4803 Future Rd NE NE Active Save Request In-Person Tour Request Virtual Tour
Salem,OR 97305
Key Details
Property Type Multi-Family
Sub Type 4-Plex
Listing Status Active
Purchase Type For Sale
Square Footage 3,790 sqft
Price per Sqft $189
Subdivision Mcnary Homes Add
MLS Listing ID 828178
Bedrooms 8
Year Built 1970
Annual Tax Amount $6,333
Tax Year 2024
Lot Size 0.430 Acres
Acres 0.43
Property Sub-Type 4-Plex
Property Description
Turn-Key Fourplex in Prime Salem Location – Ideal Investment Opportunity!Welcome to 4803, 4813, 4823, and 4833 Future Rd NE – a well-maintained and fully occupied fourplex in a quiet residential neighborhood of northeast Salem. This property features four spacious 2-bedroom, 1-bathroom units, each offering comfortable living spaces, abundant natural light, and private garage parking. Well was done in 2022. Excellent turnkey investment opportunity featuring four fully occupied 2-bedroom, 1-bath units with dependable tenants and a proven rent history. Two units have been recently renovated, and the property includes a new well installed in 2022 and a new perimeter fence, reducing maintenance costs and increasing long-term value.This property delivers consistent income with a gross annual rent of approximately $62,000 and a net operating income (NOI) of $48,217 based on current leases. At market rents, projected gross income increases to $69,600 annually, offering immediate upside potential. With low operating expenses, no management fees, and strong local rental demand, this is an ideal addition to any investment portfolio in the Salem area. Don't miss this high-performing multifamily asset—contact for full financials and rent history today.
Location
State OR
County Marion
Area 35 Suburban E Salem/South
Rooms
Dining Room Area (Combination)
Interior
Hot Water Electric
Heating Electric,Baseboard
Flooring Carpet,Laminate,Vinyl
Laundry Laundry Center
Exterior
View Territorial
Roof Type Built-Up
Building
Foundation Continuous
Sewer City
Water Well
New Construction No
Schools
Elementary Schools Swegle
Middle Schools Waldo
High Schools Mckay
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional