March 2026 rent increase. Take another look! Updated price reflects brand new exterior paint, fencing & repairs-this is a true turnkey 4-unit investment. Fully rented with solid residents. Purpose-built with 14 beds, 8 baths total, newer roof, fiber cement siding, on-site laundry & ample parking. Low-maintenance, low-expense property in a convenient location with great cash flow & market upside. Rare unit mix: (3) 4-bed + (1) 2-bed. Separate electrical meters. More info available - call today!
Active
$950,000
241 25th St NW, Salem, OR 97301
14beds
4,292sqft
Est.:
Multi Family
Built in 1996
-- sqft lot
$-- Zestimate®
$221/sqft
$-- HOA
What's special
Ample parkingFiber cement sidingOn-site laundryBrand new exterior paintNewer roof
- 364 days |
- 156 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: March 17, 2026 at 02:39am
Listed by:
Susan Long 541-740-7722,
Keller Williams Realty Mid-Willamette
Source: RMLS (OR),MLS#: 254623360
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 8
- Full bathrooms: 4
- Partial bathrooms: 4
Appliances
- Included: Dishwasher, Range, Refrigerator, Electric Water Heater
- Laundry: Common Area
Interior area
- Total structure area: 4,292
- Total interior livable area: 4,292 sqft
Property
Parking
- Total spaces: 12
- Parking features: Off Street, Paved
Features
- Stories: 1
Lot
- Size: 9,147.6 Square Feet
- Features: SqFt 7000 to 9999
Details
- Parcel number: 571801
- Zoning: RM
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement Siding, Lap Siding
- Roof: Composition
Condition
- Existing
- Year built: 1996
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Laundry
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Price per square foot: $221/sqft
- Annual tax amount: $8,347
- Date on market: 3/21/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 7295
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2025 | Price change | $950,000+2.7%$221/sqft |
Source:  RMLS (OR) #254623360 Report a problem | ||
| 3/31/2025 | Listed for sale | $925,000$216/sqft |
Source: RMLS (OR) #254623360 Report a problem | ||
| 3/26/2025 | Pending sale | $925,000$216/sqft |
Source: RMLS (OR) #254623360 Report a problem | ||
| 3/21/2025 | Listed for sale | $925,000$216/sqft |
Source: RMLS (OR) #254623360 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$5,269/mo
Principal & interest
$4628
Property taxes
$641
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Climate risks
Neighborhood: Northeast Neighbors
Nearby schools
GreatSchools rating
- 5/10Richmond Elementary SchoolGrades: K-5Distance: 0.3 mi
- 5/10Leslie Middle SchoolGrades: 6-8Distance: 2.4 mi
- 5/10South Salem High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- High: South Salem
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 97301
- Oregon
- Marion County
- Salem
- 97301
- Northeast Neighbors
- 241 25th St NW
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