Listed by Venture Commercial Real Estate
$775,000
$25K PRICE DROP

4433 State St Salem, OR 97301

Estimated payment $4,637/month

Total Views 23,096
7 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 0.67 Acre Lot
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

Professionally managed, fully leased three 2-bedroom units and one 1-bedroom unit. Tenants play all utilities except for water and sewer. Units have washer and dryer hook-ups. Large sized lot provides for an opportunity to build additional units.

Listing Agent

Andi Costello

Venture Commercial Real Estate License #24015352 Listed on: 09/23/2024

Co-Listing Agent

Lyle Stratton

Venture Commercial Real Estate License #25337

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2300814

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,285

Year Built

  • Built in 1937

Lot Details

  • 0.67 Acre Lot
  • 524173

Home Design

  • Quadruplex
  • Composition Roof
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • 2-Story Property
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Oregon Subdivision

Listing and Financial Details

  • Assessor Parcel Number 524173

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,285

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1937
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 313

Interior Features

  • Total Bedrooms: 7
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Construction Type: Metal/Vinyl
  • Exterior Features: Metal/Vinyl
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Cooling: Forced Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Salem-Keizer

Lot Info

  • Parcel Number: 524173
  • Lot Size Acres: 0.67
  • Lot Size Sq Ft: 29185
  • Additional Parcels Description: 524173
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: TRIO
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.5
  • LeasedItems: None
  • TotalMonthlyIncome: 4885

Multi Family

  • Gross Scheduled Income: 59206
  • Net Operating Income: 43336
  • Number Of Units Total: 4
  • Insurance Expense: 3000
  • Leasable Area: 3537
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2023
  • Tax Annual Amount: 4285

Map

Range of Values:

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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
2024 $4,514 $281,490 -- --
2023 $4,284 $273,300 $0 $0
2022 $4,072 $265,340 $0 $0
2021 $4,033 $257,620 $0 $0
2020 $3,778 $250,120 $0 $0
2019 $3,810 $242,840 $0 $0
2018 $3,847 $0 $0 $0
2017 $3,331 $0 $0 $0
2016 $2,749 $0 $0 $0
2015 $2,719 $0 $0 $0
2014 $2,532 $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2025 04/09/25 Price Changed $775,000 -3.1% --
09/23/2024 09/23/24 For Sale $800,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $280,000 New Conventional
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2300814

Northwest Multiple Listing Service (NWMLS)

APN: 524173