$425,000
SOLD DEC 6, 2024

546 48th Ct SE Unit 548 Salem, OR 97317

-- Bed
-- Bath
1,770 Sq Ft
9,147 Sq Ft Lot

Recently Sold

$240 Per Sq Ft

3% Above List Price

32 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • 1-Story Property
  • Storage
  • Level Lot
  • 2-minute walk to Santana County Park

About This Home

As of December 2024

Incredible duplex on a quiet street in a GREAT area. One unit has recently vacated making this the perfect situation for an owner occupant. You can live on one side and pay a substantial amount of your mortgage with rent from the other unit. This property features a carport for each unit, dedicated storage, a private backyard for each unit, open floor plan, spacious bedrooms and more.

Last Agent to Sell the Property

Sean Robbins

eXp Realty LLC License #201206043 Listed on: 08/05/2024

eXp Realty LLC

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,856

Year Built

  • Built in 1971

Lot Details

  • 9,147 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,770 Sq Ft Home
  • 1-Story Property
  • Storage

Parking

  • 2 Parking Spaces
  • Carport

Schools

  • Eyre Elementary School
  • Houck Middle School
  • South Salem High School

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number 553465

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $16,060
  • Gross Income $33,060
  • Net Operating Income $27,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,856

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1971
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: Attached
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Other
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Concrete
  • Roof: Composition

Garage/Parking

  • Parking Description: Carport
  • Attached Garage: No
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Eyre
  • High School: South Salem
  • Middle Or Junior School: Houck

Lot Info

  • Zoning: RS
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9147.0
  • Parcel #: 553465

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 2856.19
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.48
  • Annual Gross Income: 33060.0
  • Property Net Operating Income: 27000.0
  • Annual Operating Expense: 16060.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2024
Closed on
Dec 6, 2024
Sold by
Advantage Equities 19531 Llc and Oaktree Real Estate Llc
Bought by
Perez John Eruviel Agui and Perez Jesse Martin
Seller's Agent
Sean Robbins
eXp Realty LLC
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$412,500
Sold Price
$425,000
Premium/Discount to List
$12,500
3.03%
Views
49
Current Estimated Value
$426,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,136
Avg. Annual Appreciation
1.69%
Original Mortgage
$417,302
Outstanding Balance
$414,250
Interest Rate
6.54%
Mortgage Type
FHA
Estimated Equity
$15,837

Purchase Details

Closed on
Jul 25, 2024
Sold by
Kono Todd
Bought by
Advantage Equities 19531 Llc and Oaktree Real Estate Llc

Purchase Details

Closed on
Jul 27, 2018
Sold by
Tabler Leroy D and Tabler Dolores A
Bought by
Property Max Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,600
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2018
Sold by
Property Max Llc
Bought by
Kono Todd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,600
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Similar Homes in Salem, OR

  • 4417 Short Line Ln NE, Salem, OR 97301

    $409,900

    • 3 Beds
    • 2 Baths
    • 1,335 Sq Ft
    • 4417 Short Line Ln NE
    • Salem, OR

    Exclusive Opportunity! Nestled at the end of a quiet dead-end street, this 2021-built 3 bed, 2 bath beauty is move-in ready and full of charm. Step inside to a spacious, modern layout with the primary suite privately set apart. Freshly painted with well-kept flooring throughout, the interior shines with pride of ownership. Move-in ready with modern touches, a fully fenced yard, and a layout that

    Lorenzo Flores Realty of America, LLC

    Section Image
  • 967 Shenandoah Dr SE, Salem, OR 97317

    $475,000

    • 4 Beds
    • 2 Baths
    • 2,058 Sq Ft
    • 967 Shenandoah Dr SE
    • Salem, OR

    Great duplex in South East Salem! Each unit has 2 bedrooms and 1 bathroom. Open layout of living room, dining room, and kitchen. Each has their own laundry off of the dining room as well as their own private backyards. Call for a showing today! Both sides are tenant-occupied. Photos only show 967 Shenandoah.

    TAYLOR LADEBY HOMESTAR BROKERS

    Section Image
  • 4838 State (-4840) St, Salem, OR 97301

    $440,000

    • 4 Beds
    • 2 Baths
    • 1,748 Sq Ft
    • 4838 State (-4840) St
    • Salem, OR

    Excellent investment opportunity or perfect for owner-occupancy! Each unit features a smart layout with no shared interior walls, offering added privacy. Attached garages and ample parking, private fenced yards with patios, and laundry located off the kitchen. Prime location near schools, shopping, and easy freeway access. Don't miss this versatile property!

