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$430,000

  • Sold
  • Sold
  • Multi-Family
See This Home
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Calling all investors-don't miss this exceptional three-unit multifamily opportunity. This property is ideal for investors looking to expand their portfolio or for an owner-occupant who wants to live in one unit while renting out the other two.All units have been renovated, and the building is fully occupied. The seller currently resides in one unit, with the remaining two secured by leases. Located on a quiet, tree-lined street, the property offers a peaceful and desirable setting.Whether you're adding to an existing portfolio or purchasing your first investment property, this one delivers. The numbers are strong, with an actual cap rate exceeding 6%.Please submit offers contingent upon a walkthrough. Kindly do not disturb the tenants or walk the property.

Full Property Details for 581 Highland Ave

General

  • Sold For: $430,000
  • Taxes: $4,049 (2025)
  • Status: Sold
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 487660105
  • Added to Site: 228 day(s) ago

Rental Information

  • Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water

Additional Information

  • Security/Safety: None

Parking

  • Parking Features: On Street

Location

  • County: Marion
  • Driving Directions: Broadway to Highland

School Information

  • Midd School District: Parrish
  • Elementary School: Hammond
  • Middle School: Parrish
  • High School: North Salem

Community

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

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Furnace
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Roof: Composition
  • Stories/Levels: 1
  • Year Built: 1937
  • Property Condition: Updated/Remodeled

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Size (Sq. Ft.): 3,484
  • Lot Size: 3, 000 to 4, 999 SqFt
  • Frontage: Concrete, Paved
  • Lot Features: Level, Trees

Financial Considerations

  • Operating Expenses: $10,800
  • Tax Amount: $4,049.94
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA

Disclosures and Reports

  • Disclosures/Reports: Disclosure
  • Property ID: 577112

Listed by Bridgetown Equity Prop LLC (503) 475-3333, Michael Bivens (503) 475-3333
Sold by Non Rmls Broker (503) 236-7657, OR and WA Non Rmls

Listing agent

— 581 Highland Ave —

  • Michael Bivens

    Bridgetown Equity Prop LLC

    503-475-3333

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 581 Highland Ave

School District:Salem-Keizer School District 24j
NameGradesDistance
Highland Elementary School, Salem, OR
530 Highland Ave NE, Salem, OR 97303
PK-50.1 mi
Parrish Middle School
802 Capitol Street Northeast, Salem, OR 97301
6-81 mi
North Salem High School
765 14th Street Northeast, Salem, OR 97301
9-121.1 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 581 Highland Ave

Date
Details
Price
Change
Source
7/17/2026
Sold
$430,000
-10.23%
MLS
5/02/2026
Price Reduced
$479,000
-3.23%
MLS
3/17/2026
Price Reduced
$495,000
-5.71%
MLS
2/24/2026
Price Reduced
$525,000
-1.87%
MLS
1/12/2026
Listed
$535,000
—
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 Bridgetown Equity Prop LLC (503) 475-3333, Michael Bivens (503) 475-3333
Sold by Non Rmls Broker (503) 236-7657, OR and WA Non Rmls

Just Listed near 581 Highland Ave

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211 Sunset Ave, Keizer, OR 97303 - Photo 1 Just Listed
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211 Sunset Ave  Keizer, OR 97303

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6137 Hogan Dr N  Keizer, OR 97303

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712 Cummings Ln N, Keizer, OR 97303 - Photo 1 Just Listed
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712 Cummings Ln N  Keizer, OR 97303

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Listed By: HANNAH. FOUTS-SPARKS | Smi Real Estate and JORDAN. SPARKS | Smi Real Estate

Price Reduced near 581 Highland Ave

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5364 Lakeport St N, Keizer, OR 97303 - Photo 1 Price Reduced
-$25,000 (-5.26%)
$450,000

5364 Lakeport St N  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 2 days ago
  • 4
    Beds
  • 3
    Total Baths
  • 1,750
    Sq. Ft.
Listed By: CAMILLE. OLIVEIRA | Simplihom
793 Lakefair Pl N, Keizer, OR 97303 - Photo 1 Price Reduced
-$14,000 (-2.03%)
$675,000
Open House

793 Lakefair Pl N  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 19 hours ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,931
    Sq. Ft.
Listed By: KENNETH. PATTERSON | Kithkin Real Estate
1948 Brandon Ave NE, Keizer, OR 97303 - Photo 1 Price Reduced
-$5,000 (-1.01%)
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Open House

1948 Brandon Ave NE  Keizer, OR 97303

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  • Updated 8 hours ago
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    Sq. Ft.
Listed By: LACEY. STARK | Windermere Heritage
1018 Taurus Lp NE, Keizer, OR 97303 - Photo 1 Price Reduced
-$5,000 (-0.95%)
$519,945

1018 Taurus Lp NE  Keizer, OR 97303

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  • Active
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  • 4
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    Sq. Ft.
Listed By: DEWEY. WHITTON | The Salem Real Estate Group

Recent Sales near 581 Highland Ave

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2279 Church St NE, Salem, OR 97301 - Photo 1 Sold
$395,000

2279 Church St NE  Salem, OR 97301

  • Single Family
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  • 3
    Beds
  • 2
    Total Baths
  • 1,508
    Sq. Ft.
Listed By: MELINA. TOMSON | Tomson Burnham, Llc
Sold by RASHELLE. NEWMYER | Coldwell Banker Professional Group
605 Hickory St NE, Salem, OR 97301 - Photo 1 Sold
$370,000

605 Hickory St NE  Salem, OR 97301

  • Single Family
  • Closed
  • 3
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  • 2
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Listed By: GARY. BAUER- P.C. | Knipe Realty Era Powered
Sold by DANIEL. RAMIREZ | Exp Realty, Llc
1695 Church St NE, Salem, OR 97301 - Photo 1 Sold
$371,000

1695 Church St NE  Salem, OR 97301

  • Single Family
  • Closed
  • Updated 6 days ago
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    Total Baths
  • 1,357
    Sq. Ft.
Listed By: KATHLEEN. DEWOINA | Berkshire Hathaway Homeservices R E Prof
Sold by KRISTINA. MCCOLLY | Windermere Pacific West Prop
1695 Church St, Salem, OR 97301 - Photo 1 Sold
$371,000

1695 Church St  Salem, OR 97301

  • Single Family
  • Sold
  • Updated 6 days ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,982
    Sq. Ft.
Listed by Berkshire Hathaway HomeServices Real Estate Professionals, Kathleen Dewoina
Sold by Non Rmls Broker, OR and WA Non Rmls

581 Highland Ave, Salem, OR 97301 (MLS# 487660105) is a Multi-Family property that was sold at $430,000 on July 17, 2026. Want to learn more about 581 Highland 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.