Four plex located in Central Salem. Near schools, businesses, parks, Willamette University, restaurants and more. Add this property to your investment portfolio. Three of the four units are leased with the fourth being held vacant for showings. Turn key property with upgrades such as counters, flooring, appliances and paint. Onsite laundry, garage parking for each unit with guest parking. Upper units feature a private balcony and lower units feature fenced/private backyard space.
Last Agent to Sell the Property
KELLER WILLIAMS REALTY PROFESSIONALS License #200609335 Listed on: 03/07/2025
$595,000
Accepted Offer with Contingencies. Rare opportunity to own three homes on one lot! Two 1945-built one-bedroom cottages and one newly built 2-bedroom casita. 635 E was recently renovated and rent went from $575 to $1245! New 2-bedroom unit in finishing stages now. Great opportunity for first time buyers or investors! Great potential or in-law(s) to live in separate, but close home. Each unit has
Kenneth Marshall VINTAGE REALTY NORTHWEST
$535,000
Great opportunity to acquire three 1940's cottages. Live in one and rent the others! Also perfect for in-laws to have their own cottage. New siding, exterior paint and windows! The 2-bedroom cottage at 645 E St has a new roof, a partially finished basement of 500 +/- SF, plus a single car garage. Hardwood floors give a warm vibe to these units. Each unit has its own washer/dryer hookups. Each
Kenneth Marshall VINTAGE REALTY NORTHWEST
$574,900
Accepted Offer with Contingencies. Great income property! Conveniently located 4-plex with long term tenants. featuring updated units exterior paint, new lifetime metal roof. Property has off street parking. Basement set up for coin-op laundry on its own meter. Buyer to due their own due diligence on other possible uses. 3 units on 1 year leases 1 unit on month to month.
Joel Gander GANDER PROPERTY GROUP
$509,900
Solid investment opportunity in West Salem location. Spacious townhome style duplex located on a quiet cul-de-sac with close proximity to parks, grocery shopping, and schools. Units are 2 bed / 1.5 bath with 1-car garages. Large 1200 SF units with spacious living room and bedrooms. Each unit offers garage, driveway parking, washer/dryer hookup, dishwasher, fireplace, and fenced back yard.
Kelly Culver SMI REAL ESTATE
$525,000
Solid investment duplex in a strong rental market! This well-maintained property features two separately metered units: a spacious 3-bedroom unit estimated to rent for $2,400/month, and a cozy 1-bedroom unit projected at $1,200/month. Current market rents generate a combined $44,400 in annual gross income with tenants covering all utilities except water/sewer. Refer to WVMLS #827762 With a
Melina Tomson TOMSON BURNHAM, LLC
$599,000
4-Plex with 2 Bedroom 1 Bath units with 4 off street parking spaces. On site utility room with coin operated washer/dryer. Do not disturb tenants.
JOHN ZOBRIST eXp Realty LLC
$550,000
Correct address to be 187 & 189 Stoneway dr NW, Salem 97304. Nicely updated duplex in NW Salem. Each unit has 2 beds and 1.5 baths. Great opportunity to live in one unit and rent out the other for extra income! Both units have newly updated quartz countertops, tiled floor bathrooms, laminate floorings, vanities, faucets, toilets, kitchen sinks, garbage disposal, LED lights, light switches,
Evan Tran iStar Realty LLC
$525,000
Both units: Painted 2024; custom gutters with guards; new garage doors and openers; roof treated annually; new water heaters in 2025.3634: Complete interior updated June 2025, vacant.3624: Fireplace converted to gas logs
Steve Schmidt LEGEND PROPERTIES
$524,900
Showing upon accepted offer to purchase. Please do not disturb the residents.Solid investment opportunity in a prime location. Townhome style duplex located on a cul-de-sac with close proximity to south I-5. Units are 2 bed / 2.5 bath (with main bedroom ensuite bathroom), and 2-car garage; and 2 bed / 1.5 bath with 1-car garage. Constructed in 1977. Units offer garages, driveway parking,
Kelly Culver SMI REAL ESTATE
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $685,000 | Lawyers Title | |
| Bargain Sale Deed | $96,000 | Accommodation/Courtesy Recordi | |
| Warranty Deed | $380,000 | Lawyers Title | |
| Interfamily Deed Transfer | -- | Fidelity Natl Title Co Of Or | |
| Warranty Deed | $247,000 | Ticor Title | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $172,500 | First American |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $548,000 | New Conventional | |
| Previous Owner | $444,500 | New Conventional | |
| Previous Owner | $285,000 | New Conventional | |
| Previous Owner | $187,800 | New Conventional | |
| Previous Owner | $187,500 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $185,250 | Purchase Money Mortgage | |
| Previous Owner | $93,500 | Purchase Money Mortgage |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/04/2025 04/04/25 | Sold | $685,000 | -6.8% | $219 / Sq Ft |
| 03/07/2025 03/07/25 | For Sale | $735,000 | -- | $235 / Sq Ft |
| 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 | $5,203 | $265,020 | -- | -- |
| 2023 | $5,050 | $257,310 | $0 | $0 |
| 2022 | $4,762 | $249,820 | $0 | $0 |
| 2021 | $4,626 | $242,550 | $0 | $0 |
| 2020 | $4,630 | $235,490 | $0 | $0 |
| 2019 | $4,333 | $228,640 | $0 | $0 |
| 2018 | $4,410 | $0 | $0 | $0 |
| 2017 | $3,980 | $0 | $0 | $0 |
| 2016 | $3,791 | $0 | $0 | $0 |
| 2015 | $3,820 | $0 | $0 | $0 |
| 2014 | $3,697 | $0 | $0 | $0 |
H
Seller's Agent in 2025
Heather Brymer
KELLER WILLIAMS REALTY PROFESSIONALS
C
Buyer's Agent in 2025
Catherine Underwood-Bush
CHEDDAR REALTY
Source: Willamette Valley MLS
MLS Number: 826243
APN: 584503
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