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1385 HINES ST Salem, OR $ 600,000
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1385 HINES ST
$ 600,000
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1385 HINES ST

Salem, OR, 97302
$ 600,000
Bedrooms5 Baths4.0 Sq 2,525

Monthly Estimate*

$ 3,694

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Multi-Family Home for sale in Salem, OR

for $600,000 with 5 bedrooms and 4 full baths. This 2,525 square foot home was built in 1920 on a lot size of 0.29.

Tons of value in this Salem 4 plex! Two separate buildings - the front building is a nicely converted, classic bungalow, with three units. The back building is a stand-alone 2 bed/1 bath house. Main building features a 2 bedroom/1 bath unit, an upstairs studio, and a 1 bedroom unit at the rear of the home. Stand alone house boasts 2 bedrooms, 1 bath, and enjoys a quiet, private setting. Fully rented! Lots of interior updates in 2021, newer Hardi siding on the front house, tons of parking for tenants and a wonderful central location, close to Willamette University, and all the best of downtown Salem. This is a solid rental with lots of potential!

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Multi-Family Active

Price

$ 600,000

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 3,471

Style

Lot Size

0.29

Year Built

1920

Town/City

Salem

County/Region

Marion

MLS | Web ID

700386141
Features
General
Sewer PublicSewer
Heating Baseboard
Cooling None
Roof Composition
Zoning rm2
Year Built 1920
Stories Count 2
Tax Year 2025
Parcel Number 571138
Gross Income 46512.0
County Marion
Net Operating Income 27826.0
Operating Expense 18685.0
Property Type MultiFamily
HOA N
Rent Includes Sewer TrashCollection Water
Status Active
Directions Mission to Hines SE
High School South Salem
City Salem
Disclosures Disclosure
Number Of Units Total 4
MLS Area _173
Lot Size Square Feet 12632.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Bush
Tax Annual Amount 3471.01
Middle/Junior High School Leslie
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description DEPOT ADDITION BLOCK 27 LOT 1 2 & FR VAC ST ACRES 0.29
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Exterior
Parking Features Open
Lot Features FloodZone Level
Water Source PublicWater
Total Parking 7.0
Exterior Description CementSiding LapSiding WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 2525.0
Lot Size Acres 0.29
Road Surface Type Paved
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Interior
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit 3 Baths Total 1
Unit 3 Beds Total 1
Unit 4 Baths Total 1
Unit 4 Beds Total 0
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Internal Only
Street Number 1 1385
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* Excluded Features
List By
John L. Scott

Broker

tomramsey1@gmail.com

Email

Affordability Calculator

$3,984
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,694
Monthly Property Taxes
$289
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
1949359 Elementary School
1950766 Middle School
South Salem High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/23/2026$600,000 Listed Price

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1385 HINES ST, Salem, OR, 97302 is a Multi-Family Home for sale at $600,000 with 2,525 sqft and a lot size of 0.29. 1385 HINES ST has 5 bedrooms, 4.0 baths, and was built in 1920. The property's zip code is 97302 which is in Salem, OR

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