4212 47TH AVE NE, Salem, OR 97305 | MLS #585195910 | Berkshire Hathaway HomeServices Real Estate Professionals
 
Listing provided courtesy of eXp Realty, LLC- MLS# 585195910MLS ProviderContact Information: 503-309-0093

4212 47TH AVE NESalem, OR 97305

Multi-Family · 6,900 Sq. ft. | 0.17 Acres
$1,500,000 Active

4212 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.

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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

30
Median Age
934
Population Density (per sq. mile)
25%
College Educated
$56,787
Estimated Median Income
7,843
Estimated Total Home Owners
6,333
Estimated Total Renters
55% / 45%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4212 47TH AVE NE Market Data

Based on the last 30 days in this zip code

$490,605
Average List Price
$278
Average Price per Square Foot
39
Properties Sold
93
Average Days on Market
190
Properties for Sale
Calculations provided by Reliance Network

4212 47TH AVE NE History

Date Event Value Agent
1/29/2026Source: Regional MLS Added to Database
January 29, 2026