One Tenant leases all four renovated units and pays sewer/water, and common area electric. 6.9 CAP! Older architecturally beautiful home converted to apartments decades ago. Near Salem Hospital, Willamette University, Capitol buildings, downtown. Over $50,000 in recent upgrades. Property consists of 2 legal parcels being consolidated, making the structure conforming. Final recording of approved plat expected by 1/1/25. 500-year and 100-year flood plain. County build date of 1956 not guaranteed by Seller.
Co-Listed By
LAND AND WILDLIFE LLC tm, EXCLUSIVE PARTNER OF LANDLEADER tm License #201232307
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Est. Annual Taxes
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Overview
Additional Features
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/28/2025 02/28/25 | Sold | $511,000 | -8.6% | $238 / Sq Ft |
| 01/16/2025 01/16/25 | Price Changed | $559,000 | -3.6% | $260 / Sq Ft |
| 11/25/2024 11/25/24 | For Sale | $580,000 | +88.6% | $270 / Sq Ft |
| 12/13/2019 12/13/19 | Sold | $307,500 | -0.8% | $143 / Sq Ft |
| 05/17/2019 05/17/19 | Price Changed | $310,000 | -3.1% | $144 / Sq Ft |
| 11/21/2018 11/21/18 | For Sale | $320,000 | -- | $149 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,083 | $157,020 | -- | -- |
| 2023 | $2,992 | $152,450 | $0 | $0 |
| 2022 | $2,821 | $148,010 | $0 | $0 |
| 2021 | $2,741 | $143,700 | $0 | $0 |
| 2020 | $2,661 | $139,520 | $0 | $0 |
| 2019 | $2,647 | $135,460 | $0 | $0 |
| 2018 | $2,613 | $0 | $0 | $0 |
| 2017 | $2,358 | $0 | $0 | $0 |
| 2016 | $2,246 | $0 | $0 | $0 |
| 2015 | $2,263 | $0 | $0 | $0 |
| 2014 | $2,190 | $0 | $0 | $0 |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $243,750 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $166,500 | Purchase Money Mortgage | |
| Previous Owner | $101,500 | Purchase Money Mortgage |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $511,000 | First American Title | |
| Warranty Deed | $307,500 | First American Title | |
| Warranty Deed | $222,000 | Amerititle | |
| Interfamily Deed Transfer | $8,430 | Fidelity Natl Title Co Of Or |
$574,900
Great income property! Conveniently located 4-plex with long term tenants. featuring updated units exterior paint, new lifetime metal roof. Property has off street parking. Basement set up for coin-op laundry on its own meter. Buyer to due their own due diligence on other possible uses. 3 units on 1 year leases 1 unit on month to month.
Joel Gander GANDER PROPERTY GROUP
$475,000
Accepted Offer with Contingencies. Located in a great neighborhood for shopping, restaurants and other activities with the Oregon State Fairgrounds close by. Two 3 bedroom 2 bath units with easy access to I-5. New roof in January of 2025. Pictures of unit 2572 prior to tenants moving in. Please do not disturb Tenants. Showings with accepted offer only. Showings must adhere to Oregon State
Tony Trout SANDY LYNESS REAL ESTATE INVESTMENTS, LLC
$599,900
House with self contained ADU. House was built in 1937 and features 3 bedrooms, 2 bathrooms, a full basement and 1375sf. Many updates in the house. ADU completed in 2025. It has 3 bedrooms, 1 bathroom and 897sf. Both share a wide gravel driveway and have enough room for 2 cars each unit. Great for investment, multigenerational living and more.
Katy Rosecrans SMI REAL ESTATE
$510,000
Solid investment opportunity! 3 bed / 1.5 bath townhouse style duplex located on a cul-de-sac, close to I-5. Property sits between Silverton Road and Portland Road which provides tenants with easy access to transportation and shopping. Please do not disturb the tenants. Showing upon accepted offer to purchase.
Chris Salaz SMI REAL ESTATE
$589,500
Excellent investment property. Duplex (4bd-2ba / 2bd-1ba) seperate utilities with space south of current building for additional unit! Current units with inside Utility rooms. 2 Bd unit has NO STEPS & all electric w/ductless heat pump. 4 bd has newer forced air gas furnace and tankless water heater. Both with wood burning Fireplace. Both units rebuilt from Studs in 2020 all new electric,
Donald Meyer PIKES NORTHWEST, INC
$570,000
Accepted Offer with Contingencies. Great South Salem Duplex 3x2 2 story unites. This is a perfect opportunity for investors and or owner occupied. Unit 6090 is vacant and ready to show any time for your buyers convenience. Unit 6094 is rented at $1895. Units have separate water meters, tenants pay their own utilities. Buyers to do their own diligence. Seller to do no repairs.
LORENA TORRES ARREDONDO CENTURION REAL ESTATE SERVICES
Source: Willamette Valley MLS
MLS Number: 823472
APN: 595171
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Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson