$353,000
SOLD APR 25, 2025

1480 Park Ave NE Unit 1482 Salem, OR 97301

Northeast Salem Neighborhood
4 Beds
2 Baths
1,300 Sq Ft
5,632 Sq Ft Lot

Recently Sold

$272 Per Sq Ft

4% Below List Price

78 Days on Market

Highlights

  • Landscaped
  • High Speed Internet
  • Partially Fenced Property
  • Forced Air Heating System
  • Dining Area
  • Wood Siding

About This Home

As of April 2025

Investor Alert! 2 single level detached homes on one lot. Increased opportunity for high return of investment by increasing rents. Also, consider an affordable dual-living situation in a central location or own one home and rent out the other. Each unit is 2 beds and 1 baths. Each have own laundry room, Gas Forced Air heating. Long Term Tenants with great rental history. Rents are way below market rent values with potential to increase return on investment.

Last Agent to Sell the Property

Brian White

PARAMOUNT REAL ESTATE SERVICES License #200105014 Listed on: 02/06/2025

Last Buyer's Agent

Michael Lowery

HOMESMART REALTY GROUP License #201246525

HOMESMART REALTY GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,460

Year Built

  • Built in 1947

Lot Details

  • 5,632 Sq Ft Lot
  • Lot Dimensions are 60x114
  • Partially Fenced Property
  • Landscaped
  • Irregular Lot

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding
  • Lap Siding

Interior Spaces

  • 1,300 Sq Ft Home
  • Dining Area
  • Carpet
  • Electric Range
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Homes

  • Accessory Dwelling Unit (ADU)

Schools

  • Hoover Elementary School
  • Parrish Middle School
  • North Salem High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater
  • High Speed Internet

Community Details

  • 2 Units
  • Trash Expense $600

Listing and Financial Details

  • Exclusions: Tenants Personal Property. Some may be fixed.
  • Tax Block 1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,460

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Dual Living: Adu - Detached
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Investor Alert! 2 single level detached homes on one lot. Increased opportunity for high return of investment by increasing rents. Also, consider an affordable dual-living situation in a central location or own one home and rent out the other. Each unit is 2 beds and 1 baths. Each have own laundry room, Gas Forced Air heating. Long Term Tenants with great rental history. Rents are way below market rent values with potential to increase return on investment.
  • Cross Street: Market St NE
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Exclusions: Tenants Personal Property. Some may be fixed.
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 271.54
  • Price Per Sq Ft: 283.08

Exterior Features

  • Fenced Yard: Partial
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Wood
  • Siding Style: Lap

Utilities

  • Heating: Gas, Forced Air
  • High Speed Comm Access: Available
  • Water: Connected, City
  • Water Heater: Electric
  • Garbage: 600
  • Sewer: City

Schools

  • Elementary School: Hoover
  • Middle School: Parrish
  • High School: North Salem

Lot Info

  • Acres: 0.13
  • Estimated Lot Dimensions: 60x114
  • Estimated Lot Sq Ft: 5632
  • Lot Type: Irregular
  • Price Per Acre: 2830769.23
  • Zoning: RS
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2024
  • Tax Account Number: 526924
  • Tax Amount: 2460

Multi Family

  • Number Of Units: 2

MLS Schools

  • HighSchool: North Salem
  • Middle School: Parrish
  • Elementary School: Hoover

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $150,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 Sold $353,000 -4.1% $272 / Sq Ft
02/06/2025 02/06/25 For Sale $368,000 -- $283 / Sq Ft
Source: Willamette Valley MLS

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 $2,461 $125,340 -- --
2023 $2,388 $121,690 $0 $0
2022 $2,252 $118,150 $0 $0
2021 $2,188 $114,710 $0 $0
2020 $2,124 $111,370 $0 $0
2019 $2,113 $108,130 $0 $0
2018 $2,086 $0 $0 $0
2017 $1,883 $0 $0 $0
2016 $1,793 $0 $0 $0
2015 $1,807 $0 $0 $0
2014 $1,749 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian White

    Seller's Agent in 2025

    Brian White

    PARAMOUNT REAL ESTATE SERVICES

    (503) 851-1645

    3 in this area

    181 Total Sales

    Brian White
    Section Image
  • Michael Lowery

    Buyer's Agent in 2025

    Michael Lowery

    HOMESMART REALTY GROUP

    (503) 580-3090

    1 in this area

    15 Total Sales

    Michael Lowery
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 825306

Willamette Valley MLS

APN: 526924

Oregon Marion County Salem 97301 Northeast Salem

1480 Park Ave NE Unit 1482, Salem, OR

This home is located at 1480 Park Ave NE Unit 1482, Salem, OR 97301 and is currently priced at $353,000, approximately $271 per square foot. This property was built in 1947. 1480 Park Ave NE Unit 1482 is a home located in Marion County with nearby schools including Hoover Elementary School, Parrish Middle School, and North 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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