$850,000
SOLD AUG 1, 2025
8 Beds
6 Baths
3,972 Sq Ft
0.45 Acres

Recently Sold

$214 Per Sq Ft

43 Days on Market

Highlights

  • 0.45 Acre Lot
  • Landscaped
  • High Speed Internet
  • Fenced Yard
  • Baseboard Heating
  • Dining Area

About This Home

As of August 2025

Prime investment opportunity in South Salem! This 4-plex offers four spacious 993 sq ft units, each with a comfortable layout and solid rental history. Ideal for expanding your portfolio or starting out with income-producing property in a high-demand area. Convenient access to shopping, schools, and commuter routes adds to long-term rental appeal.

Last Agent to Sell the Property

Dewey Whitton

THE SALEM REAL ESTATE GROUP License #890200088 Listed on: 05/06/2025

Last Buyer's Agent

Jason Leon

HOMESMART REALTY GROUP License #201233388

HOMESMART REALTY GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,559

Year Built

  • Built in 1972

Lot Details

  • 0.45 Acre Lot
  • Fenced Yard
  • Landscaped
  • Irregular Lot

Home Design

  • Quadruplex
  • Composition Roof
  • T111 Siding

Interior Spaces

  • 3,972 Sq Ft Home
  • Dining Area
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Schools

  • Liberty Elementary School
  • Crossler Middle School
  • Sprague High School

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Community Details

  • 4 Units

Listing and Financial Details

  • Exclusions: Tenants' personal property.
  • Tax Lot 3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,559

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: 4-Plex
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Prime investment opportunity in South Salem! This 4-plex offers four spacious 993 sq ft units, each with a comfortable layout and solid rental history. Ideal for expanding your portfolio or starting out with income-producing property in a high-demand area. Convenient access to shopping, schools, and commuter routes adds to long-term rental appeal.
  • Cross Street: Joseph
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Exclusions: Tenants' personal property.
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 6
  • Total Bedrooms: 8
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 214
  • Price Per Sq Ft: 214

Exterior Features

  • Exterior Color: Blue
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding Style: T111

Utilities

  • Heating: Electric, Baseboard
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Electric
  • Sewer: City

Schools

  • Elementary School: Liberty
  • Middle School: Crossler
  • High School: Sprague

Lot Info

  • Acres: 0.45
  • Estimated Lot Dimensions: Irreg.
  • Estimated Lot Sq Ft: 19602
  • Lot: 3
  • Lot Type: Irregular
  • Price Per Acre: 1888888.89
  • Zoning: RM2
  • Geo Subdivision: OR

Multi Family

  • Unit Types: Town Home
  • Number Of Units: 4

MLS Schools

  • HighSchool: Sprague
  • Middle School: Crossler
  • Elementary School: Liberty

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2025
Closed on
Jul 24, 2025
Sold by
Egby Phyllis Elizabeth
Bought by
Rasmussen Ryan
Seller's Agent
Dewey Whitton
THE SALEM REAL ESTATE GROUP
Buyer's Agent
Jason Leon
HOMESMART REALTY GROUP
List Price
$850,000
Sold Price
$850,000
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-55.14%

Purchase Details

Listed on
Jul 15, 2015
Closed on
Jan 8, 2016
Sold by
Clark Commercial Properties Llc
Bought by
Egby Phyllis E
Seller's Agent
Tyler Clark
CLARK COMMERCIAL
Buyer's Agent
DORIS PERRY
THE SALEM REAL ESTATE GROUP
List Price
$420,000
Sold Price
$402,000
Premium/Discount to List
-$18,000
-4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.15%
Original Mortgage
$386,650
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 13, 2010
Sold by
Harrison Norman
Bought by
Clark Commercial Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,750
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2009
Sold by
H T D Llc
Bought by
Harrison Norman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,750
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2004
Sold by
Dern Howard and Dern Theresa
Bought by
Dern Howard L and Dern Theresa A
Source: Public Records

Similar Homes in Salem, OR

  • 923 Fir St S, Salem, OR 97302

    $799,900

    • 7 Beds
    • 6 Baths
    • 3,752 Sq Ft
    • 923 Fir St S
    • Salem, OR

    Great investment opportunity to acquire a six-unit multi-family property conveniently located near downtown, with easy access to parks and public transportation. The property consists of five 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, with some featuring hardwood floors. Additionally, there is an on-site laundry room available for tenants. Please refrain from disturbing the tenants.

    Matt Killen Crown Real Estate Group

    Section Image
  • 923-945 Fir St S, Salem, OR 97302

    $799,900

    • 7 Beds
    • 6 Baths
    • 3,752 Sq Ft
    • 923-945 Fir St S
    • Salem, OR

    Great investment opportunity to acquire a six-unit multi-family property conveniently located near downtown, with easy access to parks and public transportation. The property consists of five 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, with some featuring hardwood floors. Additionally, there is an on-site laundry room available for tenants. Please refrain from disturbing the tenants.

