NOT LISTED FOR SALE

1342 Waller St SE Salem, OR 97302

Southeast Salem Neighborhood

Estimated Value: $355,000 - $442,052

3 Beds
6 Baths
5,487 Sq Ft
$73/Sq Ft Est. Value

Last Sold August 25, 2023

Last sale price $878,500 $160 Per Sq Ft

Current estimated payment $2,390/month

15 Days on Market

Highlights

  • Attached Garage
  • Level Lot
  • Wood Siding
  • Forced Air Heating System

About This Home

As of August 2023

Don't miss this Investment Opportunity! Cap rate at 7.2%. 5 detached houses, 2 garages, 6 units on two lots with shared courtyard area. Residential lending is an option. Good history with completely rented units of $7355/mo. Tenants pay utilities including water. Owner pays garbage, yard maintenance. Off street parking spaces available. South central area convenient to Willamette Univ, Bush Park, bus lines & services. Do not disturb tenants. Rents are $825,$1095,$1525,$1120,$1395,$1395.

Last Agent to Sell the Property

Brian White

Paramount Real Estate Services License #200105014 Listed on: 06/05/2023

Last Buyer's Agent

Tony Ngo

Real Estate Performance Group License #200604339

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,589

Year Built

  • Built in 1924

Lot Details

  • Level Lot

Parking

  • Attached Garage

Home Design

  • 5,487 Sq Ft Home
  • Composition Roof
  • Wood Siding
  • Lap Siding
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Schools

  • Bush Elementary School
  • Leslie Middle School
  • South Salem High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Rent includes trashcollection
  • Assessor Parcel Number 596784

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $21,970
  • Gross Income $88,260
  • Net Operating Income $66,290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,589

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1924
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: Garage
  • Lot Size Range: SqFt15000to19999

Exterior Features

  • Exterior Description: LapSiding,T111Siding,WoodSiding
  • Lot Size: 15,000 to 19,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Attached, Paved
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity,Gas
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Bush
  • High School: South Salem
  • Middle Or Junior School: Leslie

Lot Info

  • Zoning: CO
  • Parcel #: 596784
  • Assessor Parcel Number 2: 596785

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 6589.0

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 10.48
  • Annual Gross Income: 88260.0
  • Property Net Operating Income: 66290.0
  • Annual Operating Expense: 21970.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2023
Closed on
Jun 30, 2023
Sold by
Waller Street Llc
Bought by
Tran Thai Toan
Seller's Agent
Brian White
Paramount Real Estate Services
Buyer's Agent
Tony Ngo
Real Estate Performance Group
List Price
$450,000
Sold Price
$878,500
Premium/Discount to List
$428,500
95.22%
Views
30
Current Estimated Value
$400,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$477,816
Avg. Annual Appreciation
-31.62%
Original Mortgage
$325,125
Interest Rate
6.96%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tran Thai Toan $433,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tran Thai Toan $325,125
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $878,500 +102.7% $160 / Sq Ft
08/25/2023 08/25/23 Sold $433,500 -3.7% $172 / Sq Ft
06/21/2023 06/21/23 Pending -- -- --
06/05/2023 06/05/23 For Sale $450,000 +3.8% $82 / Sq Ft
05/31/2023 05/31/23 Off Market $433,500 -- --
11/18/2022 11/18/22 Price Changed $450,000 -14.3% $178 / Sq Ft
08/12/2022 08/12/22 For Sale $525,000 -- $208 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

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 $3,193 $162,630 -- --
2023 $3,099 $157,900 $0 $0
2022 $2,922 $153,310 $0 $0
2021 $2,839 $148,850 $0 $0
2020 $2,756 $144,520 $0 $0
2019 $2,659 $140,320 $0 $0
2018 $2,706 $0 $0 $0
2017 $2,443 $0 $0 $0
2016 $2,327 $0 $0 $0
2015 $2,344 $0 $0 $0
2014 $2,269 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian White

    Seller's Agent in 2023

    Brian White

    Paramount Real Estate Services

    (503) 851-1645

    3 in this area

    181 Total Sales

    Brian White
    Section Image
  • Tony Ngo

    Buyer's Agent in 2023

    Tony Ngo

    Real Estate Performance Group

    (503) 281-8288

    1 in this area

    120 Total Sales

    Tony Ngo
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23080981

Regional Multiple Listing Service (RMLS)

APN: 596784

Oregon Marion County Salem 97302 Southeast Salem

1342 Waller St SE, Salem, OR

This home is located at 1342 Waller St SE, Salem, OR 97302 since 05 June 2023 and is currently estimated at $400,684, approximately $73 per square foot. This property was built in 1924. 1342 Waller St SE is a home located in Marion County with nearby schools including Bush Elementary School, Leslie Middle School, and South Salem High School.

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.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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