    Kinsey Reynolds EXP REALTY, LLC

    Section Image
  • 2519 Hyde Ct (& 2521) Ct SE, Salem, OR 97301

    $339,900

    • 4 Beds
    • 2 Baths
    • 1,560 Sq Ft
    • 2519 Hyde Ct (& 2521) Ct SE
    • Salem, OR

    Estate Sale – Duplex in Convenient Salem Location. Incredible opportunity to own a well-priced duplex offering two 2BD/1BA units, each featuring: functional floor plans, tub-shower combos, in-unit washer/dryer hookups and single-car garages. The duplex is well priced at under $180,000 per unit; great opportunity for value-add investors looking to build equity through updates and rent increases.

    Brian Smith COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

    Section Image
  • 2515 Hyde Ct SE Unit 2517, Salem, OR 97301

    $339,900

    • 4 Beds
    • 2 Baths
    • 1,560 Sq Ft
    • 2515 Hyde Ct SE
    • Unit 2517
    • Salem, OR

    Estate Sale – Duplex in Convenient Salem Location. Incredible opportunity to own a well-priced duplex offering two 2BD/1BA units, each featuring: functional floor plans, tub-shower combos, in-unit washer/dryer hookups and single-car garages. The duplex is well priced at under $180,000 per unit; great opportunity for value-add investors looking to build equity through updates and rent increases.

    Brian Smith COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

    Section Image
  • 4722 Carolina Ave NE, Salem, OR 97305

    $389,990

    • 3 Beds
    • 1.5 Baths
    • 1,322 Sq Ft
    • 4722 Carolina Ave NE
    • Salem, OR

    Easy to show. Text or call L.A. for an appointment?key box at the Gas meter.Open House: Saturday, 06/29, from 12:00 to 3:00 p.m., and Sunday, 06/30, from 12:00 to 2:00 p.m.From Cordon: W on Carolina.From Lancaster: E on Sunnyview, N on Brown, E on Carolina.

    Baltazar Molina-Pimentel Tu Casa Corporation

    Section Image
  • 2806 Livingston (-2808) St NE, Salem, OR 97301

    $518,000

    • 4 Beds
    • 2.5 Baths
    • 2,474 Sq Ft
    • 2806 Livingston (-2808) St NE
    • Salem, OR

    Solid investment duplex in a strong rental market! This well-maintained property features two separately metered units: a spacious 3-bedroom unit estimated to rent for $2,400/month, and a cozy 1-bedroom unit projected at $1,200/month. Current market rents generate a combined $44,400 in annual gross income with tenants covering all utilities except water/sewer. Refer to WVMLS #827762 With a

    Melina Tomson TOMSON BURNHAM, LLC

    Section Image
  • 1625 12th St SE, Salem, OR 97302

    $399,000

    • 4 Beds
    • 2 Baths
    • 1,344 Sq Ft
    • 1625 12th St SE
    • Salem, OR

    Unique rental housing opportunity. 5 room boarding home located 1 mile from the Willamette University campus. Off street parking will accommodate all tenants. CR Zoning provides flexibility for future uses (Previously used for Title Office). Please do not disturb the tenants.

    Chris Salaz SMI REAL ESTATE

    Section Image
See All Homes in Salem

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
Warranty Deed $425,000 Amerititle
Warranty Deed $425,000 Amerititle
Bargain Sale Deed -- Wfg Title
Warranty Deed $167,000 Amerititle
Warranty Deed $220,000 Amerititle
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $417,302 FHA
Closed $417,302 FHA
Previous Owner $213,000 New Conventional
Previous Owner $21,600 New Conventional
Previous Owner $206,975 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2024 12/06/24 Sold $425,000 +3.0% $240 / Sq Ft
09/06/2024 09/06/24 Pending -- -- --
08/26/2024 08/26/24 For Sale $412,500 0.0% $233 / Sq Ft
08/09/2024 08/09/24 Pending -- -- --
08/05/2024 08/05/24 For Sale $412,500 -- $233 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $3,017 $174,170 -- --
2023 $2,856 $169,100 $0 $0
2022 $2,691 $164,180 $0 $0
2021 $2,666 $159,400 $0 $0
2020 $2,508 $154,760 $0 $0
2019 $2,527 $150,260 $0 $0
2018 $2,545 $0 $0 $0
2017 $2,060 $0 $0 $0
2016 $1,975 $0 $0 $0
2015 $1,953 $0 $0 $0
2014 $1,794 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sean Robbins

    Seller's Agent in 2024

    Sean Robbins

    eXp Realty LLC

    (949) 220-9251

    6 in this area

    245 Total Sales

    Sean Robbins
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24048258

Regional Multiple Listing Service (RMLS)

APN: 553465

Oregon Marion County Salem 97317

546 48th Ct SE Unit 548, Salem, OR

This home is located at 546 48th Ct SE Unit 548, Salem, OR 97317 and is currently priced at $425,000, approximately $240 per square foot. This property was built in 1971. 546 48th Ct SE Unit 548 is a home located in Marion County with nearby schools including Eyre Elementary School, Houck Middle School, and South Salem 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.

Nearby Homes