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4324 47TH AVE NE Salem, OR $ 429,900
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$ 429,900 Get more info
4324 47TH AVE NE
$ 429,900
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Share Save

4324 47TH AVE NE

Salem, OR, 97305
$ 429,900
Bedrooms4 Baths2.0 Sq 1,796

Monthly Estimate*

$ 2,647

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Multi-Family Home for sale in Salem, OR

for $429,900 with 4 bedrooms and 2 full baths. This 1,796 square foot home was built in 1976 on a lot size of 0.16.

Fully rented, corner lot, single-level duplex in quiet part of Hayesville neighborhood! Potential to live in one side and rent out the other. Both units (4324 47th and 4710 Linfield) are similarly sized, but slightly different layouts. Both units have a generous single-car garages. Rents are $1,330 and $1,395 with excellent tenant history. With minimal expenses, this brings a cap rate of nearly 6% when factoring in taxes and Seller's current insurance rate. There is a new roof and new gutters and fresh paint. Well maintained units!

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Multi-Family Active

Price

$ 429,900

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,447

Style

Lot Size

0.16

Year Built

1976

Town/City

Salem

County/Region

Marion

MLS | Web ID

190184954
Features
General
Sewer PublicSewer
Heating WallHeater Zoned
Roof Composition
Zoning RS
Garage Spaces 2.0
Security Features Sidewalk
Year Built 1976
Stories Count 1
Tax Year 2025
Parcel Number 546084
Gross Income 32700.0
County Marion
Net Operating Income 26132.0
Operating Expense 6568.0
Property Type MultiFamily
HOA N
Subdivision Name HAYESVILLE
Rent Includes Sewer Water
Status Active
Directions Lancaster or Cordon to Ward. From Ward go south on 47th one block to corner of Linfield and 47th.
High School McKay
City Salem
Disclosures Disclosure
Number Of Units Total 2
MLS Area _176
Lot Size Square Feet 6969.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Yoshikai
Tax Annual Amount 3447.85
Middle/Junior High School Stephens
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description COLLEGE PARK ESTATES NO 2 BLOCK 2 LOT 17 ACRES 0.161
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Interior
Basement CrawlSpace
Storage Attached Garage
Hot Water Electricity Tank
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Driveway Garage
Lot Features CornerLot Level PublicRoad
Water Source Community
Total Parking 2.0
Exterior Description CementSiding LapSiding T111Siding
Foundation Details ConcretePerimeter
Building Area Total 1796.0
Lot Size Acres 0.16
Road Surface Type Paved
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Internal Only
Street Number 1 4324
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* Excluded Features
List By
Willner Properties Llc

Broker

randy@willnerpropertiesnw.com

Contact

Affordability Calculator

$2,934
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,647
Monthly Property Taxes
$287
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4453779 Elementary School
1949317 Middle School
McKay High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/15/2026$429,900 -2.27% Price Down
2/18/2026$439,900 Listed Price

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4324 47TH AVE NE, Salem, OR, 97305 is a Multi-Family Home for sale at $429,900 with 1,796 sqft and a lot size of 0.16. 4324 47TH AVE NE has 4 bedrooms, 2.0 baths, and was built in 1976. The property's zip code is 97305 which is in Salem, OR

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