Well-maintained 4-unit property in a central South Salem location! Features a newer roof and exterior paint, plus stable tenants with long-term rental history. Each spacious 1,024 SF townhome-style unit offers 2 beds, 1.5 baths, private decks, and washer/dryer hookups. Off-street parking adds convenience for residents. Great investment opportunity with solid rental appeal!
Sold
$730,000
1480 Salishan St SE, Salem, OR 97302
8beds
4,096sqft
Multi Family
Built in 1977
-- sqft lot
$729,900 Zestimate®
$178/sqft
$1,425 Estimated rent
Home value
$729,900
$693,000 - $766,000
$1,425/mo
Zestimate® history
Owner options
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$1,425/mo
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$1,425/mo
Rent Zestimate®
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$4,416/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$4,416/mo
Est. payment
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Private decksOff-street parkingNewer roof
Zillow last checked:
Listing updated:
Listed by:
Jordan Sparks 541-646-0650,
SMI Commercial Real Estate LLC
Bought with:
OR and WA Non Rmls, NA
Non Rmls Broker
Source: RMLS (OR),MLS#: 355020379
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 4
- Partial bathrooms: 4
Heating
- Other
Cooling
- Other
Appliances
- Included: Electric Water Heater
Interior area
- Total structure area: 4,096
- Total interior livable area: 4,096 sqft
Property
Features
- Stories: 2
Lot
- Features: SqFt 7000 to 9999
Details
- Parcel number: 580352
- Zoning: RS
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Composition
Condition
- Approximately
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Salem
Financial & listing details
- Price per square foot: $178/sqft
- Annual tax amount: $5,813
- Date on market: 3/10/2026
- Cumulative days on market: 99 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 4096
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Sold | $730,000-2.7%$178/sqft |
Source:  RMLS (OR) #355020379 Report a problem | ||
| 3/11/2026 | Listed for sale | $749,900$183/sqft |
Source: RMLS (OR) #355020379 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Morningside
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Nearby schools
GreatSchools rating
- 8/10Morningside Elementary SchoolGrades: K-5Distance: 0.5 mi
- 5/10Leslie Middle SchoolGrades: 6-8Distance: 0.5 mi
- 5/10South Salem High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Morningside
- Middle: Leslie
- High: South Salem
Source: RMLS (OR). 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
$729,900
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
$729,900
- Oregon
- Marion County
- Salem
- 97302
- Morningside
- 1480 Salishan St SE
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