$1,200,000

Multi Family In Salem

  • 1,158 Sqft
  • 37,114 Sqft lot
  • Updated: March 31
  • Source:
    MARIS MLS  MLS#26015177

About the Property

Turnkey Investment Opportunity – 4 Duplexes (8 Units) in Prime Salem Location
Excellent opportunity to own four duplexes totaling eight 1,100 sq ft units, each offering 2 bedrooms, 2 bathrooms, and a 1-car garage. Ideally located in the heart of Salem on a high-traffic road, this property combines strong visibility with consistent demand. Four units have road frontage on S. McArthur Street, an
Turnkey Investment Opportunity – 4 Duplexes (8 Units) in Prime Salem Location
Excellent opportunity to own four duplexes totaling eight 1,100 sq ft units, each offering 2 bedrooms, 2 bathrooms, and a 1-car garage. Ideally located in the heart of Salem on a high-traffic road, this property combines strong visibility with consistent demand. Four units have road frontage on S. McArthur Street, and four units have road frontage on S. Henderson Street, all sharing a common entrance off Dent Street, providing excellent access and circulation.
Currently, four units are occupied by long-term tenants, while the remaining four units operate as successful short-term rentals with Super-host status on Airbnb. These short-term rentals enjoy strong, repeat annual occupancy from Road Rally participants and spectators, as well as fishermen, hunters, hikers, kayakers, and river adventurers. The property is also frequently utilized by contractors working with nearby mines and other large employers, further strengthening year-round demand.
All units are equipped with refrigerators, stove, dishwasher, microwave with exhaust fan, and washer/dryer hookups in the laundry room. The Airbnb units are fully furnished, include washers and dryers, and are networked for wireless internet, allowing for seamless short-term rental operations.
The location is exceptional—close to shopping, dining, and everyday necessities. The S. McArthur Street units provide front-row views of Salem’s holiday parades, creating added appeal for short-term guests. This central location makes the property ideal for Airbnb/VRBO guests and long-term tenants alike.
Low-maintenance and income-producing, this property is a rare opportunity to own a diversified, turnkey investment in a high-demand area.
  • Property type

    Other

  • Year built

    2011

  • Price/sqft

    $1,036

Features

Features

Lot

Indoor

  • Washer Dryer
  • Bar
  • Laundry Room
  • Walk In Closet

Outdoor

  • Parking
  • Garage
  • Garden

Explore the Area

400 S McArthur, Salem, Missouri, United States View on Google Maps
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Elwood Real Estate LLC - Salem

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Elwood Real Estate LLC - Salem
Missouri, United States
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Elwood Real Estate LLC - Salem
Salem, Missouri, United States
View agency profile
Last updated
March 31
First listed
Mar 31
Listing reference
26015177
Listing status
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