Well maintained package of three duplexes, 4212, 4222, & 4252 47th Ave NE, located on a quiet residential street in Salem. The properties are offered together as a portfolio, with the ability to finance each duplex individually. Each building is separately addressed and lends itself to individual lending, providing flexibility for investors who want to structure multiple loans, diversify risk, or plan for future individual disposition. The portfolio is professionally managed and fully occupied, providing stable, in place income from day one. The buildings feature consistent two story designs with matching layouts, pitched roofs, and clean exterior lines. Each duplex offers two units with similar floor plans, generous natural light, and functional interiors. Units include well sized living areas, practical kitchens with ample cabinetry and counter space, and comfortable bedroom layouts. Each property has its own driveway and off street parking, along with simple, low maintenance landscaping. The properties are well positioned within an established residential neighborhood, with convenient access to local services, and amenities. Rents are in place and supported by current market conditions, offering immediate income without reliance on aggressive projections. The similar construction and layout across all three duplexes create operational efficiency while still allowing each property to be financed, held, or sold separately in the future. This is a strong opportunity for investors seeking small multifamily assets with flexible financing options, professional management in place, and long term hold potential.
Listing Provided Courtesy of Dawn Cordiner, eXp Realty, LLC
General Information
585195910
13
DOM
12
7405.2 SqFt
12
6900
1972
RSFR
Marion
546025
Yoshikai 3/10
Stephens 5/10
McKay 5/10
MultiFamily
COLLEGE PARK ESTATES, BLOCK 1, LOT 1, ACRES 0.17
Listing Provided Courtesy of Dawn Cordiner, eXp Realty, LLC
Krishna Realty data last checked: Feb 21, 2026 20:28 | Listing last modified Feb 11, 2026 08:44,
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Residence Information
6900
12
12
Composition
6,
Driveway
2
1972
No
LapSiding
CrawlSpace
CrawlSpace
Features and Utilities
Electricity
Zoned
PublicSewer
Electricity
Electricity
Financial
10437
Sewer,Water
Cash,Conventional
01-29-2026
No
No
Comparable Information
13
23
Cash,Conventional
$1,500,000
$1,500,000
Feb 11, 2026 08:44
Schools
public Elementary : Yoshikai
3/10Ratingspublic Middle : Stephens
5/10Ratingspublic High : McKay
5/10Ratings
Well maintained package of three duplexes, 4212, 4222, & 4252 47th Ave NE, located on a quiet residential street in Salem. The properties are offered together as a portfolio, with the ability to finance each duplex individually. Each building is separately addressed and lends itself to individual lending, providing flexibility for investors who want to structure multiple loans, diversify risk, or plan for future individual disposition. The portfolio is professionally managed and fully occupied, providing stable, in place income from day one. The buildings feature consistent two story designs with matching layouts, pitched roofs, and clean exterior lines. Each duplex offers two units with similar floor plans, generous natural light, and functional interiors. Units include well sized living areas, practical kitchens with ample cabinetry and counter space, and comfortable bedroom layouts. Each property has its own driveway and off street parking, along with simple, low maintenance landscaping. The properties are well positioned within an established residential neighborhood, with convenient access to local services, and amenities. Rents are in place and supported by current market conditions, offering immediate income without reliance on aggressive projections. The similar construction and layout across all three duplexes create operational efficiency while still allowing each property to be financed, held, or sold separately in the future. This is a strong opportunity for investors seeking small multifamily assets with flexible financing options, professional management in place, and long term hold potential.