4575 SHIPPS PL Salem, OR $ 420,000
4575 SHIPPS PL
$ 420,000
Recently Listed
Open House 6/28 10am - 12pm
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4575 SHIPPS PL

Salem, OR, 97305
$ 420,000
Bedrooms5 Baths2.1 Sq 1,906

Monthly Estimate*

$ 2,652

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Single Family Home for sale in Salem, OR

for $420,000 with 5 bedrooms and 2 full baths, 1 half bath. This 1,906 square foot home was built in 2007 on a lot size of 0.09.

Welcome to a spacious 1,886-square-foot home offering incredible potential in a welcoming Northeast Salem neighborhood. Featuring an open-concept layout with 4 beds + den/office + 2.5 baths, this property is intentionally priced at an attractive $420,000. This property offers the unique advantage of built-in financial upside for a buyer or investor willing to handle some cosmetic updates, allowing you to build sweat equity.The home offers a distinct edge over new builds with its larger, more established footprint and a mature quiet neighborhood setting. The main floor features an open living area with 9 ft ceilings, a cozy gas fireplace, a functional kitchen with cherry cabinetry, and a versatile office that could be a 5th bedroom on the main level. Upstairs, there are 4 more generous sized bedrooms. Built on a level lot with durable cement siding, energy-efficient double-pane windows, and an attached 2 car garage, this standout property is a phenomenal opportunity to invest directly into personalizing a home with significant equity potential.

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Open House

6/28/2026 10:00 AM - 12:00 PM
4575 SHIPPS PL Salem, OR
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Single Family Active

Price

$ 420,000

Bedrooms

5

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 4,933

Style

Stories2

Lot Size

0.09

Year Built

2007

Town/City

Salem

County/Region

Marion

MLS | Web ID

505363177

Features
Interior
Interior Amenities GarageDoorOpener HighCeilings VaultedCeiling VinylFloor WasherDryer
Basement CrawlSpace
Total Fireplaces 1
Fireplace Features Gas
Hot Water Gas
Window Features DoublePaneWindows
Total Bathrooms 2.1
Total Bedrooms 5
Total Baths 3
1/2 Baths 1
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General
Sewer PublicSewer
Heating ForcedAir
Cooling AirConditioningReady
Roof Composition
Appliances BuiltinRange Dishwasher Disposal FreeStandingRefrigerator Microwave PlumbedForIceMaker
Garage Spaces 2.0
Architectural Style Stories2
Year Built 2007
Stories Count 2
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number 339723
Accessibility GarageonMain
County Marion
Property Type Residential
HOA N
Full Baths 2
Status Active
Directions Left On Shipps >> House Is On the Left
High School McKay
City Salem
Disclosures Disclosure
MLS Area _176
Lot Size Square Feet 3920.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Scott
Tax Annual Amount 4933.35
Middle/Junior High School Waldo
Property Condition Resale
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description FARRELL MEADOWS LOT 5
ADU False
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Exterior
Exterior Amenities Fenced Yard
Parking Features Driveway
Lot Features Level
Water Source PublicWater
Total Parking 2.0
Garage Type Attached
Exterior Description CementSiding
Foundation Details PillarPostPier
Building Area Total 1906.0
Lot Size Acres 0.09
Road Surface Type Paved
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Internal Only
Street Number 1 4575
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* Excluded Features
List By
Keller Williams Realty Portland Premiere

Broker

503-799-1835

Contact

Affordability Calculator

$3,063
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,652
Monthly Property Taxes
$411
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
3935646 Elementary School
1949715 Middle School
McKay High School High School
Pricing History
DatePricePrice ChangeDescription
6/24/2026$420,000 Listed Price

Map


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4575 SHIPPS PL, Salem, OR, 97305 is a Single Family Home for sale at $420,000 with 1,906 sqft and a lot size of 0.09. 4575 SHIPPS PL has 5 bedrooms, 2.1 baths, and was built in 2007. The property's zip code is 97305 which is in Salem, OR