$435,000
$40K PRICE DROP

1438 (-1440 5) Glen Creek Rd Salem, OR 97304

West Salem Neighborhood

Estimated payment $2,682/month

Total Views 7,362
5 Beds
3 Baths
1,911 Sq Ft
$228 Price per Sq Ft

About This Home

Opportunity awaits with this ideally located triplex in desirable NW Salem. Just minutes from shops, businesses, and the Salem-Dallas Highway, this property offers excellent convenience, making it a strong draw for tenants and helps keep vacancies low. Unit 1440.5 has been recently renovated, and the entire exterior has been freshly painted, allowing the next owner to step in with minimal work. The unit mix includes two 2/1 unit (1440 & 1440.5) and one 1/1 unit (1438)

Listing Agent

Sabrina James

SMI REAL ESTATE License #201246910 Listed on: 05/12/2025

SMI REAL ESTATE

Co-Listing Agent

Dane McKinney

SMI REAL ESTATE License #201246066

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,615

Year Built

  • Built in 1929

Lot Details

  • 6,665 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • 1,911 Sq Ft Home
  • Triplex
  • Composition Roof
  • Shingle Siding

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Schools

  • Myers Elementary School
  • Walker Middle School
  • West Salem High School

Utilities

  • Forced Air Heating System

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,615

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Triplex
  • Syndicated Remarks: Opportunity awaits with this ideally located triplex in desirable NW Salem. Just minutes from shops, businesses, and the Salem-Dallas Highway, this property offers excellent convenience, making it a strong draw for tenants and helps keep vacancies low. Unit 1440.5 has been recently renovated, and the entire exterior has been freshly painted, allowing the next owner to step in with minimal work. The unit mix includes two 2/1 unit (1440 & 1440.5) and one 1/1 unit (1438)
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Price Per Sq Ft: 227.63
  • Price Per Sq Ft: 227.63

Exterior Features

  • Fenced Yard: Partial
  • Roof: Composition
  • Siding: Shingle

Utilities

  • Heating: Forced Air

Schools

  • Elementary School: Myers
  • Middle School: Walker
  • High School: West Salem

Lot Info

  • Acres: 0.15
  • Estimated Lot Sq Ft: 6665
  • Lot: 5
  • Price Per Acre: 2900000
  • Zoning: RS
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2024
  • Tax Account Number: 251350
  • Tax Amount: 3615

Multi Family

  • Number Of Units: 3

MLS Schools

  • HighSchool: West Salem
  • Middle School: Walker
  • Elementary School: Myers

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

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 Price Changed $435,000 -8.4% $228 / Sq Ft
05/12/2025 05/12/25 For Sale $475,000 -- $249 / Sq Ft
Source: Willamette Valley MLS

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See All Homes in Salem

Source: Willamette Valley MLS

MLS Number: 828842

Willamette Valley MLS

Oregon Polk County Salem 97304 West Salem

1438 (-1440 5) Glen Creek Rd, Salem, OR

This home is located at 1438 (-1440 5) Glen Creek Rd, Salem, OR 97304 and is currently priced at $435,000, approximately $227 per square foot. This property was built in 1929. 1438 (-1440 5) Glen Creek Rd is a home located in Polk County with nearby schools including Harritt Elementary School, Walker Middle School, and West 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.

Willamette Valley MLS 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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Sabrina James
Listing Agent
Sabrina James
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SMI REAL ESTATE
(503) 213-4682