Sold

400 S McArthur, Salem, MO 65560

Sqft
1,158
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byElwood Real Estate LLC
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Overview

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.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
1
Square feet
1,158
Lot size (acres)
0.85
Year built
2011

Interior features

Laundry
Electric Dryer Hookup, In Unit, Inside, Laundry Room, Washer Hookup

Garage and parking

Garage parking spaces
1

Utilities

Heating
Electric, Forced Air, Heat Pump, Exhaust Fans
Cooling
Central Air, Electric
Water
Public Water

Taxes

Tax Annual Amount (2025)
$8,582

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: MARIS MLS MLS®#: 26015177 Last checked:

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.