‘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.’
Sold
$635,000
3639 47th Ave NE, Salem, OR 97305
8beds
3,664sqft
Multi Family
Built in 1978
-- sqft lot
$635,300 Zestimate®
$173/sqft
$1,323 Estimated rent
What's special
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#: 662387526
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
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