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Sold on 10/10/2024
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4189 Geranium Loop, Salem, OR 97305

$419,000

Last sold 10/10/2024 for $597K

  • —

    bed

  • —

    bath

  • 1,316

    Sqft ($454/Sqft)

Multi-family not for sale
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About 4189 Geranium Loop

Property type Multi-family
Neighborhood
Year built 2004
HOA fee $0/month
Lot size 3,049 Sqft
Movoto estimate
Parking 1 garage spaces
Rental estimate
Property description
4189 & 4185 Geranium Loop. Great investment opportunity - two townhouse units each with 3 bedroom and 2 1/2 bath. Large bedrooms including walk-in closets! Attached single car garages for each unit. Ample parking opportunity in the driveway and on street parking allowed. Backyards are fenced, front & backyard are both landscaped. These duplexes could also be sold as 2 separate zero lot line units! UGS front & back. Long term rental history, tenants would like to stay. Great location, close to bus route, Chemeketa Comm College, Shopping and easy I-5 access. 48 hour notice for showings. Units can be sold seperately:RMLS 24303875 & 24629843
Listed by
Listing Agent - Gina Audritsh
Listing Agent Contact: Info@hpihomes.com
Listing Office - Hallmark Properties, Inc.
Source: RMLS mls logo
MLS#24447992 • last updated 1 year ago
Movoto checked RMLS for data 6 minutes ago
Overview
Heating Forced Air
MLS # 24447992
Type Multi Family
Status Sold
Lot Size (SqFt) 3049
Lot Size (Acres) 0.07
Property Tax 3185.85
Year Built 2004
Exterior
Roof Composition
# Parking Spaces 2
# Garage Spaces 1
Exterior Features CementSiding, LapSiding
Lot Desc PublicRoad, Sloped
Amenities / Utilities
Hot Water Gas
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Marion
Area 176 - Marion Co: East Salem N
Elementary School Hammond
Middle School Stephens
High School McKay
Zoning RM2
Directions Portland Rd To E On Kale, S On Happy Dr, To Geranium Av To Geranium Loop
APN 334596
Multifamily Details
Unit Type 1: # Bedrooms 3
Unit Type 1 : Total Baths 3
Unit Type 2: # Bedrooms 3
Unit Type 2: Total Baths 3
Unit Type 1: Rent 1800
Unit Type 2: Rent 1819
Total # of Units 2
Gross Rent Multiplier 13.85
Net Operating Income 34920
Operating Expense 9480
Gross Income 44400
Cap Rate 5.68
Lot/ Land Details
Road Surface Concrete
$419K
Range: $297K-$540K
Last 30 days 
Rental est.: $1,168/month
Gross rent multiplier: 42.6
  • Nov 2024
    mls logo MLS # 24447992
  • Nov 1, 2024 Sold
    $597,000
  • Oct 10, 2024 Pending
    —
  • Aug 12, 2024 Listed
    $615,000 (+97.1%)
  • Nov 2024
    Public Records
  • Nov 1, 2024 Sold
    $597,000 (+91.3%)
  • Oct 2024
    mls logo MLS # 822174
  • Oct 7, 2024 Listed
    $312,000
  • Oct 2024
    mls logo MLS # 24498494
  • Oct 4, 2024 Listed
    $312,000 (-49.3%)
  • Aug 2024
    mls logo MLS # 24467378
  • Aug 12, 2024 Listed
    $615,000
  • Apr 15, 2024 Price Change
    $634,000 (-3.8%)
  • Mar 21, 2024 Listed
    $659,000 (+379.3%)
  • Jul 2024
    mls logo MLS # 819109
  • Jul 11, 2024 Listed
    $312,000
  • Jul 2024
    mls logo MLS # 24303875
  • Jul 11, 2024 Listed
    $312,000 (-50.8%)
  • Jun 2005
    Public Records
  • Jun 14, 2005 Sold
    $137,500
  • Year Property taxes Tax assessment
  • 2025
    $3,538 +7.8%
    $172,190 +3.0%
  • 2024
    $3,282 +3.0%
    $167,180 +2.99%
  • 2023
    $3,186 +2.9%
    $162,320 +2.99%
  • 2022
    $3,097 +2.9%
    $157,600 +3.0%
  • 2021
    $3,008 +3.0%
    $153,010 +3.0%
  • 2020
    $2,921 +3.6%
    $148,560 +3.0%
  • 2019
    $2,818 +1.3%
    $144,240
  • 2018
    $2,782 +10.8%
    —
  • 2017
    $2,511 +5.0%
    —
  • 2016
    $2,392 -0.7%
    —
  • 2015
    $2,410
    —
  • 4189 Geranium Loop
    $597K
  • Northgate
    $430K 0% y/y
  • 97305
    $447K +1% y/y
  • Salem
    $499K 0% y/y
No chart available
Statistics calculated by Movoto

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3/10
Hammond Elementary School
public Grades K-5
Salem-Keizer School District 24j
2/10
Stephens Middle School
public Grades 6-8
Salem-Keizer School District 24j
2/10
Mckay High School
public Grades 9-12
Salem-Keizer School District 24j
Source: GreatSchools.org © 2026. All rights reserved.

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