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$475,000 Just Listed
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Property Description
Charming 5 BR, 2 bath home in historic Grant neighborhood near Capitol, built in 1937, has been well cared-for and offers 1591 sq ft with option to finish additional 900+ sq ft of basement to livable space or a rental (buyer to do due diligence on this RM-zoned property). Original hardwoods, arched doorways, 4-year-old furnace/ac, 3-car garage with workshop, off-street parking, 1-year-old commercial hot water heater, and many other upgrades. So many upgrades in the last 6 years make this vintage home move-in ready for your family or future investment. Character and expert craftsmanship abound! Built-in cabinetry, high ceilings, laundry chute, custom mantel and woodwork. Add in the convenience of modern amenities like updated central air conditioning, heating with an energy-efficient, top-of-the-line heat pump and furnace, and a year-old commercial hot water heater. The roof is about 5 years old. Private covered deck leads through fully fenced courtyard to a detached, oversized triple garage, which includes a shop, ample storage, and enough space to park your cars and toys. There is driveway parking with a covered walkway into the house to protect you from the rain. Large open unfinished basement (900 SF not included in residence square footage) adds storage/laundry/game room with a separate entrance. The house is near Grant Elementary, Parrish Middle School, and North Salem High School, as well as The Boys and Girls Club and a Montessori school. It is also within walking distance of Willamette University. It is within walking distance to Broadway Coffee House, Salem Cinema, and all of the businesses and restaurants off of Broadway, Market Street, and downtown Salem. It's within walking distance to Salem's beautiful Capitol mall and building, less than a mile walk from Salem Saturday market, and close to local bus stops.The home has a third road access point via a back alley.
Full Property Details
Full Property Details for 1115 Capitol St NE
General
- Price: $475,000
- Taxes: $4,714 (2025)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 838769
- Updated: 3/26/2026
- Added to Site: 5 day(s) ago
Interior
- Flooring: Carpet, Laminate, Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Parking
- Garage Description: Detached
Location
- County: CENTRAL SALEM
- Driving Directions: Market St, turn south on Summer St, turn east on Belmont to Capitol
School Information
- Elementary School: Grant
- Middle School: Parrish
- High School: North Salem
Heating & Cooling
- Heating/Cooling: Electric, Central AC, Heat Pump
- Water Heater: Electric
Utilities
- Sewer: Yes
- Water: City
Structural Information
- Basement Desc.: Unfinished
- Roof: Shingle
- Square Feet: 1,591
- Year Built: 1937
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,200
- Zoning: RM2
- Lot Description: 5
Financial Considerations
- Price Per Sq. Ft.: $298.55
- Assessment Year: 1937
- Tax Amount: $4,714
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 5
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Schools
Schools serving 1115 Capitol St NE
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Grant Community School 725 Market Street Northeast, Salem, OR 97301 | PK-5 | 0.2 mi |
Parrish Middle School 802 Capitol Street Northeast, Salem, OR 97301 | 6-8 | 0.2 mi |
North Salem High School 765 14th Street Northeast, Salem, OR 97301 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1115 Capitol St NE
Date
Details
Price
Change
Source
3/26/2026
Listed
$475,000
47.98%
MLS
7/21/2020
Sold
$321,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1115 Capitol St NE
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,714
8%
$229,470
3%
2024
$4,374
3%
$222,790
3%
2023
$4,245
6%
$216,310
6%
2021
$4,009
-3%
$203,900
-3%
2022
$4,127
6%
$210,010
6%
2020
$3,892
7%
$197,970
3%
2019
$3,643
-2%
$192,210
3%
2018
$3,707
11%
$186,620
3%
2017
$3,346
5%
$181,190
3%
2016
$3,187
-1%
$175,920
3%
2015
$3,211
3%
$170,800
3%
2014
$3,108
4%
$165,830
3%
2013
$2,987
—
$161,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1115 Capitol St NE
1115 Capitol St NE, Salem, OR 97301 (MLS# 838769) is a Single Family property with 5 bedrooms and 2 full bathrooms. 1115 Capitol St NE is currently listed for $475,000 and was received on March 26, 2026. Want to learn more about 1115 Capitol St NE? Do you have questions about finding other Single Family real estate for sale in Croisan-Illahe? You can browse all Croisan-Illahe real estate or contact a Coldwell Banker agent to request more information.

