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Property Description
OWNER CARRY AVAILABLE! Rare opportunity to own a versatile dual-living property featuring two homes on one lot, including a fully permitted ADU, a powered two-story shop, carport, and flexible seller financing terms. Located on .25 acres in Salem's 97317 area code this unique property offers approximately 2,590 sq ft of combined living space with 6 bedrooms and 3 full bathrooms. The property includes a fully permitted 950 sq ft ADU with 2 bedrooms and 1 bathroom. Originally built in 1946, it underwent an extensive permitted renovation in 2020 including new plumbing, electrical service and panel, insulation, roof, siding, structural improvements, and an expanded bathroom, laundry, and utility area with rear entrance. The ADU features ductless heating and cooling, LVP flooring, and is currently rented.Built in 2019, the main residence offers 1,640 sq ft of single-level living with 4 bedrooms and 2 bathrooms. Designed for durability, the home features 3/4-inch plywood sheathing throughout, a gas furnace, heat pump, gas water heater, tile flooring in the kitchen, dining area, and bathrooms, and LVP flooring in the bedrooms. The kitchen includes double ovens and additional built-in storage at the covered side entry.The homes are separated by a divider fence, creating an ideal setup for multigenerational living, owner occupancy with rental income, extended family, guests, or investment purposes. Behind the main home is a powered two-story 22' x 24' shop and an adjacent 18' x 22' carport. Water and sewer service are shared, while each home benefits from its own electric meter. Construction photos documenting both homes are available.Seller financing is available with proposed terms of $100,000 down, 6.3% interest, and a 30-year amortization. All terms are negotiable subject to seller approval. Opportunities offering a fully permitted ADU, newer construction, shop space, rental income potential, and owner carry financing are increasingly difficult to find.
Full Property Details
Full Property Details for 4085 Glenwood Dr SE
General
- Price: $899,999
- Taxes: $4,666 (2025)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 842101
- Updated: 6/11/2026
- Added to Site: 2 day(s) ago
Interior
- Flooring: Luxury Vinyl Plank, Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Exterior
- Color: Grey
Parking
- Garage Description: Carport
Location
- County: SUBURBAN E SALEM/SOUTH
- Subdivision: meadowlawn
- Driving Directions: From Lancaster Dr SE, turn east onto Glenwood Dr SE. Continue to the property on the left.
School Information
- Elementary School: Four Corners
- Middle School: Houck
- High School: North Salem
Heating & Cooling
- Heating/Cooling: Gas, Heat Pump, Forced Air, Ductless/Mini-Split
- Water Heater: Electric, Gas
Utilities
- Sewer: Yes
- Water: City
Structural Information
- Roof: Composition, Shingle
- Square Feet: 2,590
- Year Built: 2020
Lot Features
- Lot Size (Acres): 0.25
- Lot Size (Sq. Ft.): 10,850
- Zoning: Res 101
- Lot Description: fr13
Financial Considerations
- Price Per Sq. Ft.: $347.49
- Assessment Year: 2020
- Tax Amount: $4,666
- Tax Year: 2025
Disclosures and Reports
- Lot Number: fr13
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Schools
Schools serving 4085 Glenwood Dr SE
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Four Corners Elementary School 500 Elma Avenue Southeast, Salem, OR 97317 | K-5 | 0.3 mi |
Houck Middle School 1155 Connecticut, Salem, OR 97301 | 6-8 | 0.6 mi |
North Salem High School 765 14th Street Northeast, Salem, OR 97301 | 9-12 | 2.6 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 4085 Glenwood Dr SE
Date
Details
Price
Change
Source
6/11/2026
Listed
$899,999
—
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 4085 Glenwood Dr SE
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,667
3%
$290,530
3%
2024
$4,523
5%
$282,070
3%
2023
$4,293
4%
$273,860
6%
2021
$4,130
-2%
$258,150
-3%
2022
$4,232
70%
$265,890
70%
2020
$2,491
51%
$156,510
58%
2019
$1,655
-7%
$99,050
-4%
2018
$1,775
20%
$102,970
3%
2017
$1,482
4%
$99,980
3%
2016
$1,423
-19%
$97,070
3%
2015
$1,747
9%
$94,250
3%
2014
$1,601
24%
$91,510
3%
2013
$1,292
—
$88,850
—
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 4085 Glenwood Dr SE
4085 Glenwood Dr SE, Salem, OR 97317 (MLS# 842101) is a Single Family property with 6 bedrooms and 3 full bathrooms. 4085 Glenwood Dr SE is currently listed for $899,999 and was received on June 11, 2026. Want to learn more about 4085 Glenwood Dr SE? Do you have questions about finding other Single Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

