Sold for $700,000

Listed by: Smi Real Estate • ERIC SWANSON • Contact: Cell: 541-990-3795

Bought with: Exp Realty, Llc

$700,000

1031 Ring St NE, Salem, OR 97303

8beds

4baths

3,025sqft

Quadruplex

Built in 1960

-- sqft lot

$699,400 Zestimate^®

$231/sqft

$1,802 Estimated rent

Home value

$699,400

$650,000 - $755,000

$1,802/mo

Zestimate^® history

Owner options

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$1,802/mo

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$1,802/mo

Rent Zestimate^®

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$4,522/mo

Est. payment

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$4,522/mo

Est. payment

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What's special

Off-street parkingMetal roof

Stabilized 4-plex in a strong Keizer location generating approximately $4,670 per month in gross rents. Metal roof, off-street parking and consistent 2 bedroom demand support steady occupancy and predictable performance. Clean, small, multifamily asset in an established rental pocket. Adjacent 4-plex locate at 1061 Ring St NE also available for sale. Please do not disturb the residents.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Features

Has fireplace: No

Interior area

Total structure area: 3,025
Total interior livable area: 3,025 sqft

Property

Parking

Parking features: off street parking

Lot

Size: 0.28 Acres

Details

Parcel number: 549330
Zoning: Keizer RM

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Roof: Metal or Aluminum

Condition

New construction: No
Year built: 1960

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Hartman 02

Location

Region: Salem

Financial & listing details

Price per square foot: $231/sqft
Annual tax amount: $4,313
Price range: $700K - $700K
Date on market: 2/19/2026
Listing agreement: Exclusive Right To Sell
Listing terms: FHA,VA Loan,Cash,Conventional,1031 Exchange
Total actual rent: 4670

Price history

Date	Event	Price
4/14/2026	Sold	$700,000+0.7%$231/sqft
Source: WVMLS #837807 Report a problem
3/25/2026	Pending sale	$695,000$230/sqft
Source: RMLS (OR) #465634653 Report a problem
3/25/2026	Contingent	$695,000$230/sqft
Source: WVMLS #837807 Report a problem
2/19/2026	Listed for sale	$695,000$230/sqft
Source: RMLS (OR) #465634653 Report a problem