4803 Future Rd NE, Salem, OR 97305

Salem
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: emily everhartCELL: 971-237-9498
Office: harcourts elite503-314-1651
MLS#:828178
Source:OR_WVMLS
4803 Future Rd NE,Salem, OR 97305
$715,000
  • - Beds
  • - Baths
  • 3,790 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$715,000
  • Price per sq. ft.:$188.65

About this home

Turn-Key Fourplex in Prime Salem Location – Ideal Investment Opportunity!Welcome to 4803, 4813, 4823, and 4833 Future Rd NE – a well-maintained and fully occupied fourplex in a quiet residential neighborhood of northeast Salem. This property features four spacious 2-bedroom, 1-bathroom units, each offering comfortable living spaces, abundant natural light, and private garage parking. Well was done in 2022. Excellent turnkey investment opportunity featuring four fully occupied 2-bedroom, 1-bath units with dependable tenants and a proven rent history. Two units have been recently renovated, and the property includes a new well installed in 2022 and a new perimeter fence, reducing maintenance costs and increasing long-term value.This property delivers consistent income with a gross annual rent of approximately $62,000 and a net operating income (NOI) of $48,217 based on current leases. At market rents, projected gross income increases to $69,600 annually, offering immediate upside...

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Home facts

  • Year built:1970
  • Listing ID #:828178
  • Added:349 day(s) ago
  • Updated:April 10, 2026 at 02:32 PM

Rooms and interior

  • Flooring:Carpet, Laminate, Vinyl
  • Dining Description:Combination Dining Area
  • Kitchen Description:Dishwasher, Range Included
  • Living area:3,790 sq. ft.

Structure and exterior

  • Roof:Built-Up
  • Year built:1970
  • Building area:3,790 sq. ft.
  • Lot area:0.43 Acres
  • Lot Features:Dimension Above
  • Construction Materials:Vinyl
  • Exterior Features:Patio, Underground Sprinklers
  • Foundation Description:Continuous

Schools

  • High school:McKay
  • Middle school:Waldo
  • Elementary school:Swegle

Utilities

  • Water:Well

Finances and disclosures

  • Price:$715,000
  • Price per sq. ft.:$188.65
  • Tax amount:$6,333 (2024)

Features and amenities

  • Amenities:Electric Water Heater
MLS LogoBased on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

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