$575000
Price cut: $25K (10-27-2025)
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4 Bed
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4 Bath
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2282 SqFt
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154 DOM
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Built: 1925
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Status: Active
Love this home?
Charming detached 4-unit multifamily property ideally situated near downtown Salem, public transit, and local colleges. Each spacious unit features 1 bedroom, 1 bathroom, private entrance, individual electric meter, and separate water heater, offering tenants privacy and convenience. The building underwent a major remodel and partial rebuild in the early 1990s with ongoing updates, including newer water heaters, fresh flooring throughout, and a roof with an estimated 30-year remaining lifespan per 2022 inspection. Residents enjoy dedicated off-street parking, on-site coin-operated laundry, and a fully fenced backyard courtyard. Excellent investment opportunity with potential to assume an attractive 2.75% FHA loan (buyer to verify with lender). Showings available upon accepted offer.
Listing Provided Courtesy of Joe Skipper, eXp Realty, LLC
General Information
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245194097
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154 DOM
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4
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5662.8 SqFt
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4
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2282
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1925
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RM2
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Marion
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583175
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Richmond
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Leslie
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South Salem
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MultiFamily
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J MYERS ADD SALEM LOT 6 BLK 2
Listing Provided Courtesy of Joe Skipper, eXp Realty, LLC
PDXA1 Realty Group data last checked: Jan 06, 2026 12:26 | Listing last modified Jan 06, 2026 11:49,
Source:
Residence Information
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2282
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-
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4
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4
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Composition
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-
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OffStreet,OnStreet
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2
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1925
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No
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WoodSiding
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-
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Features and Utilities
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None
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Electricity
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WallHeater
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PublicSewer
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Electricity
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Electricity
Financial
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3376.13
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0
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TrashCollection,Water
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-
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Assumable,Cash,Conventional,FHA,VALoan
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08-05-2025
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No
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No
Comparable Information
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154
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154
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Assumable,Cash,Conventional,FHA,VALoan
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$625,000
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$575,000
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Jan 06, 2026 11:49
Schools
Map
Listing courtesy of eXp Realty, LLC.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Jan 06, 2026 12:26 | Listing last modified Jan 06, 2026 11:49.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
— Jagathishp
Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
— Vignesh Chan
Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
— Praveen
Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
— Ramren Garajan
Thinking about buying or selling. Let’s Talk.
Whether you’re looking to buy your dream home, sell your property for the best price, or explore investment opportunities, PDXA1 Realty Group is here to help. With expertise, personalized service, and a commitment to your goals, we’ll guide you every step of the way. Contact us today at (971) 330-1856 let’s start the conversation!
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