbeatable location.Please do not enter the property without an appointment. Home is occupied.
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3BEDS
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0.78ACRES
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2BATHS
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01/2 BATHS
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1,990SQFT
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$276$/SQFT
School Information
Description
Unlock the potential of this 0.78 acre property situated in one of South Salems most desirable neighborhoods. Surrounded by top rated schools, major medical offices, and located on bus line, this site offers excellent connectivity with easy access to I5 and downtown Salem. A strategic location for savvy investors and developers. The property is zoned for Multi Family residential, allowing for a variety of development options including duplexes, triplexes, 4 plexes, or a larger multi unit complex with a potential density of up to 31 units per acre. Utilities are accessible with power and city water to the property, sewer and stormwater nearby. The existing home is a comfortable 3 bedroom, 2 bathroom single level residence spanning approximately 1990 sqft. It's connected to city water and a private septic system, with an additional well onsite for irrigation ideal for maintaining the property. Mature fir, sequoia, pine, numerous fruit trees, raised garden beds, and lush landscaping you are buying your own private oasis. Add income producing units, subdivide, or hold for future appreciation, this is a rare find with endless potential in an unbeatable location.Please do not enter the property without an appointment. Home is occupied.
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