Estimated payment $4,650/month
Turn-Key Fourplex in Prime Salem Location – Ideal Investment Opportunity!Welcome to 4803, 4813, 4823, and 4833 Future Rd NE – a well-maintained and fully occupied fourplex in a quiet residential neighborhood of northeast Salem. This property features four spacious 2-bedroom, 1-bathroom units, each offering comfortable living spaces, abundant natural light, and private garage parking. Well was done in 2022. Two units were recently updated in 2024 with modern finishes, while the other two were remodeled in 2014—offering a great balance of contemporary updates and long-term reliability. Each unit is separately metered for electricity, and tenants enjoy on-site laundry facilities and extra storage space. Situated on a 0.22-acre lot, this income-producing property has a strong rental history and consistent tenant occupancy. Major recent improvements include a new roof installed in 2022 and newer windows throughout, ensuring minimal maintenance costs for years to come. Just minutes from shopping, schools, public transit, and major commuter routes, this fourplex presents a fantastic opportunity for the savvy investor looking to expand their portfolio or generate reliable monthly cash flow. Don’t miss your chance to own a solid multi-family asset in one of Salem’s most desirable rental corridors!
Home Type
Est. Annual Taxes
Year Built
Lot Details
Home Design
Interior Spaces
Kitchen
Flooring
Outdoor Features
Schools
Utilities
Listing and Financial Details
Overview
Amenities
| 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 | $6,333 | $371,450 | -- | -- |
| 2023 | $5,998 | $360,640 | $0 | $0 |
| 2022 | $5,664 | $350,140 | $0 | $0 |
| 2021 | $5,612 | $339,950 | $0 | $0 |
| 2020 | $5,277 | $330,050 | $0 | $0 |
| 2019 | $5,484 | $320,440 | $0 | $0 |
| 2018 | $5,386 | $0 | $0 | $0 |
| 2017 | $4,383 | $0 | $0 | $0 |
| 2016 | $4,119 | $0 | $0 | $0 |
| 2015 | $4,136 | $0 | $0 | $0 |
| 2014 | $4,006 | $0 | $0 | $0 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/25/2025 04/25/25 | For Sale | $740,000 | +57.4% | $195 / Sq Ft |
| 12/27/2019 12/27/19 | Sold | $470,000 | -3.1% | $124 / Sq Ft |
| 10/25/2019 10/25/19 | Pending | -- | -- | -- |
| 10/03/2019 10/03/19 | Price Changed | $485,000 | -2.8% | $128 / Sq Ft |
| 07/26/2019 07/26/19 | For Sale | $499,000 | -- | $132 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Contract Of Sale | $621,114 | None Listed On Document | |
| Warranty Deed | $470,000 | Amerititle | |
| Warranty Deed | $282,680 | Amerititle | |
| Special Warranty Deed | $165,000 | Fidelity Natl Title Co Of Or | |
| Warranty Deed | $307,500 | Ticor Title |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $459,096 | FHA | |
| Previous Owner | $212,010 | New Conventional | |
| Previous Owner | $150,000 | Unknown | |
| Previous Owner | $155,000 | Unknown | |
| Previous Owner | $150,000 | Unknown | |
| Previous Owner | $276,750 | Fannie Mae Freddie Mac |
$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
$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
$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
$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
$599,000
Delightful one level duplex in Southeast Salem, perfect for first-time homebuyers or savvy investors. Each unit features 3 bedrooms and 2 bathrooms, offering a modernized kitchen with stainless steel appliances. The primary bedroom includes a spacious walk-in closet and a sliding glass door leading to the back patio. Freshly painted throughout, this property provides an excellent opportunity for
Shawntel Brown COLDWELL BANKER BAIN
$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.
$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
$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
Source: Willamette Valley MLS
MLS Number: 828178
APN: 582360
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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