Sold for $513,000

Listed by: Smi Real Estate • SABRINA JAMES • Contact: 971-218-9349

Bought with: Sparrow Real Estate, Llc

$513,000

1487 Sylvan Ave SE, Salem, OR 97302

5beds

4baths

2,303sqft

Duplex

Built in 1992

-- sqft lot

$509,500 Zestimate^®

$223/sqft

$1,882 Estimated rent

Home value

$509,500

$474,000 - $550,000

$1,882/mo

Zestimate^® history

Owner options

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$1,882/mo

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$1,882/mo

Rent Zestimate^®

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$3,117/mo

Est. payment

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$3,117/mo

Est. payment

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What's special

Large single-story duplexPrivate fenced backyardAttached garageCorner lot

Offer deadline Monday, 8/18 at 5PM. Assumable 2.625% FHA loan available! Large single-story duplex on corner lot in prime location! Proforma rents at $48,600 annually with low expenses. Each unit offers W/D hookups, private fenced backyard, and attached garage. Unit mix: Sylvan 3 bed 2 bath with a 2-car garage & Sunland 2 bed 1.5 bath with a 1-car garage. Separately metered for electric. Just 1.5 miles from I5 and near shops & schools, making it easy to rent! Please do not disturb tenants.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4

Dining room

Features: Area (Combination)

Heating

Heat Pump

Appliances

Included: Dishwasher, Electric Water Heater
Laundry: W/D Hookup

Features

Flooring: Carpet, Laminate
Has fireplace: No

Interior area

Total structure area: 2,303
Total interior livable area: 2,303 sqft

Property

Parking

Parking features: 2 car garage, 1 car garage

Features

Patio & porch: Covered Patio
Exterior features: Brown
Fencing: Fenced
Has view: Yes
View description: Territorial

Lot

Size: 8,780 Square Feet
Features: Irregular Lot

Details

Additional structures: RV/Boat Storage
Zoning: RS

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Lap Siding
Foundation: Continuous
Roof: Composition

Condition

New construction: No
Year built: 1992

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: RM Tone

HOA

Has HOA: No

Location

Region: Salem

Financial & listing details

Price per square foot: $223/sqft
Annual tax amount: $5,709
Price range: $513K - $513K
Date on market: 8/13/2025
Listing agreement: Exclusive Right To Sell
Listing terms: Assumable,Cash,Conventional,VA Loan,FHA
Exclusions: Tenant belongings

Price history

Date	Event	Price
11/26/2025	Sold	$513,000+2.6%$223/sqft
Source: WVMLS #832588 Report a problem
8/24/2025	Contingent	$499,900$217/sqft
Source: WVMLS #832588 Report a problem
8/13/2025	Listed for sale	$499,900$217/sqft
Source: WVMLS #832588 Report a problem