$375,000
UNDER CONTRACT $20K PRICE DROP

220 Gardenia Dr N Unit 222 Salem, OR 97303

Estimated payment $2,270/month

Total Views 573
4 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • No HOA
  • 2 Car Garage
  • 1-Story Property
  • Forced Air Heating System

About This Home

Quiet residential neighborhood with easy access to everything. Close to bus, shopping, dining, and other amenities. Each unit includes washer and dryer hookups, 1 car attached garage, gas furnace. Large shared open yard in back. Good for owner occupied alternative to condo living while also investing.*** Please do not disturb tenants - contact your broker to obtain more details ***

Listing Agent

Alice Woodworth

Capstone Real Estate Services License #940200333 Listed on: 10/29/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,577

Year Built

  • Built in 1968

Lot Details

  • 10,454 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

  • Cummings Elementary School
  • Claggett Creek Middle School
  • Mcnary High School

Utilities

  • No Cooling
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 584233

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • North Park Subdivision

Building Details

  • Operating Expense $5,000
  • Gross Income $20,500
  • Net Operating Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,577

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Standard Status: ActiveUnderContract
  • MLS Status: ShortSalePending
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1968
  • Property Attached Yn: No
  • Current Price For Status: 375000.0
  • Open House: No
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Total Bedrooms: 4
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: Cedar
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Cummings
  • High School: McNary
  • Middle Or Junior School: Claggett Creek

Lot Info

  • Zoning: RS
  • Lot Size Acres: 0.24
  • Lot Size Sq Ft: 10454.0
  • Parcel #: 584233

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025
  • Tax Annual Amount: 3577.41

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 18.29
  • Annual Gross Income: 20500.0
  • Property Net Operating Income: 18000.0
  • Annual Operating Expense: 5000.0

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

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 $3,319 $174,130 -- --
2024 $3,319 $169,060 -- --
2023 $3,222 $164,140 $0 $0
2022 $3,037 $159,360 $0 $0
2021 $2,951 $154,720 $0 $0
2020 $2,953 $150,220 $0 $0
2019 $2,764 $145,850 $0 $0
2018 $2,813 $0 $0 $0
2017 $2,539 $0 $0 $0
2016 $2,418 $0 $0 $0
2015 $2,437 $0 $0 $0
2014 $2,358 $0 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2025 11/03/25 Price Changed $375,000 -5.1% --
10/29/2025 10/29/25 For Sale $395,000 -- --
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 275442944

Regional Multiple Listing Service (RMLS)

APN: 584233

Oregon Marion County Salem 97303

220 Gardenia Dr N Unit 222, Salem, OR

Under Contract

MultiFamily

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Nearby Homes
Listing Agent
Alice Woodworth
Section Image
Capstone Real Estate Services
(971) 626-1694