$750,000
SOLD MAR 3, 2025

1976 Broadway St NE Salem, OR 97301

Highland Neighborhood
-- Bed
-- Bath
3,300 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$227 Per Sq Ft

8 Days on Market

Highlights

  • Territorial View
  • 1 Car Garage
  • Level Lot
  • Forced Air Heating System
  • High Speed Internet
  • 1-Story Property

About This Home

As of March 2025

Four plex located in Central Salem...near schools, businesses, parks and freeway access! Add this property to your investment portfolio! Many updates in the last 5 years, including roof, gutters, downspouts, storm drain lines to the street along with electrical panels. All units have had flooring replaced in the last 7 years or less. 2 units have been remodeled including kitchens, bathrooms, plumbing and light fixtures. At current market rent. Rent out three units and live in one of the units. Buyer to verify all information. Please do not disturb tenants. Call your favorite real estate agent for more information!

Last Agent to Sell the Property

Shelby Peterson

Windermere Northwest Living Brokerage Phone: 360-846-3559 License #201233467

Windermere Northwest Living

Last Buyer's Agent

Konni Ditgen

eXp Realty LLC License #201216148

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,311

Year Built

  • Built in 1968 | Remodeled

Lot Details

  • 9,583 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Garage
  • Carport

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation
  • Wood Composite

Interior Spaces

  • 3,300 Sq Ft Home
  • 1-Story Property
  • Territorial Views
  • Crawl Space
  • Security Lights

Schools

  • Highland Elementary School
  • Parrish Middle School
  • North Salem High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number 567144

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $5,311
  • Gross Income $67,800
  • Net Operating Income $60,876

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,311

Year Built

Built in 1968 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1968
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage,Locked
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: WoodComposite
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level, PublicRoad
  • Road Surface Type: Concrete, Paved
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: Carport, Garage
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Security: SecurityLights
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Highland
  • High School: North Salem
  • Middle Or Junior School: Parrish

Lot Info

  • Zoning: City
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9583.0
  • Parcel #: 567144

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5310.69

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 11.06
  • Annual Gross Income: 67800.0
  • Property Net Operating Income: 60876.0
  • Annual Operating Expense: 5311.0

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2025 03/03/25 Sold $750,000 0.0% $227 / Sq Ft
01/18/2025 01/18/25 Pending -- -- --
01/10/2025 01/10/25 For Sale $750,000 -- $227 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History

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 $5,311 $270,480 -- --
2023 $5,154 $262,610 $0 $0
2022 $4,860 $254,970 $0 $0
2021 $4,721 $247,550 $0 $0
2020 $4,583 $240,340 $0 $0
2019 $4,422 $233,340 $0 $0
2018 $4,500 $0 $0 $0
2017 $4,062 $0 $0 $0
2016 $3,869 $0 $0 $0
2015 $3,898 $0 $0 $0
2014 $3,746 $0 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $481,124 FHA
Previous Owner $151,498 New Conventional
Previous Owner $147,035 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $750,000 Ticor Title
Warranty Deed $490,000 Amerititle
Contract Of Sale $250,000 Amerititle
Warranty Deed $202,000 First American
Interfamily Deed Transfer -- Amerititle
Source: Public Records

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    • 4 Baths
    • 2,200 Sq Ft
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    Section Image

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 131605725

Regional Multiple Listing Service (RMLS)

APN: 567144