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$439,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 6 hours ago
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Fully rented, corner lot, single-level duplex in quiet part of Hayesville neighborhood! Potential to live in one side and rent out the other. Both units (4324 47th and 4710 Linfield) are similarly sized, but slightly different layouts. Both units have a generous single-car garages. Rents are $1,330 and $1,395 with excellent tenant history. With minimal expenses, this brings a cap rate of nearly 6% when factoring in taxes and Seller's current insurance rate. There is a new roof and new gutters and fresh paint. Well maintained units!

Full Property Details for 4324 47th Ave NE

General

  • Price: $439,900
  • Taxes: $3,447 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 190184954
  • Updated: 2/20/2026
  • Added to Site: 2 day(s) ago

Rental Information

  • Rent Includes: Sewer, Water

Additional Information

  • Security/Safety: Sidewalk

Parking

  • Garage: Yes
  • Total Spaces: 2
  • Parking Features: Driveway, Garage

Location

  • County: Marion
  • Subdivision: HAYESVILLE
  • Driving Directions: Lancaster or Cordon to Ward. From Ward, go south on 47th one block to corner of Linfield and 47th.

School Information

  • Elementary School: Yoshikai
  • Middle School: Stephens
  • High School: McKay

Community

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

Heating & Cooling

  • Heating Type: Wall Heater, Zoned
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Community

Structural Information

  • Property Detached: Yes
  • Basement Desc.: Crawl Space
  • Roof: Composition
  • Stories/Levels: 1
  • Square Feet: 1,796
  • Year Built: 1976
  • Property Condition: Approximately

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Size (Sq. Ft.): 6,969
  • Lot Size: 7, 000 to 9, 999 SqFt
  • Frontage: Paved
  • Lot Features: Corner Lot, Level, Public Road

Financial Considerations

  • Operating Expenses: $6,568
  • Tax Amount: $3,447.85
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: COLLEGE PARK ESTATES NO 2, BLOCK 2, LOT 17, ACRES 0.161
  • Disclosures/Reports: Disclosure
  • Property ID: 546084

Listed by Willner Properties LLC (503) 433-5000, Cody Willner (503) 349-4952

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Listing agent

— 4324 47th Ave NE —

  • Cody Willner

    Willner Properties LLC

    503-433-5000

randy@willnerpropertiesnw.com

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

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Find the right home insurance for your new home!

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Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 4324 47th Ave NE

School District:Salem-Keizer School District 24j
NameGradesDistance
Yoshikai Elementary School
4900 Jade Street Northeast, Salem, OR 97305
K-50.4 mi
Stephens Middle School
4962 Hayesville Drive Northeast, Salem, OR 97305
6-80.6 mi
Mckay High School
2440 Lancaster Drive Northeast, Salem, OR 97305
9-121.8 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 4324 47th Ave NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/18/2026
Listed
$439,900
17.31%
MLS
3/20/2023
Sold
$375,000
—
Public Record
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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 for 4324 47th Ave NE

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,569
10%
$194,870
3%
2023
$3,255
7%
$189,200
6%
2021
$3,036
-1%
$178,340
-3%
2022
$3,065
7%
$183,690
6%
2020
$2,854
2%
$173,150
3%
2019
$2,790
-2%
$168,110
3%
2018
$2,850
22%
$163,220
3%
2017
$2,336
4%
$158,470
3%
2016
$2,249
1%
$153,860
3%
2015
$2,226
7%
$149,380
3%
2014
$2,083
4%
$145,030
3%
2013
$2,008
—
$140,810
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Willner Properties LLC (503) 433-5000, Cody Willner (503) 349-4952

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4324 47th Ave NE, Salem, OR 97305 (MLS# 190184954) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 4324 47th Ave NE is currently listed for $439,900 and was received on February 18, 2026. Want to learn more about 4324 47th Ave 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.

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