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1213 OAKHILL AVE SE Salem, OR $ 650,000
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1213 OAKHILL AVE SE
$ 650,000
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1213 OAKHILL AVE SE

Salem, OR, 97302
$ 650,000
Bedrooms8 Baths4.0 Sq 3,064

Monthly Estimate*

$ 4,002

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Multi-Family Home for sale in Salem, OR

for $650,000 with 8 bedrooms and 4 full baths. This 3,064 square foot home was built in 1963 on a lot size of 0.33.

Great investment opportunity whether you're growing your portfolio or just getting started. Investment property w/numerous updates. New roof (2016-2017). Sewer line replaced from all 4 units out to main (approx. 2019). All new water heaters(2016). Electric panels in all 4 units replaced (2020). All vertical blinds (2025). All new LED lights. Unit #1213 updated 2017 with new carpet, baseboard units, vinyl floor, refrigerator, dishwasher and cabinet bases. Unit #1219 has new flooring, ceiling fan, refrigerator, interior paint, baseboard units, re-finished countertop (2024). NEW gated vinyl privacy fencing for each unit patio area (summer 2025)!2 units have W/D hookups, other 2 units use shared onsite coin-op laundry room. Each unit includes 2 parking spots for tenants. 2 storage sheds on property. Lots of open play area. Rents are under market! No rent increases done since 2022. Located in a quiet, well-kept, area. Desirable South Salem neighborhood.

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Multi-Family Active

Price

$ 650,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,708

Style

Lot Size

0.33

Year Built

1963

Town/City

Salem

County/Region

Marion

MLS | Web ID

177256462
Features
General
Sewer PublicSewer
Heating Baseboard
Roof Composition
Zoning RM2
Security Features SecurityLights
Year Built 1963
Stories Count 1
Parcel Number 582859
Gross Income 40500.0
Community Features Commons Laundry
County Marion
Net Operating Income 25412.0
Operating Expense 15088.0
Property Type MultiFamily
HOA N
Subdivision Name MORNINGSIDE
Rent Includes Sewer TrashCollection Water
Status Active
Directions From South Salem head S on Commercial R on 12th R on Oakhill. 1st plex on left
High School South Salem
City Salem
Disclosures Disclosure
Number Of Units Total 4
MLS Area _173
Lot Size Square Feet 14374.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Morningside
Tax Annual Amount 5708.08
Middle/Junior High School Leslie
Property Condition UpdatedRemodeled
Virtual Tour https://media.pacwestrmg.com/1219-Oakhill-Ave-SE/idx
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description MORNINGSIDE ADDITION BLOCK 1 LOT OUTLOTS FR 9 & 10 ACRES 0.33
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Interior
Basement CrawlSpace
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 2
Unit 4 Baths Total 1
Unit 4 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Exterior
Parking Features Driveway OffStreet
Lot Features Level
Water Source PublicWater
Total Parking 8.0
Exterior Description Other
Foundation Details ConcretePerimeter
Building Area Total 3064.0
Lot Dimensions 91 X 159
Lot Size Acres 0.33
Road Surface Type Paved
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Internal Only
Street Number 1 1213
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* Excluded Features
List By
Berkshire Hathaway Homeservices Nw Real Estate

Broker

ljthomas@bhhsnw.com

Email

Affordability Calculator

$4,478
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,002
Monthly Property Taxes
$476
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
1950533 Elementary School
1950766 Middle School
South Salem High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/16/2026$650,000 Listed Price

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1213 OAKHILL AVE SE, Salem, OR, 97302 is a Multi-Family Home for sale at $650,000 with 3,064 sqft and a lot size of 0.33. 1213 OAKHILL AVE SE has 8 bedrooms, 4.0 baths, and was built in 1963. The property's zip code is 97302 which is in Salem, OR

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