4212 47TH AVE NE Salem, OR $ 1,500,000
4212 47TH AVE NE
$ 1,500,000
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4212 47TH AVE NE

Salem, OR, 97305
$ 1,500,000
Bedrooms12 Baths12.0 Sq 6,900

Monthly Estimate*

$ 9,236

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Multi-Family Home for sale in Salem, OR

for $1,500,000 with 12 bedrooms and 12 full baths. This 6,900 square foot home was built in 1972 on a lot size of 0.17.

Well maintained package of three duplexes, 4212, 4222, & 4252 47th Ave NE, located on a quiet residential street in Salem. The properties are offered together as a portfolio, with the ability to finance each duplex individually. Each building is separately addressed and lends itself to individual lending, providing flexibility for investors who want to structure multiple loans, diversify risk, or plan for future individual disposition. The portfolio is professionally managed and fully occupied, providing stable, in place income from day one. The buildings feature consistent two story designs with matching layouts, pitched roofs, and clean exterior lines. Each duplex offers two units with similar floor plans, generous natural light, and functional interiors. Units include well sized living areas, practical kitchens with ample cabinetry and counter space, and comfortable bedroom layouts. Each property has its own driveway and off street parking, along with simple, low maintenance landscaping. The properties are well positioned within an established residential neighborhood, with convenient access to local services, and amenities. Rents are in place and supported by current market conditions, offering immediate income without reliance on aggressive projections. The similar construction and layout across all three duplexes create operational efficiency while still allowing each property to be financed, held, or sold separately in the future. This is a strong opportunity for investors seeking small multifamily assets with flexible financing options, professional management in place, and long term hold potential.

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Multi-Family Active

Price

$ 1,500,000

Bedrooms

12

Full Bath

12

Property Type

Multi-Family

Taxes

$ 3,478

Style

Lot Size

0.17

Year Built

1972

Town/City

Salem

County/Region

Marion

MLS | Web ID

585195910

Features
General
Sewer PublicSewer
Heating Zoned
Roof Composition
Zoning RSFR
Garage Spaces 6.0
Year Built 1972
Stories Count 2
Tax Year 2025
Parcel Number 546025
Gross Income 119776.0
County Marion
Net Operating Income 73221.0
Operating Expense 28539.0
Property Type MultiFamily
HOA N
Rent Includes Sewer Water
Status Active
Directions From 22 & I-5 N on I-5 Exit 99 East R-Ward Dr R-47th
High School McKay
City Salem
Disclosures Disclosure
Number Of Units Total 6
MLS Area _176
Lot Size Square Feet 7405.0
Listing Terms Cash Conventional
Elementary School Yoshikai
Tax Annual Amount 3478.92
Middle/Junior High School Stephens
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description COLLEGE PARK ESTATES BLOCK 1 LOT 1 ACRES 0.17
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Interior
Basement CrawlSpace
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 2
Unit 2 Baths Total 2
Unit 2 Beds Total 2
Unit 3 Baths Total 2
Unit 3 Beds Total 2
Unit 4 Baths Total 2
Unit 4 Beds Total 2
Unit 5 Beds Total 2
Unit 6 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4 UnitTypeType5 UnitTypeType6
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Exterior
Parking Features Driveway
Lot Features Level
Water Source PublicWater
Total Parking 6.0
Exterior Description LapSiding
Building Area Total 6900.0
Lot Size Acres 0.17
Road Surface Type Paved
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Internal Only
Street Number 1 4212
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* Excluded Features
List By
Exp Realty, Llc

Broker

503-309-0093

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Affordability Calculator

$9,526
Per Month
97%
3%
0%
Monthly Principal & Interest
$9,236
Monthly Property Taxes
$290
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
4453779 Elementary School
1949317 Middle School
McKay High School High School
Pricing History
DatePricePrice ChangeDescription
1/30/2026$1,500,000 Listed Price

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4212 47TH AVE NE, Salem, OR, 97305 is a Multi-Family Home for sale at $1,500,000 with 6,900 sqft and a lot size of 0.17. 4212 47TH AVE NE has 12 bedrooms, 12.0 baths, and was built in 1972. The property's zip code is 97305 which is in Salem, OR