About This Home

This 2-bedroom, 2-bathroom residential multi family at 400 S McArthur in Salem, MO is listed for $1,200,000 ($1,036 per sqft). Built in 2011, the home offers 1,158 sqft of living space on a 0.85 acres lot.

Key Features

  • Built in 2011
  • 0.85 acre lot

Property Details

1 story
2 full
2011

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$6,418/mo

20% down · 6.5% · 30 years

Principal$868
Interest$5,200
Insurance$350

Estimates only. Actual payments may vary.

Location

400 S McArthur

Salem, MO 65560

Dents South Add

Property Details

Flooring

CarpetConcreteVinylLaminate

Construction

Vinyl Siding

Parking

OpenOff StreetGarageDriveway

Heating

Forced AirElectric (Heating)Heat Pump (Heating)

Cooling

ElectricCentral Air

Appliances

DishwasherDisposalDryerExhaust FanMicrowaveElectric RangeRefrigeratorWasher/DryerElectric Water Heater

Questions & Answers

This 2-bedroom, 2-bathroom residential multi family at 400 S McArthur is listed at $1,200,000 ($1,036/sqft). The estimated monthly payment is $6,418 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2011, 0.85 acre lot.

This property is listed by Ahleesha Elwood and can be reached at (573) 729-2955.

AE

Ahleesha Elwood

Agent at Elwood Real Estate LLC

(573) 729-2955

Listed by Elwood Real Estate LLC · Broker phone: (573) 729-2955 · View on Broker Site

MLS# 26015177· Source: South Central Board of Realtors-MO· 13 days on PropertySimple

Copyright © 2026 South Central Board of Realtors-MO. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

400 S McArthur, Salem, MO 65560

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