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$650,000
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Property Description
Fantastic Income Opportunity! Don't miss this well-maintained 4-plex featuring four 2-bedroom, 1-bath units, perfect for investors or owner-occupants! Three units are currently tenant-occupied, and the fourth is owner-occupied, offering immediate income potential. Each spacious unit includes a comfortable living room, dining area, and a well-equipped kitchen with all appliances and lots of cupboard space. Bedrooms are nicely sized, and the bathrooms feature a convenient tub/shower combo. Enjoy off-street parking, a fenced front yard area, and a shared coin-operated community laundry room for added convenience. Ideally located just minutes from a wide variety of restaurants, shopping, and neighborhood parks, this property combines comfort, convenience, and excellent investment value!
Full Property Details
Full Property Details for 664 Thompson Ave NE
General
- Price: $650,000
- Taxes: $4,848 (2024)
- Status: Active
- Type: Multi-Family
- Source: WVMLS
- MLS ID: 834800
- Updated: 1/15/2026
- Added to Site: 87 day(s) ago
Interior
- Flooring: Carpet, Laminate
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Location
- County: CENTRAL SALEM
- Driving Directions: Hawthorne Ave SE, L on Center St NE, R on Thompson Ave NE
School Information
- Elementary School: Englewood
- Middle School: Parrish
- High School: North Salem
Heating & Cooling
- Heating Type: Baseboard
- Heating Fuel: Baseboard
- Water Heater: Electric
Utilities
- Sewer: City
- Water: City
Structural Information
- Roof: Composition
- Square Feet: 3,744
- Year Built: 1966
Unit Information
- Units in Building: 4
Unit 1
- Square Feet: 936
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Square Feet: 936
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Square Feet: 936
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Square Feet: 936
- Level: Ticor
- Total Bathrooms: 1
- Bedrooms: 2
Unit 5
- Square Feet: 2
Unit 6
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.13
- Lot Size (Sq. Ft.): 936
- Frontage Feet: 936
- Zoning: RM2
- Lot Description: 5
Financial Considerations
- Price Per Sq. Ft.: $173.61
- Price Per Acre: $5,000,000
- Assessment Year: 1966
- Tax Amount: $4,848
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 5
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Schools
Schools serving 664 Thompson Ave NE
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Englewood Elementary School 1132 19th Street Northeast, Salem, OR 97301 | K-5 | 0.3 mi |
Parrish Middle School 802 Capitol Street Northeast, Salem, OR 97301 | 6-8 | 0.7 mi |
North Salem High School 765 14th Street Northeast, Salem, OR 97301 | 9-12 | 0.6 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 664 Thompson Ave NE
Date
Details
Price
Change
Source
10/24/2025
Listed
$650,000
195.45%
MLS
1/16/2004
Sold
$220,000
—
Public Record
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 664 Thompson Ave NE
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,848
3%
$246,910
3%
2023
$4,705
6%
$239,720
6%
2021
$4,443
-3%
$225,970
-3%
2022
$4,573
6%
$232,740
6%
2020
$4,313
7%
$219,390
3%
2019
$4,037
-2%
$213,000
3%
2018
$4,108
11%
$206,800
3%
2017
$3,708
5%
$200,780
3%
2016
$3,532
-1%
$194,940
3%
2015
$3,558
3%
$189,270
3%
2014
$3,444
2%
$183,760
3%
2013
$3,373
—
$178,410
—
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 664 Thompson Ave NE
664 Thompson Av NE, Salem, OR 97301 (MLS# 834800) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 664 Thompson Av NE is currently listed for $650,000 and was received on October 24, 2025. Want to learn more about 664 Thompson Av 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.

