4803 Future Rd NE Unit 4833 Salem, OR 97305
East Lancaster NeighborhoodEstimated payment $4,304/month
Highlights
- 0.43 Acre Lot
- Patio
- Baseboard Heating
- Territorial View
- Landscaped
- Laundry Facilities
About This Home
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 done in 2022. Excellent turnkey investment opportunity featuring four fully occupied 2-bedroom, 1-bath units with dependable tenants and a proven rent history. Two units have been recently renovated, and the property includes a new well installed in 2022 and a new perimeter fence, reducing maintenance costs and increasing long-term value.This property delivers consistent income with a gross annual rent of approximately $62,000 and a net operating income (NOI) of $48,217 based on current leases. At market rents, projected gross income increases to $69,600 annually, offering immediate upside potential. With low operating expenses, no management fees, and strong local rental demand, this is an ideal addition to any investment portfolio in the Salem area. Don’t miss this high-performing multifamily asset—contact for full financials and rent history today.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,333
Year Built
- Built in 1970
Lot Details
- 0.43 Acre Lot
- Landscaped
Home Design
- Quadruplex
- Built-Up Roof
- Lap Siding
- Vinyl Siding
Interior Spaces
- 8 Bedrooms
- 3,790 Sq Ft Home
- Dining Area
- Territorial Views
Kitchen
- Range
- Dishwasher
Flooring
- Carpet
- Laminate
- Vinyl
Outdoor Features
- Patio
Schools
- Swegle Elementary School
- Waldo Middle School
- Mckay High School
Utilities
- Baseboard Heating
- Well
- Electric Water Heater
- High Speed Internet
Listing and Financial Details
- Legal Lot and Block 12 / 2
Community Details
Overview
- 4 Units
- Mcnary Homes Add Subdivision
Amenities
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $6,333 | $382,590 | -- | -- |
| 2024 | $6,333 | $371,450 | -- | -- |
| 2023 | $5,998 | $360,640 | $0 | $0 |
| 2022 | $5,664 | $350,140 | $0 | $0 |
| 2021 | $5,612 | $339,950 | $0 | $0 |
| 2020 | $5,277 | $330,050 | $0 | $0 |
| 2019 | $5,484 | $320,440 | $0 | $0 |
| 2018 | $5,386 | $0 | $0 | $0 |
| 2017 | $4,383 | $0 | $0 | $0 |
| 2016 | $4,119 | $0 | $0 | $0 |
| 2015 | $4,136 | $0 | $0 | $0 |
| 2014 | $4,006 | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/27/2025 10/27/25 | Price Changed | $720,000 | -2.7% | $190 / Sq Ft | |
| 08/22/2025 08/22/25 | For Sale | $740,000 | 0.0% | $195 / Sq Ft | |
| 08/11/2025 08/11/25 | Pending | -- | -- | -- | |
| 04/25/2025 04/25/25 | For Sale | $740,000 | +57.4% | $195 / Sq Ft | |
| 12/27/2019 12/27/19 | Sold | $470,000 | -3.1% | $124 / Sq Ft | View Prior Sale |
| 10/25/2019 10/25/19 | Pending | -- | -- | -- | |
| 10/03/2019 10/03/19 | Price Changed | $485,000 | -2.8% | $128 / Sq Ft | |
| 07/26/2019 07/26/19 | For Sale | $499,000 | -- | $132 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Contract Of Sale | $621,114 | None Listed On Document | |
| Warranty Deed | $470,000 | Amerititle | |
| Warranty Deed | $282,680 | Amerititle | |
| Special Warranty Deed | $165,000 | Fidelity Natl Title Co Of Or | |
| Warranty Deed | $307,500 | Ticor Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $459,096 | FHA | |
| Previous Owner | $212,010 | New Conventional | |
| Previous Owner | $276,750 | Fannie Mae Freddie Mac |
Source: Willamette Valley MLS
MLS Number: 828178
APN: 582360
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
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