Excellent investment opportunity with completely rented units! Hard to find triplex situation with 3 detached dwellings on one lot. 2 garages. Conveniently located in South central area with easy commute all around, convenient to Willamette University, Bush Park, bus lines, & other services. Off street parking spaces available. Long-time tenants. Tenants pay own utilities except for garbage. Also see MLS#796624. Write offers subject to visual inspection. Subject to closing on 1342-1346 simultaneously.
Sold for $445,000
Listed by: Paramount Real Estate Services • BRIAN AND NINA WHITE • Contact: 503-851-1645
Bought with: Non-Member Sale
$445,000
1348 Waller St SE, Salem, OR 97302
7beds
3baths
2,964sqft
Triplex
Built in 1940
-- sqft lot
$561,200 Zestimate®
$150/sqft
$1,750 Estimated rent
Home value
$561,200
$516,000 - $606,000
$1,750/mo
Zestimate® history
Owner options
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$2,719/mo
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Zillow last checked:
Listing updated:
Listed by:
BRIAN AND NINA WHITE Direc:503-851-1645,
Paramount Real Estate Services
Bought with:
NOM NON-MEMBER SALE
Non-Member Sale
Source: WVMLS,MLS#: 796625
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
Dining room
- Features: Area (Combination)
Heating
- Electric, Forced Air, Natural Gas
Appliances
- Included: Dishwasher, Electric Range, Electric Water Heater, Gas Water Heater
- Laundry: W/D Hookup
Features
- High Speed Internet
- Flooring: Laminate, Vinyl
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total structure area: 2,964
- Total interior livable area: 2,964 sqft
Property
Parking
- Parking features: 3 Spaces, Garage, Garage+1 space
Features
- Fencing: Partial
Lot
- Size: 0.27 Acres
- Dimensions: 82 x 142
- Features: Common Area, Landscaped
Details
- Additional structures: Shed(s)
- Parcel number: 596785
- Zoning: CO
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Wood Siding, Lap Siding, T111
- Foundation: Continuous
- Roof: Composition
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Connected
Community & HOA
Community
- Subdivision: Yew Park
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Price per square foot: $150/sqft
- Tax assessed value: $530,130
- Annual tax amount: $3,475
- Price range: $445K - $445K
- Date on market: 2/14/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Exclusions: Tenants personal property
- Total actual rent: 3910
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2023 | Sold | $445,000-15.2%$150/sqft |
Source:  WVMLS #796625 Report a problem | ||
| 3/3/2023 | Listed for sale | $525,000$177/sqft |
Source: WVMLS #796625 Report a problem | ||
| 2/27/2023 | Contingent | $525,000$177/sqft |
Source: WVMLS #796625 Report a problem | ||
| 11/18/2022 | Price change | $525,000-16%$177/sqft |
Source: WVMLS #796625 Report a problem | ||
| 8/12/2022 | Listed for sale | $625,000$211/sqft |
Source: WVMLS #796625 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,087 +7.8% | $198,930 +3% |
| 2024 | $3,792 +3% | $193,140 +6.1% |
| 2023 | $3,680 | $182,060 |
| 2022 | -- | $182,060 +3% |
| 2021 | $3,475 +3% | $176,760 +6.1% |
| 2020 | $3,374 +3.6% | $166,630 |
| 2019 | $3,256 +1.3% | -- |
| 2018 | $3,214 | -- |
| 2017 | $3,214 +16.3% | -- |
| 2016 | $2,763 | -- |
| 2015 | $2,763 +2.6% | -- |
| 2014 | $2,694 | -- |
Find assessor info on the county website
Neighborhood: Southeast Salem
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Nearby schools
GreatSchools rating
- 7/10Bush Elementary SchoolGrades: K-5Distance: 0.4 mi
- 5/10Leslie Middle SchoolGrades: 6-8Distance: 1.9 mi
- 5/10South Salem High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Bush
- Middle: Leslie
- High: South Salem
Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$561,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$561,200
- Oregon
- Marion County
- Salem
- 97302
- Southeast Salem
- 1348 Waller St SE
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