NOT LISTED FOR SALE

4330 Ward Place NE Salem, OR 97305

Hayesville Neighborhood
5 Beds
4 Baths
9,048 Sq Ft
1997 Built

Last Sold January 29, 2021

Last sale price $1,400,000 $155 Per Sq Ft

33 Days on Market

Highlights

  • Guest Parking
  • Property is near a bus stop
  • Level Lot
  • Zoned Heating

About This Home

As of January 2021

Fully rented 8 Plex with 7 3/1.5 units & 1 2/1.5 unit on .42 acres. 7 units rented at $1,095 & 1 unit rented at $1400. Gross scheduled income = $108,780 | Net Operating Income = $85,972 | 6.1% Cap Rate. Property next door is for sale for $200k at 3892 Ward Pl. which is zoned for 6plex. Actual & Projected financials available. Please do not disturb tenants

Last Agent to Sell the Property

Chris Forrette

Coldwell Banker Mountain West Brokerage Email: coldwellbanker@cboregon.com License #990400134 Listed on: 11/24/2020

Coldwell Banker Mountain West

Last Buyer's Agent

Mary Hartley

Cadwell Realty Group License #950200109

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,975

Year Built

  • Built in 1997

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 9,048 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • Guest Parking
  • Assigned Parking

Schools

  • Yoshikai Elementary School
  • Stephens Middle School
  • Mckay High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Additional Features

  • Level Lot
  • Property is near a bus stop

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 522362

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $22,808
  • Gross Income $108,780
  • Net Operating Income $85,972

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,975

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1997
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Total Bedrooms: 5
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, OnBusline
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, Guest
  • Attached Garage: No

Utilities

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

Schools

  • Elementary School: Yoshikai
  • High School: McKay
  • Middle Or Junior School: Stephens

Lot Info

  • Zoning: RM
  • Parcel #: 522362

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2019
  • Tax Annual Amount: 5974.54

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 8
  • Gross Rent Multiplier: 12.87
  • Annual Gross Income: 108780.0
  • Property Net Operating Income: 85972.0
  • Annual Operating Expense: 22808.0

Range of Values:

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List Price
Sold Price
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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
01/29/2021 01/29/21 Sold $1,400,000 0.0% $155 / Sq Ft
12/27/2020 12/27/20 Pending -- -- --
11/24/2020 11/24/20 For Sale $1,400,000 -- $155 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chris Forrette

    Seller's Agent in 2021

    Chris Forrette

    Coldwell Banker Mountain West

    (503) 409-3542

    12 in this area

    387 Total Sales

    Chris Forrette
    Section Image
  • Mary Hartley

    Buyer's Agent in 2021

    Mary Hartley

    Cadwell Realty Group

    (541) 230-2222

    4 in this area

    59 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20449370

Regional Multiple Listing Service (RMLS)

Oregon Marion County Salem 97305 Hayesville

4330 Ward Place NE, Salem, OR

This home is located at 4330 Ward Place NE, Salem, OR 97305 since 24 November 2020. This property was built in 1997. 4330 Ward Place NE is a home located in Marion County with nearby schools including Yoshikai Elementary School, Stephens Middle School, and McKay 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.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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