NEW! Buy and sell safely with virtual options - Learn More
About the Listing 1451 - 17639
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.
Listing Highlights for 4803 Future Rd NE
Status
Active
Days on Site
189
Property Type
Multi-Family
MLS ®
828178
Year Built
1970
Total Square Footage
3,790
Lot/Acreage
0.43
County
Marion
Neighborhood
McNary Homes Add
Elementary School
Swegle
Middle School
Waldo
High School
McKay
Interior Details
- Bedrooms: 8
- Bathrooms: Full
- Appliances: Yes, No, Range Included, Refrigerator Included
- Air Cond:
- Heating: Electric,Baseboard
- Fireplaces:
- Floor: Carpet,Laminate,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Well
Exterior Details
- Lot Description: Dimension Above,Yes
- Garage Capacity: N/A
- Roof: Built-Up
- Others: Remarks,Patio,Vinyl,Lap
- Sewer: City
Financial Details
- Tax Amount: $6,333
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
4803 Future Rd NE Salem, OR 97305
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
