Investor Alert! 2 single level detached homes on one lot. Increased opportunity for high return of investment by increasing rents. Also, consider an affordable dual-living situation in a central location or own one home and rent out the other. Each unit is 2 beds and 1 baths. Each have own laundry room, Gas Forced Air heating. Long Term Tenants with great rental history. Rents are way below market rent values with potential to increase return on investment.
Sold for $353,000
Listed by: Paramount Real Estate Services • BRIAN AND NINA WHITE • Contact: 503-851-1645
Bought with: Homesmart Realty Group
$353,000
1480 Park Ave NE, Salem, OR 97301
4beds
2baths
1,300sqft
Duplex
Built in 1947
-- sqft lot
$351,100 Zestimate®
$272/sqft
$1,533 Estimated rent
Home value
$351,100
$323,000 - $383,000
$1,533/mo
Zestimate® history
Owner options
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$2,177/mo
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Gas forced air heatingOwn laundry room
Zillow last checked:
Listing updated:
Listed by:
BRIAN AND NINA WHITE Direc:503-851-1645,
Paramount Real Estate Services
Bought with:
MICHAEL LOWERY
Homesmart Realty Group
Source: WVMLS,MLS#: 825306
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Dining room
- Features: Area (Combination)
Heating
- Forced Air, Natural Gas
Appliances
- Included: Electric Range, Range Included, Electric Water Heater, Refrigerator
- Laundry: W/D Hookup
Features
- Flooring: Carpet
- Has fireplace: No
Interior area
- Total structure area: 1,300
- Total interior livable area: 1,300 sqft
Property
Parking
- Parking features: Shared Driveway
Features
- Fencing: Partial
Lot
- Size: 5,632 Square Feet
- Dimensions: 60 x 114
- Features: Irregular Lot, Landscaped
Details
- Zoning: RS
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Wood Siding, Lap Siding
- Foundation: Continuous
- Roof: Composition
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Price per square foot: $272/sqft
- Annual tax amount: $2,460
- Price range: $353K - $353K
- Date on market: 2/6/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: Fridges & Ranges
- Exclusions: Tenants Personal Property. Some may be fixed.
- Total actual rent: 2240
Price history
| Date | Event | Price |
|---|---|---|
| 4/25/2025 | Sold | $353,000-4.1%$272/sqft |
Source:  WVMLS #825306 Report a problem | ||
| 3/10/2025 | Contingent | $368,000$283/sqft |
Source: WVMLS #825306 Report a problem | ||
| 2/6/2025 | Listed for sale | $368,000$283/sqft |
Source: WVMLS #825306 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: North East Salem
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Nearby schools
GreatSchools rating
- 6/10Hoover Elementary SchoolGrades: K-5Distance: 0.3 mi
- 3/10Parrish Middle SchoolGrades: 6-8Distance: 1.1 mi
- 5/10South Salem High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: Hoover
- Middle: Parrish
- High: North 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
$351,100
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
$351,100
- Oregon
- Marion County
- Salem
- 97301
- North East Salem
- 1480 Park Ave NE
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