241 NW 25TH ST, Salem, OR 97301
Marion County
Key Facts
Description
March 2026 rent increase. Take another look! Updated price reflects brand new exterior paint, fencing & repairs-this is a true turnkey 4-unit investment. Fully rented with solid residents. Purpose-built with 14 beds, 8 baths total, newer roof, fiber cement siding, on-site laundry & ample parking. Low-maintenance, low-expense property in a convenient location with great cash flow & market upside. Rare unit mix: (3) 4-bed + (1) 2-bed. Separate electrical meters. More info available - call today!
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1996
Stories
1
Living Area
4,292 sq ft
Lot Size
0.21 acres
Parking Spaces
12
Zoning
RM
Days on Market
361
MLS® Listing#
254623360
Property Features
Cooling
Heating
Parking
Laundry
Roof
Sewer
Water Source
Schools
- Elementary:
- Other
- Middle:
- Other
- High:
- South Salem
Financial Details
HOA
None
Annual Taxes
$8,348
Tax year 2024
Parcel Number
571801
Directions
Turn left on State Street
Affordability Calculator
$190,000
Estimated monthly payment
$5,056/mo
Principal $760,000 · Est. interest $1,060,268 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Salem, OR
- $483,333
- Median Listing Price
- 164
- Median Days on Market
- 1,814
- Median Sq Ft
- $267
- Median Price / Sq Ft
- 323
- Active Listings
- This home’s price is 97% above the area median.
- Its price per sq ft is 17% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Salem, OR.
Location
Getting Around
Points of Interest in Salem, OR
Showing the Salem area map.
Nearby Schools
Richmond Elementary School
Elementary · 0.3 mi away
St John Lutheran Church
Elementary · 0.8 mi away
Salem-Keizer Public Schools
School · 0.8 mi away
Bush Elementary School
Elementary · 0.8 mi away
Englewood Elementary School
Elementary · 0.8 mi away
North Salem High School
Secondary · 0.9 mi away
The Early Learning Center
School · 0.9 mi away
Cosa
School · 1.0 mi away
Hoover Elementary School
Elementary · 1.0 mi away
Parrish Middle School
Secondary · 1.1 mi away
R & S Welding Mentors Trade School
Secondary · 1.1 mi away
Roberts High School
Secondary · 1.1 mi away
St Joseph School
Secondary · 1.2 mi away
Salem Keizer Schools
School · 1.2 mi away
Grant Community School
Elementary · 1.4 mi away
Salem Montessori School
Elementary · 1.5 mi away
Montessori Discovery Center
Elementary · 1.5 mi away
Capital Christian School
School · 1.5 mi away
Sunny Day Preschool
School · 1.6 mi away
Downtown Learning Center
School · 1.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 4125 4135 PORTLAND RD NE, Salem, OR | $725,000 | 13 | 6 | — |
Moving Cost Estimate
EXIT Agents in Salem
Listing Courtesy: Keller Williams Realty Mid-Willamette - 5417387770
Presented by: Susan Long
Last Updated: 2025-03-21