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1195 1197 SHIPPING ST NE Salem, OR $ 495,000
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1195 1197 SHIPPING ST NE
$ 495,000
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1195 1197 SHIPPING ST NE

Salem, OR, 97301
$ 495,000
Bedrooms6 Baths12.0 Sq 3,282

Monthly Estimate*

$ 3,048

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Multi-Family Home for sale in Salem, OR

for $495,000 with 6 bedrooms and 12 full baths. This 3,282 square foot home was built in 2004 on a lot size of 0.14.

Great opportunity for improvement on rents. 1 side vacant, live in one side or rent them both out. Needs some TLC, but units are nice and large.

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Multi-Family Active

Price

$ 495,000

Bedrooms

6

Full Bath

12

Property Type

Multi-Family

Taxes

$ 4,999

Style

Lot Size

0.14

Year Built

2004

Town/City

Salem

County/Region

Marion

MLS | Web ID

460285283
Features
General
Sewer PublicSewer
Heating Baseboard
Roof Composition Shingle
Zoning RM2
Garage Spaces 2.0
Year Built 2004
Stories Count 2
Tax Year 2025
Parcel Number 568614
Gross Income 16800.0
County Marion
Net Operating Income 16800.0
Operating Expense 0
Property Type MultiFamily
HOA N
Rent Includes Heat Sewer Water
Status Active
Directions N on Market E on Shipping. cross st is McCoy
High School North Salem
City Salem
Disclosures Disclosure
Number Of Units Total 2
MLS Area _176
Lot Size Square Feet 6098.0
Listing Terms Cash Conventional VALoan
Elementary School Other
Tax Annual Amount 4999.48
Middle/Junior High School Parrish
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description CAPITAL STREET ADDITION BLOCK 1 LOT 14
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Exterior
Parking Features Garage
Lot Features PublicRoad
Water Source PublicWater
Exterior Description LapSiding
Foundation Details ConcretePerimeter
Building Area Total 3282.0
Lot Size Acres 0.14
Road Surface Type Paved
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Interior
Hot Water Electricity
Unit 1 Baths Total 6
Unit 1 Beds Total 3
Unit 2 Baths Total 6
Unit 2 Beds Total 3
Unit Type UnitTypeType1 UnitTypeType2
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Internal Only
Street Number 1 1195
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* Excluded Features
List By
John L. Scott Salem

Broker

Suziemiller1@proton.me

Email

Affordability Calculator

$3,464
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,048
Monthly Property Taxes
$417
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
4478658 Elementary School
1951177 Middle School
North Salem High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/9/2026$495,000 Listed Price

Map

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1195 1197 SHIPPING ST NE, Salem, OR, 97301 is a Multi-Family Home for sale at $495,000 with 3,282 sqft and a lot size of 0.14. 1195 1197 SHIPPING ST NE has 6 bedrooms, 12.0 baths, and was built in 2004. The property's zip code is 97301 which is in Salem, OR

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