$425,000
PENDING

581 Highland Ave NE Unit 595 Salem, OR 97301

Highland Neighborhood

Estimated payment $2,685/month

Total Views 786
-- Bed
-- Bath
1,615 Sq Ft
$263 Price per Sq Ft

Highlights

  • Corner Lot
  • High Speed Internet
  • Wall Furnace
  • No HOA
  • Wood Siding
  • 1-Story Property

About This Home

Great investment opportunity with this fully remodeled triplex. Each unit has it's own unique floor plan and high ceilings. Units 585 and 595 are occupied.

Listing Agent

Linn Holdhusen

Keller Williams PDX Central License #201207312

Keller Williams PDX Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,758

Year Built

  • Built in 1937

Lot Details

  • 3,484 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,615 Sq Ft Home
  • 1-Story Property

Schools

  • Parrish Middle School
  • North Salem High School

Utilities

  • No Cooling
  • Wall Furnace
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 577112

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Highland Subdivision

Building Details

  • Operating Expense $6,400
  • Gross Income $41,940
  • Net Operating Income $9,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,758

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1937
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Concrete, Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Zoning: RS
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3484.0
  • Parcel #: 577112

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 3757.82

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 10.13
  • Annual Gross Income: 41940.0
  • Property Net Operating Income: 9500.0
  • Annual Operating Expense: 6400.0

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 $3,758 $191,390 -- --
2023 $3,647 $185,820 $0 $0
2022 $3,439 $180,410 $0 $0
2021 $3,340 $175,160 $0 $0
2020 $2,342 $119,100 $0 $0
2019 $2,192 $115,640 $0 $0
2018 $2,230 $0 $0 $0
2017 $2,013 $0 $0 $0
2016 $1,918 $0 $0 $0
2015 $1,932 $0 $0 $0
2014 $1,870 $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2025 04/03/25 Pending -- -- --
03/29/2025 03/29/25 For Sale $425,000 +17.1% $263 / Sq Ft
02/01/2021 02/01/21 Sold $363,000 +3.7% $225 / Sq Ft
12/03/2020 12/03/20 Pending -- -- --
11/30/2020 11/30/20 For Sale $349,900 +37.2% $217 / Sq Ft
03/13/2019 03/13/19 Sold $255,000 +2.0% $155 / Sq Ft
02/18/2019 02/18/19 For Sale $250,000 -- $152 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $367,500 Fidelity National Title
Warranty Deed $255,000 Fidelity National Title
Land Contract $86,500 Amerititle
Special Warranty Deed $86,500 Amerititle
Warranty Deed $107,500 First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $8,465 FHA
Open $356,425 FHA
Previous Owner $245,000 Construction
Previous Owner $88,000 Fannie Mae Freddie Mac
Previous Owner $86,000 Negative Amortization
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 262321306

Regional Multiple Listing Service (RMLS)

APN: 577112