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400 S Mcarthur , Salem, MO 65560

$1,200,000
  • 400 S Mcarthur , Salem, MO 65560 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET1,158 MLS#26015177
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONDents South Add SCHOOLSalem R-80

Property Description

Turnkey Investment Opportunity - 4 Duplexes (8 Units) in Prime Salem LocationExcellent 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.

400 S Mcarthur | MLS# 26015177

This multi-family property located at 400 S Mcarthur , Salem, MO 65560 is currently listed for sale with an asking price of $1,200,000. S Mcarthur is located within the Salem R-80 school district. Search Salem real estate on www.redkeystlouis.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Cooling: Central Air, Electric
Garage: 1 car attached
Heating: Electric, Forced Air, Heat Pump
Home Style: Apartment Style
Lot Size: 0.85 Acres
Roof Type: Architectural Shingle
Taxes: $8,582
Year Built: 2011

Feature Descriptions

Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Electric Range, Refrigerator, Washer/Dryer, Electric Water Heater
Exterior: Vinyl Siding
Fencing: None
Laundry: Electric Dryer Hookup, Inside, Laundry Room, In Unit, Washer Hookup
Lot: City Lot, Corner Lot, Front Yard
Parcel#: 08-6.0-13-4-54-001.000
Parking: Driveway, Garage, Garage Door Opener, Off Street
Parking Notes: Driveway, Garage, Garage Door Opener, Off Street
SQFT. Above Grade: 1158
Units: 8
Water: Public

Local Schools

High School: Salem Sr. High
Middle School: Salem Jr. High
Elementary School: Salem Upper Elem.
School District: Salem R-80

Listed By / Shown By

Listed By

Agency Name: Elwood Real Estate LLC

Shown By

Agency Title: RedKey Realty Leaders
Agency Phone: 314-692-7200

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Estimated Payment

$ 7,602.94 per month $6,537.77 Principal & Interest $715.17 Property Tax $350.00 Homeowner's Insurance

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David Ames, Sales Manager, NMLS #738479

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