4212 47th Ave Ne, Salem, OR 97305
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
4212 47th Ave Ne,Salem, OR 97305
$1,500,000
- - Beds
- - Baths
- 6,900 sq. ft.
- Multi-family
- Active
Listed by: dawn cordiner
Office: exp realty, llc.
MLS#:585195910
Source:PORTLAND
Price summary
- Price:$1,500,000
- Price per sq. ft.:$217.39
About this home
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....
Contact an agent
Home facts
- Year built:1972
- Listing ID #:585195910
- Added:59 day(s) ago
- Updated:March 30, 2026 at 11:17 AM
Rooms and interior
- Basement Description:Crawl Space
- Living area:6,900 sq. ft.
Heating and cooling
- Heating:Zoned
Structure and exterior
- Roof:Composition
- Year built:1972
- Building area:6,900 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Level
- Levels:2 Stories
Schools
- High school:McKay
- Middle school:Stephens
- Elementary school:Yoshikai
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,500,000
- Price per sq. ft.:$217.39
- Tax amount:$10,437 (2025)
Parking
- Total parking spaces:6
- Parking description:Driveway
- Garage spaces:6
New listings near 4212 47th Ave Ne
- New
$699,900Active3 beds 3 baths2,793 sq. ft.8748 Enclid St, Salem, OR 97305
MLS# 278944598Listed by: SILVERTON REALTY, INC.
$459,995Pending4 beds 3 baths1,880 sq. ft.4978 Dilling Av NE, Salem, OR 97301
MLS# 839150Listed by: D.R. HORTON - INC. PORTLAND- New
$399,900Active2 beds 1 baths974 sq. ft.790 Hansen Dr S, Salem, OR 97302
MLS# 839145Listed by: HEART & SOUL REALTY - New
$169,000Active2 beds 2 baths1,456 sq. ft.2120 Robins Ln SE, Salem, OR 97306
MLS# 838794Listed by: SMI REAL ESTATE - New
$389,900Active3 beds 2 baths1,071 sq. ft.2572 Char Cir NW, Salem, OR 97304
MLS# 839139Listed by: HOMESMART REALTY GROUP - New
$349,900Active3 beds 2 baths1,147 sq. ft.390 McNary Av NW, Salem, OR 97304
MLS# 839140Listed by: WINDERMERE HERITAGE - New
$410,000Active3 beds 1 baths1,506 sq. ft.1980 17th St NE, Salem, OR 97301
MLS# 839040Listed by: HARCOURTS SILVERTON - Open Sat, 11am to 3pmNew
$424,900Active3 beds 2 baths1,396 sq. ft.5133 Sycan SE Ct, Salem, OR 97306
MLS# 839138Listed by: HOMESMART REALTY GROUP - New
$569,900Active4 beds 2 baths2,754 sq. ft.1145 Duffield Heights Av SE, Salem, OR 97302
MLS# 838583Listed by: HOMESMART REALTY GROUP - New
$575,000Active4 beds 3 baths2,457 sq. ft.3016 Eagles Claw Av NW, Salem, OR 97304
MLS# 839132Listed by: RE/MAX INTEGRITY - SALEM