$715,000

4803 Future Rd NE, Salem, OR 97305

8 beds
3,790 sqft

Multi-Family Home
Built in 1970
0.43acre lot
—— car garage
$189/sqft
Listed 11 months ago

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.

Listing Status:: Active
Data Last Updated:: April 4, 2026 at 7:45AM
Listing Office:: HARCOURTS ELITE : 503-314-1651
Listing Agent:: EMILY EVERHART : 971-237-9498
MLS ID:: 828178

Appliances: DishwasherElectric Water HeaterRefrigeratorRange Included
Laundry: Common Area
Flooring: CarpetLaminateVinyl
Heating: ElectricBaseboard

Parking: Garage

Roofing: Built-Up
General: Vinyl SidingLap SidingContinuous

Originating MLS: Black Knight 2 - Willamette Valley Multiple Listing Service
County: Marion

View: Territorial
Current Use: Investment

Water: Well
Sewer: Public Sewer

Source: Black Knight 2 - Willamette Valley Multiple Listing Service

This listing courtesy of EMILY EVERHART , HARCOURTS ELITE

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Swegle Elementary School

1751 Aguilas Ct NE, Salem, OR, 97301

Grades KG-5

0.50 miles away

Waldo Middle School

2805 Lansing Ave NE, Salem, OR, 97301

Grades 6-8

1.83 miles away

McKay High School

2440 Lancaster Dr NE, Salem, OR, 97305

Grades 9-12

0.83 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.