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Sold on 02/12/2024
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436 Norway St NE, Salem, OR 97301

  • $850,000

    Last sold 02/12/2024 after 87 Days

  • —

    bed

  • —

    bath

  • 5,698

    Sqft ($149/Sqft)

Multi-family not for sale
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About 436 Norway St NE

Property type Multi-family
Neighborhood
Year built 2007
HOA fee $0/month
Rental estimate
Property description
This property offers a great return on your investment. Newer (2007), large, triplex with all units featuring 3 bedrooms, 1.5 bathrooms, double car garages, patios, and small fenced yards. Plus an older, fully remodeled, home with 3 bedrooms, 1 bathroom, and a separate apartment with it's own exterior entrance. Two of the tri-plex units have been updated. The home also has an unfinished basement. Tenants in the tri-plex pay all their own utilities, and all have separate meters. Do not disturb tenants. Physical address of tri-plex is 436-440 Norway St NE, Salem OR. Physical address of house is 1596A (&B) 4th St NE, Salem OR. Square feet of the home is estimated.
Listed by
Listing Agent - Judy Price-Kirk
Listing Office - Elite Realty Group
Source: RMLS mls logo
MLS#23630681 • last updated 2 years ago
Movoto checked RMLS for data 10 minutes ago
Overview
Heating Forced Air
MLS # 23630681
Type Multi Family
Status Sold
Property Tax 9093
Year Built 2007
Exterior
Exterior Features Cement Siding
Lot Desc Corner Lot, Level
Amenities / Utilities
Hot Water Electricity, Gas
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Marion
Subdivision North Salem
Area 174 - Marion Co: Central Salem
Elementary School Grant
Middle School Parrish
High School North Salem
Zoning RM2
Directions Corner Of 4th And Norway
APN 584522
Multifamily Details
Unit Type 3: Total Baths 2
Unit Type 1: # Bedrooms 3
Unit Type 1 : Total Baths 2
Unit Type 5: # Bedrooms 1
Unit Type 2: # Bedrooms 3
Unit Type 3: # Bedrooms 3
Unit Type 4: Total Baths 1
Unit Type 2: Total Baths 2
Unit Type 4: # Bedrooms 3
Unit Type 5: Total Baths 1
Unit Type 1: Rent 1245
Unit Type 4: Rent 1495
Unit Type 3: Rent 1595
Unit Type 2: Rent 1595
Unit Type 5: Rent 995
Total # of Units 5
Gross Rent Multiplier 11.08
Net Operating Income 57561
Operating Expense 21884
Gross Income 79445
Cap Rate 6.54
Lot/ Land Details
Road Surface Paved
  • Apr 2024
    mls logo MLS # 23630681
  • Apr 22, 2024 Sold
    $850,000 (-3.4%)
  • Feb 13, 2024 Pending
    —
  • Feb 7, 2024 Price Change
    $880,000 (-4.9%)
  • Feb 6, 2024 Listed
    —
  • Feb 2, 2024 Pending
    —
  • Jan 30, 2024 Listed
    —
  • Jan 24, 2024 Pending
    —
  • Nov 17, 2023 Listed
    $925,000
  • Nov 2023
    mls logo MLS # 811403
  • Nov 17, 2023 Listed
    $925,000

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Nearby homes for sale in Salem, OR

  • Real Estate
  • OR
  • Marion County
  • Salem
  • 97301
  • Grant
  • 436 Norway St NE
We are not permitted to show value estimates for this property.

Nearby recently sold homes in Salem, OR

  • 436 Norway St NE
    $850K
  • Grant
    $414K +15% y/y
  • 97301
    $420K +5% y/y
  • Salem
    $508K +1% y/y
No chart available
Statistics calculated by Movoto
5/10
Grant Community School
public Grades K-5
Salem-Keizer School District 24j
3/10
Parrish Middle School
public Grades 6-8
Salem-Keizer School District 24j
3/10
North Salem High School
public Grades 9-12
Salem-Keizer School District 24j
Source: GreatSchools.org © 2026. All rights reserved.
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