Great opportunity on this 4 plex located short distance to Willamette Town Center, bus service and I-5! These well maintained units have had low turnover, low vacancy and are professionally managed by NW Pacific Property Management. There are one 3 bedroom, one 2 bedroom, and two 1 bedroom units. Gross monthly rents are $4,253. There's potential to significantly raise the rents. 4 plex has new exterior paint, many updated windows & great rental history. Long term owner.
Sold
Listed by:
BRIAN SMITH Agent:503-361-7151,
Coldwell Banker Mountain West Real Estate, Inc.
$620,000
1015 38th Ave NE, Salem, OR 97301
7beds
4baths
3,036sqft
Quadruplex
Built in 1950
-- sqft lot
$653,200 Zestimate®
$204/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: August 29, 2023 at 09:15am
Listed by:
BRIAN SMITH Agent:503-361-7151,
Coldwell Banker Mountain West Real Estate, Inc.
Bought with:
BRANDON BREON
Keller Williams Sunset Corridor
Source: WVMLS,MLS#: 794116

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Dining room
- Features: Area (Combination)
Heating
- Baseboard, Electric
Appliances
- Included: Electric Range, Electric Water Heater
Features
- Flooring: Carpet, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 3,036
- Total interior livable area: 3,036 sqft
Property
Parking
- Parking features: Driveway
Features
- Patio & porch: Covered Patio
- Exterior features: Gray
- Fencing: Partial
Lot
- Size: 8,360 sqft
- Features: Dimension Above, Landscaped
Details
- Parcel number: 583456
- Zoning: RS
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Wood Siding, Lap Siding
- Foundation: Continuous
- Roof: Composition
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Salem
- Subdivision: Neumans Gardens Annex
HOA & financial
Other financial information
- Total actual rent: 4253
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,1031 Exchange
Services availability

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Sell for more than others on Zillow
Get a complimentary Zillow Showcase℠ listing and you could sell for .
$653,200
2% more+ $13,064
With Showcase(estimated)
$666,264