‘Solid Owner Occupant or Investment opportunity in NE Salem! This well maintained 4-Plex offers a great price point, rental upside & (1) Vacant downstairs unit ready for an owner occupant or Market rate tenant. All units are 2 bed/1 bath/916 SF with large bedrooms, large laundry area & 1 car garage. 10% rent increases have been issued and take effect on May 1, 2025. Owner pays Water/Sewer/Garbage. Long term owner & stable rental history. Roof replaced in 2013. Sale Fail due to Buyer financing.’
Sold
$635,000
3639 47th Ave NE, Salem, OR 97305
8beds
3,664sqft
Multi Family
Built in 1978
-- sqft lot
$631,100 Zestimate®
$173/sqft
$1,582 Estimated rent
Home value
$631,100
$581,000 - $688,000
$1,582/mo
Zestimate® history
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$3,885/mo
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Zillow last checked:
Listing updated:
Listed by:
Jordan Sparks 541-646-0650,
SMI Commercial Real Estate LLC,
Elesa Doll 503-884-1273,
SMI Commercial Real Estate LLC
Bought with:
OR and WA Non Rmls, NA
Non Rmls Broker
Source: RMLS (OR),MLS#: 662387526
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Zoned
Cooling
- None
Appliances
- Included: Electric Water Heater
Interior area
- Total structure area: 3,664
- Total interior livable area: 3,664 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Stories: 2
Lot
- Size: 10,018 Square Feet
- Features: SqFt 10000 to 14999
Details
- Parcel number: 558422
- Zoning: RM
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Salem
Financial & listing details
- Price per square foot: $173/sqft
- Tax assessed value: $716,500
- Annual tax amount: $5,538
- Date on market: 1/29/2025
- Cumulative days on market: 168 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 3519
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2025 | Sold | $635,000-8.6%$173/sqft |
Source:  RMLS (OR) #662387526 Report a problem | ||
| 6/11/2025 | Contingent | $695,000$190/sqft |
Source:  WVMLS #824885 Report a problem | ||
| 4/7/2025 | Price change | $695,000-5.4%$190/sqft |
Source: WVMLS #824885 Report a problem | ||
| 2/18/2025 | Listed for sale | $735,000$201/sqft |
Source: WVMLS #824885 Report a problem | ||
| 2/10/2025 | Pending sale | $735,000$201/sqft |
Source: RMLS (OR) #662387526 Report a problem | ||
| 2/6/2025 | Contingent | $735,000$201/sqft |
Source: WVMLS #824885 Report a problem | ||
| 1/27/2025 | Listed for sale | $735,000+134.5%$201/sqft |
Source: WVMLS #824885 Report a problem | ||
| 7/11/2019 | Listing removed | $865 |
Source: Zillow Rental Manager Report a problem | ||
| 7/9/2019 | Price change | $865+1.8% |
Source: Zillow Rental Manager Report a problem | ||
| 6/8/2019 | Listed for rent | $850 |
Source: Owner Report a problem | ||
| 11/24/2014 | Listing removed | $313,490$86/sqft |
Source: Owner Report a problem | ||
| 11/19/2014 | Listed for sale | $313,490$86/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,736 +3.6% | $330,780 +3% |
| 2024 | $5,539 +5.7% | $321,150 +6.1% |
| 2023 | $5,242 +2.7% | $302,720 |
| 2022 | $5,104 +0.9% | $302,720 +3% |
| 2021 | $5,057 +6.3% | $293,910 +6.1% |
| 2020 | $4,758 -0.8% | $277,040 |
| 2019 | $4,796 +1.9% | -- |
| 2018 | $4,708 | -- |
| 2017 | $4,708 +30.5% | -- |
| 2016 | $3,607 | -- |
| 2015 | $3,607 +7.6% | -- |
| 2014 | $3,351 +11.2% | -- |
| 2013 | $3,012 | -- |
| 2012 | $3,012 -4.6% | -- |
| 2011 | $3,157 +4.1% | $227,360 +6.1% |
| 2010 | $3,032 +0.8% | $214,320 |
| 2009 | $3,008 +3% | $214,320 +3% |
| 2008 | $2,922 +4.2% | $208,080 |
| 2007 | $2,805 +2.3% | -- |
| 2006 | $2,742 +1.9% | -- |
| 2005 | $2,690 -0.6% | -- |
| 2004 | $2,707 +5.8% | -- |
| 2003 | $2,558 +2.9% | -- |
| 2002 | $2,485 +2.1% | -- |
| 2001 | $2,433 +4% | -- |
| 2000 | $2,339 | -- |
Find assessor info on the county website
Neighborhood: Hayesville
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Nearby schools
GreatSchools rating
- 2/10Lamb Elementary SchoolGrades: K-5Distance: 0.5 mi
- 2/10Stephens Middle SchoolGrades: 6-8Distance: 1.4 mi
- 2/10McKay High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Lamb
- Middle: Stephens
- High: Mckay
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
$631,100
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
$631,100
- Oregon
- Marion County
- Salem
- 97305
- Hayesville
- 3639 47th Ave NE
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