Fantastic investment opportunity! This 4-plex is located within the desirable Sprague High School boundary and offers convenience with nearby shopping and essential amenities. One unit has been completely remodeled, showcasing modern updates, while the other units are in excellent condition. A perfect addition to your rental portfolio or an excellent option for owner-occupied living with rental income potential. Don’t miss out on this well-maintained property in a prime location!
Home Type
Est. Annual Taxes
Year Built
Lot Details
Home Design
Kitchen
Flooring
Bedrooms and Bathrooms
Laundry
Outdoor Features
Schools
Utilities
Listing and Financial Details
Overview
Building Details
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/28/2025 03/28/25 | Sold | $870,000 | -4.9% | $213 / Sq Ft |
| 03/25/2025 03/25/25 | Pending | -- | -- | -- |
| 01/16/2025 01/16/25 | For Sale | $915,000 | +207.6% | $224 / Sq Ft |
| 04/30/2014 04/30/14 | Sold | $297,500 | -3.3% | $73 / Sq Ft |
| 04/11/2014 04/11/14 | Pending | -- | -- | -- |
| 04/03/2014 04/03/14 | For Sale | $307,500 | -- | $75 / 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 | $6,741 | $343,350 | -- | -- |
| 2023 | $6,543 | $333,350 | $0 | $0 |
| 2022 | $6,169 | $323,650 | $0 | $0 |
| 2021 | $5,993 | $314,230 | $0 | $0 |
| 2020 | $5,818 | $305,080 | $0 | $0 |
| 2019 | $5,613 | $296,200 | $0 | $0 |
| 2018 | $5,713 | $0 | $0 | $0 |
| 2017 | $5,156 | $0 | $0 | $0 |
| 2016 | $4,911 | $0 | $0 | $0 |
| 2015 | $4,948 | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $620,000 | New Conventional | |
| Previous Owner | $150,000 | Credit Line Revolving | |
| Previous Owner | $340,000 | New Conventional | |
| Previous Owner | $352,563 | FHA | |
| Previous Owner | $232,500 | Commercial | |
| Previous Owner | $298,357 | New Conventional | |
| Previous Owner | $213,750 | New Conventional | |
| Previous Owner | $240,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $205,600 | Purchase Money Mortgage |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $870,000 | Amerititle | |
| Warranty Deed | $385,000 | First American | |
| Bargain Sale Deed | -- | Ticor Title | |
| Warranty Deed | $297,500 | Ticor Title | |
| Warranty Deed | $285,000 | Fidelity Natl Title Co Of Or | |
| Warranty Deed | $257,000 | First American |
$899,000
Solid investment opportunity! 4 plex located on a cul-de-sac in desirable part of South Salem. Close to shopping, and I-5 access. Tenants pay all utilities except for water/sewer. Please do not disturb the tenants.
Chris Salaz SMI REAL ESTATE
$700,000
Beautiful duplex built in 2019. Both sides currently rented. Easy income. Appreciating asset. Low maintenance, newer build. Solid surface counter tops. High end finishes, appliances. W/D included. HOA includes front landscaping and parking lot maintenance. Close to schools and shopping. A must see property. .
Patrick Jackson BERKSHIRE HATHAWAY HOMESERVICES R E PROF
$775,000
Professionally managed, fully leased three 2-bedroom units and one 1-bedroom unit. Tenants play all utilities except for water and sewer. Units have washer and dryer hook-ups. Large sized lot provides for an opportunity to build additional units.
Andi Costello Venture Commercial Real Estate
$705,000
Newly completely remodeled duplex on double lot! Front unit has 4 bedrooms (downstairs can be office) and two full baths plus laundry room with W/D hook ups. Back unit has 2 bedrooms and 2 full bathrooms plus laundry room with W/D hook ups. Ductless Heat/AC units in each room, Cadet heaters in each bathroom. Newer from the top down! Covered and secure breezeway between units. Great investment
Chris Forrette COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
$1,025,000
Turn-key 5-plex in a prime West Salem location, offered at a 6.5% cap rate. Each unit features 2 bedrooms, 1.5 baths, in-unit laundry, and covered parking—ideal for attracting quality, long-term tenants. Built in 1977 with a history of low vacancy and strong performance. Close to downtown, shopping, hospitals, and major commute routes. Steady cash flow and long-term appreciation makes this a
George Michael Wright RE/MAX INTEGRITY - SALEM
$695,000
Solid Owner Occupant or Investment opportunity in NE Salem! This well maintained 4-Plex offers a great price point, rental upside & (1) Vacant downstairs unit ready for an owner occupant or Market rate tenant. All units are 2 bed/1 bath/916 SF with large primary bedroom, laundry hookups & 1 car garage. Owner pays Water/Sewer/Garbage. Long term owner & stable rental history. Roof replaced in
Jordan Sparks SMI REAL ESTATE
$824,900
Well-Maintained duplex on a spacious 0.58-acre lot with buildable potential. Both sides offer 2-car garages, a 5-year-old roof & generous 2,096 square feet per unit. Also offers stainless steel appliances & large fenced yards. Accessibility includes walk-in showers & a ramp. #4455 offers new fixtures. Whether you're an investor or looking to live in one unit and rent the other, this property is
Julia COATES EXP REALTY, LLC
Source: Willamette Valley MLS
MLS Number: 824516
APN: 591813
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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