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$699,999
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Property Description
Easy to rent triplex! Two units have been updated, one has a tenant since 2006. New roof in 2024. Plenty of room to increase rent over time. Desirable area close to schools, Cordon Rd and more. Each unit has its own garage. Owner pays water and sewer, tenant pays all other utilities. Solid rental history and low expenses! Great investment property.
Full Property Details
Full Property Details for 1148-1152 Arabian Ave SE
General
- Price: $699,999
- Status: Active
- Type: Multi-Family
- Source: WVMLS
- MLS ID: 840917
- Updated: 5/11/2026
- Added to Site: 9 day(s) ago
Interior
- Flooring: Carpet, Laminate, Vinyl
Rooms
Bedrooms
- Total Bedrooms: 8
Exterior
- Color: Blue
Location
- County: SUBURBAN E SALEM/SOUTH
- Driving Directions: Lancaster to Ricket to Arabian
School Information
- Elementary School: Marion Miller
- Middle School: Houck
- High School: North Salem
Heating & Cooling
- Heating Type: Gas, Forced Air
- Heating Fuel: Gas, Forced Air
- Water Heater: Gas
Utilities
- Sewer: City
- Water: City, Connected
Structural Information
- Square Feet: 3,496
- Year Built: 1978
Unit Information
- Units in Building: 3
Unit 1
- Square Feet: 1096
- Total Bathrooms: 1.5
- Bedrooms: 2
Unit 2
- Square Feet: 1216
- Total Bathrooms: 1.5
- Bedrooms: 3
Unit 3
- Square Feet: 1216
- Total Bathrooms: 1.5
- Bedrooms: 3
Unit 4
- Level: AmeriTitle
Unit 5
- Square Feet: 2
Unit 6
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 1,216
- Frontage Feet: 1216
- Zoning: RM
Financial Considerations
- Price Per Sq. Ft.: $200.23
- Price Per Acre: $4,999,992.86
- Assessment Year: 1978
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Schools
Schools serving 1148-1152 Arabian Ave SE
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Miller Elementary School 1650 46th Place Southeast, Salem, OR 97317 | K-5 | 0.4 mi |
Houck Middle School 1155 Connecticut, Salem, OR 97301 | 6-8 | 0.4 mi |
North Salem High School 765 14th Street Northeast, Salem, OR 97301 | 9-12 | 3.5 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 1148-1152 Arabian Ave SE
Date
Details
Price
Change
Source
5/11/2026
Listed
$699,999
—
MLS
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 1148-1152 Arabian Ave SE
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,309
3%
$313,270
3%
2024
$5,131
6%
$304,150
3%
2023
$4,860
4%
$295,300
6%
2021
$4,684
-1%
$278,350
-3%
2022
$4,728
7%
$286,700
6%
2020
$4,401
2%
$270,250
3%
2019
$4,304
-2%
$262,380
3%
2018
$4,378
22%
$254,740
3%
2017
$3,590
4%
$247,330
3%
2016
$3,438
1%
$240,130
3%
2015
$3,401
7%
$233,140
3%
2014
$3,181
6%
$226,350
5%
2013
$3,009
—
$214,660
—
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 1148-1152 Arabian Ave SE
1148-1152 Arabian Av SE, Salem, OR 97317 (MLS# 840917) is a Multi-Family property with 3 units containing 8 bedrooms and 0 full bathrooms. 1148-1152 Arabian Av SE is currently listed for $699,999 and was received on May 11, 2026. Want to learn more about 1148-1152 Arabian Av SE? Do you have questions about finding other Multi-Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