    Matt Killen CROWN REAL ESTATE GROUP

    Section Image
  • 369 18th St SE, Salem, OR 97301

    $725,000

    • 8 Beds
    • 4 Baths
    • 3,150 Sq Ft
    • 369 18th St SE
    • Salem, OR

    Accepted Offer with Contingencies. Beautifully maintained 4-plex in the Capital Park Addition. Each unit has 2 bedrooms and 1 bathroom, kitchens with plenty of storage, and their own washer/dryer hook ups. Building has it's own parking lot accessible by alley with 2 spots per unit. There is an adorable covered gathering area in front of the building and the two end units have their own patios.

    DANIELLE HALEY EXP REALTY, LLC

    Section Image
  • 1117 6th (-1119) St NW, Salem, OR 97304

    $649,900

    • 6 Beds
    • 4 Baths
    • 2,989 Sq Ft
    • 1117 6th (-1119) St NW
    • Salem, OR

    Newly completely remodeled duplex on double lot! Front unit has 4 bedrooms (downstairs can be office) and two full baths plus laundry room with W/D hook ups. Back unit has 2 bedrooms and 2 full bathrooms plus laundry room with W/D hook ups. Ductless Heat/AC units in each room, Cadet heaters in each bathroom. Newer from the top down! Covered and secure breezeway between units. Great investment

    Chris Forrette COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

    Section Image
  • 1117 6th St NW, Salem, OR 97304

    $649,900

    • 6 Beds
    • 4 Baths
    • 1117 6th St NW
    • Salem, OR

    Newly completely remodeled duplex on double lot! Front unit has 4 bedrooms (downstairs can be office) and two full baths plus laundry room with W/D hook ups. Back unit has 2 bedrooms and 2 full bathrooms plus laundry room with W/D hook ups. Ductless Heat/AC units in each room, Cadet heaters in each bathroom. Newer from the top down! Covered and secure breezeway between units.Great investment with

    Chris Forrette Coldwell Banker Mountain West

    Section Image
  • 131-137 37th Ave SE, Salem, OR 97317

    $649,900

    • 8 Beds
    • 3,560 Sq Ft
    • 131-137 37th Ave SE
    • Salem, OR

    Affordable, clean four plex walking distance to restaurants, shopping and bus routes! Total of six parking spaces and includes two for guest parking. All units are relatively clean, good open living spaces, utilities are located inside each unit. Fully fenced back area. MULTIPLE OFFERS HAVE BEEN RECEIVED. ALL OFFERS DUE BY NOON TODAY!

    Andrea Beyer COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

    Section Image
  • 4433 State St, Salem, OR 97301

    $775,000

    • 7 Beds
    • 4 Baths
    • 4433 State St
    • Salem, OR

    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.

    Andi Costello Venture Commercial Real Estate

    Section Image
  • 4507 SE Dr, Salem, OR 97317

    $660,000

    • 6 Beds
    • 4.5 Baths
    • 3,774 Sq Ft
    • 4507 SE Dr
    • Salem, OR

    Triplex with long term tenants and ample living space for this 6BR, 4.5 bth, 3 unit complex.The large corner lot sits on 11224 sq. ft. with private yards and patios for outdoor enjoyment, Washer/Dryer hookups and plenty of storage with private, connected garage. Entire exterior freshly painted June 2025, wifi garage door 2025, and newer roof. Located near shopping and I-5. Please don't disturb

    Kristen Albrecht HIGH COUNTRY REALTY PROFESSIONALS

    Section Image
  • 4803 Future Rd NE Unit 4833, Salem, OR 97305

    $740,000

    • 8 Beds
    • 3,790 Sq Ft
    • 4803 Future Rd NE
    • Unit 4833
    • Salem, OR

    Turn-Key Fourplex in Prime Salem Location – Ideal Investment Opportunity!Welcome to 4803, 4813, 4823, and 4833 Future Rd NE – a well-maintained and fully occupied fourplex in a quiet residential neighborhood of northeast Salem. This property features four spacious 2-bedroom, 1-bathroom units, each offering comfortable living spaces, abundant natural light, and private garage parking. Well was

    EMILY EVERHART HARCOURTS ELITE

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Personal Reps Deed $850,000 Amerititle
Warranty Deed $402,000 First American
Bargain Sale Deed -- Amerititle
Warranty Deed $333,000 Amerititle
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $382,900 New Conventional
Previous Owner $283,000 New Conventional
Previous Owner $386,650 FHA
Previous Owner $249,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 Sold $850,000 0.0% $214 / Sq Ft
06/19/2025 06/19/25 For Sale $850,000 +111.4% $214 / Sq Ft
01/11/2016 01/11/16 Sold $402,000 -4.3% $101 / Sq Ft
07/28/2015 07/28/15 Pending -- -- --
07/15/2015 07/15/15 For Sale $420,000 -- $106 / 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 $6,559 $334,050 -- --
2023 $6,366 $324,330 $0 $0
2022 $6,002 $314,890 $0 $0
2021 $5,830 $305,720 $0 $0
2020 $5,660 $296,820 $0 $0
2019 $5,461 $288,180 $0 $0
2018 $5,558 $0 $0 $0
2017 $5,017 $0 $0 $0
2016 $4,778 $0 $0 $0
2015 $4,814 $0 $0 $0
2014 $4,659 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Willamette Valley MLS

MLS Number: 828584

Willamette Valley MLS

APN: 531922