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  • $635,000

    3639 47th Ave NE, Salem, OR 97305

    8beds
    3,664sqft
    Multi Family
    Built in 1978
    -- sqft lot
    $635,300 Zestimate®
    $173/sqft
    $2,152 Estimated rent

    What's special

    ‘Solid Owner Occupant or Investment opportunity in NE Salem! This well maintained 4-Plex offers a great price point, rental upside & (1) Vacant downstairs unit ready for an owner occupant or Market rate tenant. All units are 2 bed/1 bath/916 SF with large bedrooms, large laundry area & 1 car garage. 10% rent increases have been issued and take effect on May 1, 2025. Owner pays Water/Sewer/Garbage. Long term owner & stable rental history. Roof replaced in 2013. Sale Fail due to Buyer financing.’

    Zillow last checked: 7 hours ago

    Listing updated: July 16, 2025 at 10:36am

    Listed by:

    Jordan Sparks 541-646-0650,

    SMI Commercial Real Estate LLC,

    Elesa Doll 503-884-1273,

    SMI Commercial Real Estate LLC

    Bought with:

    OR and WA Non Rmls, NA

    Non Rmls Broker

    Source: RMLS (OR),MLS#: 662387526MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Baseboard, Zoned
    Cooling
    • None
    Appliances
    • Included: Electric Water Heater
    Interior area
    • Total structure area: 3,664
    • Total interior livable area: 3,664 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage
    • Garage spaces: 4
    Features
    • Stories: 2
    Lot
    • Size: 10,018 sqft
    • Features: SqFt 10000 to 14999
    Details
    • Parcel number: 558422
    • Zoning: RM

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Siding
    • Roof: Composition
    Condition
    • Year built: 1978

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Salem

    HOA & financial

    Other financial information
    • Total actual rent: 3519

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Road surface type: Paved
    Services availability
    Get pre-qualified for a loan
    At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.

    An equal housing lender. NMLS #10287.

    Sell for more on Zillow

    Get a free Zillow Showcase℠ listing and you could sell for .

    $635,300
    2% more+ $12,706
    With Zillow Showcase(estimated)
    $648,006