$635,000
SOLD JUL 14, 2025
8 Beds
4 Baths
3,664 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$173 Per Sq Ft

9% Below List Price

168 Days on Market

Highlights

  • Zoned Heating
  • Dining Area
  • Carpet
  • High Speed Internet
  • Wood Siding

About This Home

As of July 2025

Solid Owner Occupant or Investment opportunity in NE Salem! This well maintained 4-Plex offers a great price point, rental upside & (1) Vacant downstairs unit ready for an owner occupant or Market rate tenant. All units are 2 bed/1 bath/916 SF with large primary bedroom, laundry hookups & 1 car garage. Owner pays Water/Sewer/Garbage. Long term owner & stable rental history. Roof replaced in 2013. Full property inspection on file. Make an Offer!

Last Agent to Sell the Property

Jordan Sparks

SMI REAL ESTATE License #200610098 Listed on: 01/27/2025

SMI REAL ESTATE

Co-Listed By

Elesa Doll

SMI REAL ESTATE License #200708163

Last Buyer's Agent

JOSE GONZALEZ

TU CASA CORPORATION License #970400177

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,539

Year Built

  • Built in 1978

Lot Details

  • 10,019 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding
  • T111 Siding

Interior Spaces

  • 3,664 Sq Ft Home
  • Dining Area
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Schools

  • Adam Stephens Middle School
  • Mckay High School

Utilities

  • Zoned Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Legal Lot and Block 7 / 2

Community Details

Overview

  • 4 Units
  • 3639 47Th Ave Ne A D Community
  • Polaris Estates Subdivision

Building Details

  • Water Sewer Expense $230

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,539

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: 4-Plex
  • Home Warranty: Negotiable
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Solid Owner Occupant or Investment opportunity in NE Salem! This well maintained 4-Plex offers a great price point, rental upside & (1) Vacant downstairs unit ready for an owner occupant or Market rate tenant. All units are 2 bed/1 bath/916 SF with large primary bedroom, laundry hookups & 1 car garage. Owner pays Water/Sewer/Garbage. Long term owner & stable rental history. Roof replaced in 2013. Full property inspection on file. Make an Offer!
  • Cross Street: Silverton Rd
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate, Vinyl
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 173.31
  • Price Per Sq Ft: 189.68

Exterior Features

  • Exterior Color: Green
  • Foundation: Continuous
  • Roof: Composition
  • Siding: Wood
  • Siding Style: T111

Utilities

  • Heating: Electric, Zonal
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Electric
  • Sewer: City
  • Water/Sewer: 230

Schools

  • Middle School: Adam Stephens
  • High School: McKay

Lot Info

  • Acres: 0.23
  • Estimated Lot Sq Ft: 10019
  • Lot: 7
  • Price Per Acre: 3021739.13
  • Zoning: RM
  • Property Name: 3639 47th Ave NE A-D
  • Property Use Type: Investment, Vacant/Owner-User
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 24-25
  • Tax Account Number: 558422
  • Tax Amount: 5539

Multi Family

  • Number Of Units: 4

MLS Schools

  • HighSchool: McKay
  • Middle School: Adam Stephens

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2025
Closed on
Jul 11, 2025
Sold by
Robert Reichel And Mary Noonan Living Tr and Reichel Robert Ewald
Bought by
Perez-Baron Marco A
Seller's Agent
Jordan Sparks
SMI REAL ESTATE
Buyer's Agent
JOSE GONZALEZ
TU CASA CORPORATION
List Price
$695,000
Sold Price
$635,000
Premium/Discount to List
-$60,000
-8.63%
Views
240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
234.46%
Original Mortgage
$435,000
Outstanding Balance
$435,000
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$256,000

Purchase Details

Closed on
May 10, 2017
Sold by
Reichel Robert E
Bought by
Reichel Robert Ewald and Noonan Mary Caitlin
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $635,000 Ticor Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $435,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 Sold $635,000 -8.6% $173 / Sq Ft
06/11/2025 06/11/25 For Sale $695,000 +9.4% $190 / Sq Ft
06/02/2025 06/02/25 Off Market $635,000 -- --
04/07/2025 04/07/25 Price Changed $695,000 -5.4% $190 / Sq Ft
01/27/2025 01/27/25 For Sale $735,000 -- $201 / 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 $5,539 $321,150 -- --
2023 $5,242 $311,800 $0 $0
2022 $4,951 $302,720 $0 $0
2021 $4,906 $293,910 $0 $0
2020 $4,758 $285,350 $0 $0
2019 $6,872 $277,040 $0 $0
2018 $4,708 $0 $0 $0
2017 $3,776 $0 $0 $0
2016 $3,607 $0 $0 $0
2015 $3,567 $0 $0 $0
2014 $3,351 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 824885

Willamette Valley MLS

APN: 558422