4196 47TH AVE NE Salem, OR $ 450,000
4196 47TH AVE NE
$ 450,000
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4196 47TH AVE NE

Salem, OR, 97305
$ 450,000
Bedrooms4 Baths2.0 Sq 1,763

Monthly Estimate*

$ 3,108

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Multi-Family Home for sale in Salem, OR

for $450,000 with 4 bedrooms and 2 full baths. This 1,763 square foot home was built in 1974 on a lot size of 0.17.

Great investment opportunity in the desirable Hayesville neighborhood! This single-level duplex sits on a corner lot and offers an ideal combination of convenience, functionality, and income potential. Located close to Chemeketa Community College, schools, shopping, and easy I-5 access, the property is well-positioned for both investors and owner-occupants. Both units feature 2 bedrooms and 1 bathroom. Both units include a full kitchen with dishwasher, refrigerator, electric range, and garbage disposal, along with washer/dryer hookups, vinyl floors in kitchen and eating areas, carpet in living and bedrooms and fenced backyards. Each unit also includes a single-car attached garage. Recent exterior paint adds to the property's well-maintained appeal. A versatile property with strong rental potential and a convenient location—an opportunity not to be missed!

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Multi-Family Active

Price

$ 450,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,154

Style

Lot Size

0.17

Year Built

1974

Town/City

Salem

County/Region

Marion

MLS | Web ID

581499696

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling None
Roof Composition
Zoning RS
Garage Spaces 2.0
Year Built 1974
Stories Count 1
Tax Year 2025
Parcel Number 558261
Gross Income 29419.0
County Marion
Net Operating Income 25598.0
Operating Expense 3821.0
Property Type MultiFamily
HOA N
Rent Includes Sewer Water
Status Active
Directions From Silverton Rd N on 48th W on Herrin N on 47th to property
High School McKay
City Salem
Disclosures Exempt
Number Of Units Total 2
MLS Area _176
Lot Size Square Feet 7405.0
Listing Terms Cash Conventional
Elementary School Yoshikai
Tax Annual Amount 3154.24
Middle/Junior High School Stephens
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description PENTICTON ESTATES BLOCK 2 LOT 1 ACRES 0.174
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Interior
Storage Attached Garage
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Driveway Garage
Water Source Private
Exterior Description T111Siding
Building Area Total 1763.0
Lot Size Acres 0.17
Road Surface Type Concrete Paved
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Internal Only
Street Number 1 4196
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* Excluded Features
List By
Real Broker

Broker

360-773-0000

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Affordability Calculator

$3,371
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,108
Monthly Property Taxes
$263
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4453779 Elementary School
1949317 Middle School
McKay High School High School
Pricing History
DatePricePrice ChangeDescription
10/8/2026$450,000 Listed Price

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4196 47TH AVE NE, Salem, OR, 97305 is a Multi-Family Home for sale at $450,000 with 1,763 sqft and a lot size of 0.17. 4196 47TH AVE NE has 4 bedrooms, 2.0 baths, and was built in 1974. The property's zip code is 97305 which is in Salem, OR