# 4212 47TH Ave NE, Salem, OR 97305

> **TL;DR:** 12bd/12ba residential multi family, $1,500,000 ($217/sqft), built 1972, 6,900 sqft. Est. $6,500/mo. Listed 71 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,500,000 |
| Price/sqft | $217 |
| Bedrooms | 12 |
| Bathrooms | 12 full |
| Square Feet | 6,900 |
| Year Built | 1972 |
| Lot Size | 7,405 sqft (0.17 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 71 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,500 |
| **Total** | **$6,500** |

## Nearby Schools

- **Elementary:** Yoshikai
- **Middle:** Stephens
- **High:** McKay

## Property Highlights

- Built in 1972
- 0.17 acre lot
- 2 stories

## Description

### 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.

## Location

- **Address:** 4212 47TH Ave NE, Salem, OR 97305
- **County:** Marion
- **Coordinates:** 44.980299, -122.966465
- **Google Maps:** https://www.google.com/maps?q=44.980299,-122.966465

## Listing Agent

- **Name:** Dawn Cordiner
- **Brokerage:** eXp Realty, LLC
- **Phone:** 5033090093
- **Email:** dc@dawncordiner.com

## Primary Photo

![4212 47TH Ave NE - Primary Photo](http://lh.rdcpix.com/7a2ab75383f95808999fa3247a82c42fl-f1076709608r.jpg)

*33 total photos available on [listing page](https://www.propertysimple.com/listing/4212-47th-ave-ne-salem-or-97305-85195910)*

---

**MLS#:** 585195910 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/4212-47th-ave-ne-salem-or-97305-85195910)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "4212 47TH Ave NE, Salem, OR 97305",
  "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, ",
  "url": "https://www.propertysimple.com/listing/4212-47th-ave-ne-salem-or-97305-85195910",
  "image": "http://lh.rdcpix.com/7a2ab75383f95808999fa3247a82c42fl-f1076709608r.jpg",
  "datePosted": "2026-04-24",
  "price": 1500000,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "4212 47TH Ave NE",
    "addressLocality": "Salem",
    "addressRegion": "OR",
    "postalCode": "97305",
    "addressCountry": "US"
  },
  "geo": {
    "@type": "GeoCoordinates",
    "latitude": 44.980299,
    "longitude": -122.966465
  },
  "numberOfRooms": 12,
  "numberOfBathroomsTotal": 12,
  "floorSize": {
    "@type": "QuantitativeValue",
    "value": 6900,
    "unitCode": "FTK"
  },
  "yearBuilt": 1972
}
```