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1195 1197 SHIPPING ST Salem, OR $ 499,000
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1195 1197 SHIPPING ST
$ 499,000
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1195 1197 SHIPPING ST

Salem, OR, 97301
$ 499,000
Bedrooms6 Baths4.0 Sq 3,282

Monthly Estimate*

$ 3,072

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Multi-Family Home for sale in Salem, OR

for $499,000 with 6 bedrooms and 4 full baths. This 3,282 square foot home was built in 2004 on a lot size of 0.14.

Great income opportunity or live in one side. 1 long term tenant, 1 side vacant. New exterior paint and interior in vacant unit, new flooring, ready to move right in.

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Multi-Family Active

Price

$ 499,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 4,999

Style

Lot Size

0.14

Year Built

2004

Town/City

Salem

County/Region

Marion

MLS | Web ID

613455830
Features
General
Sewer PublicSewer
Heating WallHeater
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 1400.0
Operating Expense 0
Property Type MultiFamily
HOA N
Rent Includes Sewer Water
Status Active
Directions from Winter St. south on Shipping
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 FHA
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
Water Source PublicWater
Total Parking 4.0
Exterior Description Other
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 2
Unit 1 Beds Total 3
Unit 2 Baths Total 2
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

$3,489
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,072
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
5/6/2026$499,000 Listed Price

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1195 1197 SHIPPING ST, Salem, OR, 97301 is a Multi-Family Home for sale at $499,000 with 3,282 sqft and a lot size of 0.14. 1195 1197 SHIPPING ST has 6 bedrooms, 4.0 baths, and was built in 2004. The property's zip code is 97301 which is in Salem, OR

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