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East Lancaster Multifamily Home for Sale

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    $740,000

    • 8 Beds
    • 3,790 Sq Ft

    4803 Future Rd NE Unit 4833, Salem, OR 97305

    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

    4803 Future Rd NE Unit 4833, Salem, OR 97305

Why Live in East Lancaster

East Lancaster in Salem, OR, features a mix of ranch-style homes from the 1960s and 70s, along with some 21st-century Craftsman houses and manufactured homes in a 55+ community. The neighborhood is walkable with sidewalks and scattered trees providing shade. Local parks such as Royal Oaks Park and Weathers Street Park offer green spaces with playgrounds, basketball courts, and walking paths. Nearby, Cascades Gateway Park provides extensive trails, a fishing lake, and a disc golf course. East Lancaster is adjacent to major shopping areas like Willamette Town Center, which includes stores like Burlington, Barnes & Noble, and Best Buy, as well as a Regal theater. Dining options include local favorites Hacienda De Villa and Don Pedro Mayor. Groceries can be found at Fred Meyer, Safeway, and La Tapatia Supermarket. The neighborhood is car-dependent but has some public transit via Cherriots bus routes and bike lanes on major roads. Downtown Salem is a 3.5-mile drive, and Interstate 5 is easily accessible. Schools in the area include Swegle Elementary, Waldo Middle, and McKay High School, which offers a dual language program and strong band program. Blanchet Catholic School is a highly-rated private school serving grades six through 12.

Home Trends in East Lancaster, OR

Housing Trends

Median Sale Price
$349,900
Median Single Family Sale Price
$325,900
Median 1 Bedroom Sale Price
$165,000
Average Price Per Sq Ft
$179
Number of Homes for Sale
3
Last 12 months Home Sales
5
Months of Supply
7.20
Median List Price
$169,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
27%
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