275 Hood St NE

The property can be sold “as-is” with development permits issued by the City of Salem. The project is expected to cost $400,000.00 to complete. The final project will offer 3 units in total with a basement under the original home that will be separated into mini-storage for each tenant. Two of the units will be 581 SF 1 bed 1 bath. The original residence on the site is being remodeled into a 720 SF 2 bed 1 bath. All units are designed to have wash/ dryer along with the regular appliances.

Zoning Code

CO (The zoning will transition to Mixed Use Riverfront with the City Council adoption of the updated Comprehensive Plan, Zone Code, and Zone Map.)

Property Taxes

• Parcel Number: 584422
• Improvements Assessment: $0
• Land Assessment: $0
• Total Assessment: $49,990