Great opportunity to acquire three 1940's cottages. Live in one and rent the others! Also perfect for in-laws to have their own cottage. New siding and exterior paint. Newer roof and some windows. The 2-bedroom cottage at 645 E St has a partially finished basement of 500 +/- SF, plus a single car garage. Hardwood floors give a warm vibe to these units. Each unit has its own washer/dryer hookups. Each home is separately metered for sewer, water, and electric. Tenants responsible for lawn maintenance. HUGE upside in rents! Long-term tenants and passive out-of-state owners present an opportunity for increased income. New roof going on 645 E St. prior to close.
For sale
Listed by:
KENNETH MARSHALL 541-754-7314,
Vintage Realty Northwest
$495,000
645 E St NE, Salem, OR 97301
4beds
3baths
2,011sqft
Est.:
Triplex
Built in 1940
-- sqft lot
$493,300 Zestimate®
$246/sqft
$-- HOA
What's special
Partially finished basementHardwood floorsNewer roof
- 34 days
- on Zillow |
- 691 |
- 44 |
Zillow last checked: 7 hours ago
Listing updated: May 18, 2025 at 07:56am
Listed by:
KENNETH MARSHALL 541-754-7314,
Vintage Realty Northwest
Source: WVMLS,MLS#: 828160

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Dining room
- Features: Area (Combination)
Heating
- Baseboard
Appliances
- Included: Electric Range, Range Included, Electric Water Heater
- Laundry: W/D Hookup
Features
- High Speed Internet
- Flooring: Vinyl, Wood
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,011
- Total interior livable area: 2,011 sqft
Property
Parking
- Parking features: Garage
Features
- Exterior features: Dark Gray
- Frontage length: 130
Lot
- Size: 6,500 Square Feet
- Dimensions: 130 x 50
Details
- Parcel number: 566787
- Zoning: RS
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Fiber Cement, Lap Siding
- Foundation: Continuous
- Roof: Composition
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Price per square foot: $246/sqft
- Tax assessed value: $256,760
- Annual tax amount: $3,901
- Price range: $495K - $495K
- Date on market: 4/25/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: FHA,Cash,Conventional
- Inclusions: Ranges/Ovens, Refrigerators
- Exclusions: Appliances owned by tenants
- Total actual rent: 1950
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