$695,000
$40K PRICE DROP

Estimated payment $4,341/month

Total Views 8,595
8 Beds
4 Baths
3,664 Sq Ft
$190 Price per Sq Ft

Highlights

  • Zoned Heating
  • Dining Area
  • Carpet
  • High Speed Internet
  • Wood Siding

About This Home

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 2013. Full property inspection on file. Make an Offer!

Listing Agent

Jordan Sparks

SMI REAL ESTATE License #200610098

SMI REAL ESTATE

Co-Listing Agent

Elesa Doll

SMI REAL ESTATE License #200708163

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,539

Year Built

  • Built in 1978

Lot Details

  • 10,019 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding
  • T111 Siding

Interior Spaces

  • 3,664 Sq Ft Home
  • Dining Area
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Schools

  • Adam Stephens Middle School
  • Mckay High School

Utilities

  • Zoned Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Legal Lot and Block 7 / 2

Community Details

Overview

  • 4 Units
  • 3639 47Th Ave Ne A D Community
  • Polaris Estates Subdivision

Building Details

  • Water Sewer Expense $230

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,539

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: 4-Plex
  • Home Warranty: Negotiable
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: 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 2013. Full property inspection on file. Make an Offer!
  • Cross Street: Silverton Rd
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate, Vinyl
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 189.68
  • Price Per Sq Ft: 189.68

Exterior Features

  • Exterior Color: Green
  • Foundation: Continuous
  • Roof: Composition
  • Siding: Wood
  • Siding Style: T111

Utilities

  • Heating: Electric, Zonal
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Electric
  • Sewer: City
  • Water/Sewer: 230

Schools

  • Middle School: Adam Stephens
  • High School: McKay

Lot Info

  • Acres: 0.23
  • Estimated Lot Sq Ft: 10019
  • Lot: 7
  • Price Per Acre: 3021739.13
  • Zoning: RM
  • Property Name: 3639 47th Ave NE A-D
  • Property Use Type: Investment, Vacant/Owner-User
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 24-25
  • Tax Account Number: 558422
  • Tax Amount: 5539

Multi Family

  • Number Of Units: 4

MLS Schools

  • HighSchool: McKay
  • Middle School: Adam Stephens

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $5,539 $321,150 -- --
2023 $5,242 $311,800 $0 $0
2022 $4,951 $302,720 $0 $0
2021 $4,906 $293,910 $0 $0
2020 $4,758 $285,350 $0 $0
2019 $6,872 $277,040 $0 $0
2018 $4,708 $0 $0 $0
2017 $3,776 $0 $0 $0
2016 $3,607 $0 $0 $0
2015 $3,567 $0 $0 $0
2014 $3,351 $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2025 04/07/25 Price Changed $695,000 -5.4% $190 / Sq Ft
01/27/2025 01/27/25 For Sale $735,000 -- $201 / Sq Ft
Source: Willamette Valley MLS

Deed History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Similar Home in Salem, OR

  • 952 Gaines St NE Unit 958, Salem, OR 97301

    $574,900

    • 4 Beds
    • 4 Baths
    • 2,200 Sq Ft
    • 952 Gaines St NE
    • Unit 958
    • Salem, OR

    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

    Section Image

Source: Willamette Valley MLS

MLS Number: 824885

Willamette Valley MLS

APN: 558422