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$725,000
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Property Description
Investment opportunity! 2 tax lots for a total of .82 acre. This Salem MU-lll mixed use zoning allows for residential, retail, offices etc. You decide upon buyer due diligence! There are currently two-2/1 duplexes, a 3/1 house & a 2/1 studio apt. The shed up front (no value) houses 1 of 2 wells, the 2nd one is in the basement of rented house. Cash only, AS-IS sale. Potential abounds! Do not disturb tenants. Drive by viewing only. Offered by John & Sandy Van Dyk, 503.932.3241.
Full Property Details
Full Property Details for 4125 & 4135 Portland Rd NE
General
- Price: $725,000
- Taxes: $6,116 (2025)
- Status: Active
- Type: Multi-Family
- Source: WVMLS
- MLS ID: 838518
- Updated: 3/12/2026
- Added to Site: 23 day(s) ago
Interior
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 6
Bedrooms
- Total Bedrooms: 13
Location
- County: CENTRAL SALEM
- Driving Directions: Portland Rd. NE, just south of Hyacinth St. NE, west side of street.
School Information
- Elementary School: Highland
- Middle School: Parrish
- High School: North Salem
Heating & Cooling
- Heating Type: Wall Furnace
- Heating Fuel: Wall Furnace
Utilities
- Sewer: City
- Water: Well
Structural Information
- Basement Desc.: Unfinished
- Roof: Composition
Unit Information
- Units in Building: 6
Unit 1
- Square Feet: 1420
- Total Bathrooms: 2
- Bedrooms: 4
Unit 2
- Square Feet: 1420
- Total Bathrooms: 2
- Bedrooms: 4
Unit 3
- Square Feet: 1408
- Total Bathrooms: 1
- Bedrooms: 3
Unit 4
- Level: Fidelity
- Total Bathrooms: 1
- Bedrooms: 2
Unit 5
- Square Feet: 4
Unit 6
- Bedrooms: 3
Lot Features
- Lot Size (Sq. Ft.): 1,408
- Frontage Feet: 1420
- Zoning: Salem-MU-lll Mixed U
Financial Considerations
- Tax Amount: $6,116
- Tax Year: 2025
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Schools
Schools serving 4125 & 4135 Portland Rd NE
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Highland Elementary School, Salem, OR 530 Highland Ave NE, Salem, OR 97303 | PK-5 | 2 mi |
Parrish Middle School 802 Capitol Street Northeast, Salem, OR 97301 | 6-8 | 2.6 mi |
North Salem High School 765 14th Street Northeast, Salem, OR 97301 | 9-12 | 2.7 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 4125 & 4135 Portland Rd NE
Date
Details
Price
Change
Source
3/11/2026
Listed
$725,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4125 & 4135 Portland Rd NE
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,472
8%
$120,320
3%
2024
$2,294
3%
$116,820
3%
2023
$2,226
6%
$113,420
6%
2021
$2,102
-3%
$106,920
-3%
2022
$2,164
6%
$110,120
6%
2020
$2,041
7%
$103,810
3%
2019
$1,910
-2%
$100,790
3%
2018
$1,944
11%
$97,860
3%
2017
$1,755
5%
$95,010
3%
2016
$1,671
-1%
$92,250
3%
2015
$1,684
3%
$89,570
3%
2014
$1,630
2%
$86,970
3%
2013
$1,597
—
$84,440
—
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 4125 & 4135 Portland Rd NE
4125 & 4135 Portland Rd NE, Salem, OR 97301 (MLS# 838518) is a Multi-Family property with 6 units containing 13 bedrooms and 0 full bathrooms. 4125 & 4135 Portland Rd NE is currently listed for $725,000 and was received on March 11, 2026. Want to learn more about 4125 & 4135 Portland Rd NE? 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.

