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About This Home

This 12-bedroom, 12-bathroom residential multi family at 4212 47TH Ave NE in Salem, OR is listed for $1,500,000 ($217 per sqft). Built in 1972, the home offers 6,900 sqft of living space on a 0.17 acres lot.

Agent Description

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.

Key Features

  • Built in 1972
  • 0.17 acre lot
  • 2 stories

Property Details

2 stories
12 full
1972

Monthly Cost Estimate

$8,022/mo

20% down · 6.5% · 30 years

Principal$1,085
Interest$6,500
Insurance$438

Estimates only. Actual payments may vary.

Location

4212 47TH Ave NE

Salem, OR 97305

Property Details

Heating

Zoned

Questions & Answers

This 12-bedroom, 12-bathroom residential multi family at 4212 47TH Ave NE is listed at $1,500,000 ($217/sqft). The estimated monthly payment is $6,500 based on 20% down at 6.5% interest.

Key features include: Built in 1972, 0.17 acre lot, 2 stories.

This property is listed by Dawn Cordiner and can be reached at 5033090093 or dc@dawncordiner.com.

DC

Dawn Cordiner

Agent at eXp Realty, LLC

(503) 309-0093

Listed by eXp Realty, LLC

MLS# 585195910· Source: listhub· Updated 71 days ago

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4212 47TH Ave NE, Salem, OR 97305

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