4981 4985 FONTANA ST SE Salem, OR $ 550,000
4981 4985 FONTANA ST SE
$ 550,000
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4981 4985 FONTANA ST SE

Salem, OR, 97317
$ 550,000
Bedrooms6 Baths4.0

Monthly Estimate*

$ 3,386

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Multi-Family Home for sale in Salem, OR

for $550,000 with 6 bedrooms and 4 full baths. This home was built in 2003 on a lot size of 0.18.

Rare opportunity to own this 2,212 sq ft single-story duplex on a large corner lot on a quiet, non-throughway street. Both units feature 3 bedrooms, 2 full baths and double car garages. Unit 4981 has had recent updates including LVP flooring, quartz kitchen countertops, paint and is currently vacant available for owner occupied while subsidizing mortgage payments renting the other unit. Unit 4895 is occupied, do not disturb the tenants. Do not wait for this one will go fast.

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Multi-Family Pending

Price

$ 550,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 4,710

Style

Lot Size

0.18

Year Built

2003

Town/City

Salem

County/Region

Marion

MLS | Web ID

497351881

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling None
Roof Composition
Zoning RS
Garage Spaces 4.0
Year Built 2003
Tax Year 2025
Parcel Number 331493
Gross Income 49200.0
County Marion
Net Operating Income 44400.0
Operating Expense 0
Property Type MultiFamily
HOA N
Rent Includes Sewer
Status Pending
Directions State St to North on 49th Ave SE to East on Fontana St SE
High School South Salem
City Salem
Number Of Units Total 2
MLS Area _176
Lot Size Square Feet 7840.0
Listing Terms Cash Conventional FHA
Elementary School Other
Tax Annual Amount 4710.53
Middle/Junior High School Other
Property Condition UpdatedRemodeled
Standard Status Pending
Accessory Dwelling Unit Y/N N
Legal Description FONTANA PINES PHASE 1 LOT 18
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Interior
Basement CrawlSpace
Storage Garage
Hot Water Gas
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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Exterior
Parking Features Attached Garage
Lot Features CornerLot Level
Water Source PublicWater
Total Parking 2.0
Exterior Description CementSiding LapSiding
Foundation Details ConcretePerimeter
Lot Size Acres 0.18
Road Surface Type Paved
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Internal Only
Street Number 1 4981
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* Excluded Features
List By
Shelby Real Estate Pc

Broker

shelbyreoffice@gmail.com

Email

Affordability Calculator

$3,779
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,386
Monthly Property Taxes
$393
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
4563806 Elementary School
1950092 Middle School
South Salem High School High School
Pricing History
DatePricePrice ChangeDescription
5/27/2026$550,000 Listed Price

Map


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4981 4985 FONTANA ST SE, Salem, OR, 97317 is a Multi-Family Home for sale at $550,000 with a lot size of 0.18. 4981 4985 FONTANA ST SE has 6 bedrooms, 4.0 baths, and was built in 2003. The property's zip code is 97317 which is in Salem, OR