731 Marsh St Independence, OR 97351
Estimated payment $3,331/month
Highlights
- Territorial View
- Forced Air Zoned Heating System
- Dining Area
- Patio
- High Speed Internet
- 5-minute walk to Independence Dog Park
About This Home
Fantastic Investment opportunity! Live in one side and use the rent from the other unit as part of your mortgage payment! Townhome style duplex in Independence! Two units each w/ two bedrooms, 1.5 bath, 990 sq ft, yard and 2 car garage. New roof in 2023, new water heaters and laminate flooring on 1st floors in 2024. Close to Independence Water Front Park, WOU, Salem, Dallas, Corvallis and Hwy 22. Rents slated to be $1800/mo June first. Renters pay their own utilities. See WVMLS # 827182 for Res listing.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,136
Year Built
- Built in 2003
Home Design
- Duplex
- Composition Roof
- T111 Siding
Interior Spaces
- 1,980 Sq Ft Home
- Dining Area
- Carpet
- Territorial Views
- Washer and Dryer Hookup
Kitchen
- Electric Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Schools
- Independence Elementary School
- Talmadge Middle School
- Central High School
Utilities
- Forced Air Zoned Heating System
- Electric Water Heater
- High Speed Internet
Additional Features
- Patio
- 7,405 Sq Ft Lot
Listing and Financial Details
- Exclusions: All Tenants Belongings
- Legal Lot and Block 8 / 17
Community Details
Overview
- 2 Units
Building Details
- Electric Expense $125
- Fuel Expense $40
- Water Sewer Expense $100
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $4,136 | $235,210 | $32,230 | $202,980 |
| 2024 | $4,136 | $228,360 | $31,290 | $197,070 |
| 2023 | $4,242 | $221,710 | $30,380 | $191,330 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2025 04/22/25 | Price Changed | $535,000 | -2.7% | $270 / Sq Ft |
| 04/01/2025 04/01/25 | For Sale | $550,000 | -- | $278 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $400,000 | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $116,400 | Credit Line Revolving | |
| Open | $300,000 | New Conventional | |
| Closed | $300,000 | New Conventional | |
| Closed | $300,000 | No Value Available |
Source: Willamette Valley MLS
MLS Number: 827157
APN: 581603
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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
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