4212 47TH NE AVE, Salem, OR 97305

  • $1,500,000

Overview

  • 6.0
    Car Garage
  • 6900 Sqft
    Property Size
  • 1972
    Year Built
  • MultiFamily
    Property Type
  • 585195910
    MLS#
  • 0.17 Acres
    Land Area
  • eXp Realty, LLC
    Office Name
  • Dawn Cordiner
    Agent Name

Description

Well maintained package of three duplexes, 4212, 4222, & 4252 47th Ave NE, located on a quiet residential street in Salem. The properties are offered together as a portfolio, with the ability to finance each duplex individually. Each building is separately addressed and lends itself to individual lending, providing flexibility for investors who want to structure multiple loans, diversify risk, or plan for future individual disposition. The portfolio is professionally managed and fully occupied, providing stable, in place income from day one. The buildings feature consistent two story designs with matching layouts, pitched roofs, and clean exterior lines. Each duplex offers two units with similar floor plans, generous natural light, and functional interiors. Units include well sized living areas, practical kitchens with ample cabinetry and counter space, and comfortable bedroom layouts. Each property has its own driveway and off street parking, along with simple, low maintenance landscaping. The properties are well positioned within an established residential neighborhood, with convenient access to local services, and amenities. Rents are in place and supported by current market conditions, offering immediate income without reliance on aggressive projections. The similar construction and layout across all three duplexes create operational efficiency while still allowing each property to be financed, held, or sold separately in the future. This is a strong opportunity for investors seeking small multifamily assets with flexible financing options, professional management in place, and long term hold potential.

Details

Updated on March 7, 2026 at 8:38 am
  • MLS# 585195910
  • Price $1,500,000
  • Property Size 6900 Sqft
  • Land Area 0.17 Acres
  • Car Garage 6.0
  • Garage Size x x
  • Year Built 1972
  • Property Type MultiFamily
  • Property Status Active
  • Office Name eXp Realty, LLC
  • Agent Name Dawn Cordiner
  • Office Phone 888-814-9613

Additional details

  • Listing Terms Cash, Conventional
  • Roof Composition
  • Sewer Public Sewer
  • Heating Zoned
  • County Marion
  • Property Type MultiFamily
  • Parking Driveway
  • Elementary School Yoshikai
  • Middle School Stephens
  • High School Mc Kay

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