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$635,000

  • Sold
  • Sold
  • Multi-Family
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'Solid Owner Occupant or Investment opportunity in NE Salem! This well maintained 4-Plex offers a great price point, rental upside & (1) Vacant downstairs unit ready for an owner occupant or Market rate tenant. All units are 2 bed/1 bath/916 SF with large bedrooms, large laundry area & 1 car garage. 10% rent increases have been issued and take effect on May 1, 2025. Owner pays Water/Sewer/Garbage. Long term owner & stable rental history. Roof replaced in 2013. Sale Fail due to Buyer financing.'

Full Property Details for 3639 47th Ave

General

  • Sold For: $635,000
  • Taxes: $5,538 (2024)
  • Status: Sold
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 662387526
  • Added to Site: 352 day(s) ago

Rental Information

  • Rent Includes: None

Parking

  • Garage: Yes
  • Parking Features: Garage

Location

  • County: Marion
  • Driving Directions: 47th & Silverton Road NE

School Information

  • Midd School District: Stephens
  • Elementary School: Lamb
  • Middle School: Stephens
  • High School: McKay

Community

  • Community Name: 176 - Marion Co: East Salem N

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard, Zoned
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Roof: Composition
  • Stories/Levels: 2
  • Square Feet: 3,664
  • Year Built: 1978

Lot Features

  • Lot Size (Acres): 0.23
  • Lot Size (Sq. Ft.): 10,018
  • Lot Size: 10, 000 to 14, 999 SqFt
  • Frontage: Paved

Financial Considerations

  • Tax Amount: $5,538.6
  • Tax Year: 2024
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Property ID: 558422

Listed by SMI Commercial Real Estate LLC (503) 390-6060, Jordan Sparks (541) 646-0650 and SMI Commercial Real Estate LLC (503) 390-6060, Elesa Doll (503) 884-1273
Sold by Non Rmls Broker (503) 236-7657, OR and WA Non Rmls

Listing agents

— 3639 47th Ave —

  • Jordan Sparks

    SMI Commercial Real Estate LLC

    503-390-6060

  • Elesa Doll

    SMI Commercial Real Estate LLC

    503-390-6060

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 3639 47th Ave

School District:Salem-Keizer School District 24j
NameGradesDistance
Lamb Elementary School
4930 Herrin Road Northeast, Salem, OR 97305
K-50.6 mi
Stephens Middle School
4962 Hayesville Drive Northeast, Salem, OR 97305
6-81.4 mi
Mckay High School
2440 Lancaster Drive Northeast, Salem, OR 97305
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3639 47th Ave

Date
Details
Price
Change
Source
7/16/2025
Sold
$635,000
-8.63%
MLS
4/07/2025
Price Reduced
$695,000
-5.44%
MLS
1/29/2025
Listed
$735,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by SMI Commercial Real Estate LLC (503) 390-6060, Jordan Sparks (541) 646-0650 and SMI Commercial Real Estate LLC (503) 390-6060, Elesa Doll (503) 884-1273
Sold by Non Rmls Broker (503) 236-7657, OR and WA Non Rmls

Just Listed near 3639 47th Ave

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4810 Rickman Rd, Keizer, OR 97303 - Photo 1 Just Listed
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4810 Rickman Rd  Keizer, OR 97303

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Listed By: TROY. RENSHAW | Homesmart Realty Group

Price Reduced near 3639 47th Ave

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3515 Brooks Ave NE, Keizer, OR 97303 - Photo 1 Price Reduced
-$39,900 (-28.52%)
$100,000

3515 Brooks Ave NE  Keizer, OR 97303

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Listed By: BRIAN. MCVAY | Homesmart Realty Group - Keizer and APRIL. MCVAY | Homesmart Realty Group - Keizer
521 Chemawa Rd N, Keizer, OR 97303 - Photo 1 Price Reduced
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    Sq. Ft.
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6683 Brookhollow Ct NE, Keizer, OR 97303 - Photo 1 Price Reduced
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6683 Brookhollow Ct NE  Keizer, OR 97303

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Listed By: GARRON. LAMOREAU | Bst Realty, Llc

Recent Sales near 3639 47th Ave

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3552-3554 NE Anchor Ct  Salem, OR 97305

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  • 2,422
    Sq. Ft.
Listed By: BRANT. MCMANAMON | Legacy Real Estate
Sold by NOM. NON-MEMBER SALE | Non-Member Sale

3639 47th Ave, Salem, OR 97305 (MLS# 662387526) is a Multi-Family property that was sold at $635,000 on July 16, 2025. Want to learn more about 3639 47th Ave? 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.