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$465,000
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Property Description
Turnkey investment with instant cash flow upon closing! This 4 bed, 2.5 bath has room for everyone. Great renters with a lease until July 2026. This well maintained beauty has hardwood floors, new appliances, waterproofed basement with lifetime warranty, and new wall insulation. The huge back yard has excellent ADU potential with pre-approved plans from the city, convenient alley access, and easily accessible utilities. Cap rate 6.2%, GRM 13.1. Tenant occupied. Do not disturb tenants. Offer subject to interior inspection.
Full Property Details
Full Property Details for 745 16th St NE
General
- Price: $465,000
- Taxes: $3,920 (2025)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 835824
- Updated: 12/9/2025
- Added to Site: 44 day(s) ago
Interior
- Flooring: Carpet, Tile, Vinyl, Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Parking
- Garage Description: Attached
Location
- County: CENTRAL SALEM
- Subdivision: Englewood Addition
- Driving Directions: Market St, S on 17th St, W on D St, N on 16th St
School Information
- Elementary School: Englewood
- Middle School: Parrish
- High School: North Salem
Heating & Cooling
- Heating/Cooling: Gas, Central AC, Forced Air
Utilities
- Sewer: Yes
- Water: City
Structural Information
- Basement Desc.: Finished
- Roof: Composition
- Square Feet: 2,348
- Year Built: 1926
Lot Features
- Lot Size (Acres): 0.18
- Lot Description: 10
Financial Considerations
- Price Per Sq. Ft.: $198.04
- Assessment Year: 1926
- Tax Amount: $3,920
- Tax Year: 2025
Disclosures and Reports
- APN: 14x12
- Lot Number: 10
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Schools
Schools serving 745 16th St NE
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Englewood Elementary School 1132 19th Street Northeast, Salem, OR 97301 | K-5 | 0.4 mi |
Parrish Middle School 802 Capitol Street Northeast, Salem, OR 97301 | 6-8 | 0.3 mi |
North Salem High School 765 14th Street Northeast, Salem, OR 97301 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 745 16th St NE
Date
Details
Price
Change
Source
12/04/2025
Listed
$465,000
16.25%
MLS
7/27/2021
Sold
$400,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 745 16th St NE
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,638
3%
$185,270
3%
2023
$3,530
6%
$179,880
6%
2021
$3,334
-3%
$169,570
-3%
2022
$3,432
6%
$174,650
6%
2020
$3,237
7%
$164,640
3%
2019
$3,029
-2%
$159,850
3%
2018
$3,083
11%
$155,200
3%
2017
$2,783
5%
$150,680
3%
2016
$2,651
-1%
$146,300
3%
2015
$2,670
3%
$142,040
3%
2014
$2,584
6%
$137,910
3%
2013
$2,444
—
$133,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 745 16th St NE
745 16th St NE, Salem, OR 97301 (MLS# 835824) is a Single Family property with 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 745 16th St NE is currently listed for $465,000 and was received on December 04, 2025. Want to learn more about 745 16th St NE? Do you have questions about finding other Single Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

