Contact Information: 503-309-0093
Contact Information: 503-309-00934212 47TH AVE NESalem, OR 97305
Multi-Family · 6,900 Sq. ft. | 0.17 Acres4212 47TH AVE NE Overview
- Time on Site:
- 151 days
- Visits:
- 1
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.
4212 47TH AVE NE Facts & Features
- Type Multi-Family
- Sq. ft. 6,900
- Price/Sq.ft. $217
- Lot 0.17 Acres
Details
General
School Information
- Elementary School: Yoshikai
- Middle Or Junior School: Stephens
- High School: McKay
Income/Expenses
- Gross Income: 119776.0
- Gross Scheduled Income: 122448.0
- Net Operating Income: 73221.0
- Operating Expense: 28539.0
Building Information
- Year Built: 1972
Location/Region
- Country: US
- County Or Parish: Marion
- MLS Area Major: 176 - Marion Co: East Salem N
Rent/Lease Information
- Rent Includes: Sewer,Water
Tax Information
- Tax Annual Amount: 10437.0
- Tax Year: 2025
General Information
- Disclosures: Disclosure
- Listing Terms: Cash,Conventional
- Parcel Number: 546025
- Property Type: Multi Family
- Zoning: RSFR
Interior
Parking Information
- Garage Spaces: 6.0
Building Interior
- Building Area Total: 6900.0
General Information
- Basement: Crawl Space
- Heating: Zoned
- Stories: 2
Exterior
Parking Information
- Parking Features: Driveway
- Parking Total: 6.0
Lot Information
- Lot Features: Level
- Lot Size Acres: 0.17
- Lot Size Square Feet: 7405.0
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Roof: Composition
General Information
- Number Of Units Total: 6
- Sewer: Public Sewer
4212 47TH AVE NE Neighborhood
Community
97305 (Salem) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.4212 47TH AVE NE Monthly Cost
4212 47TH AVE NE Market Data
Based on the last 30 days in this zip code
4212 47TH AVE NE History
| Date | Value | Agent |
|---|---|---|
| 1/29/2026Source: Regional MLS | January 29, 2026 |

