Sold
Last Sold Price
11,282 sqft
1053 Ruge St NW, Salem, OR 97304
Multi FamilyProperty Type
0.68 acresLot Size
1968Year Built
$150/sq ftPrice per sq ft

Description

12 unit apartment complex plus one single family dwelling for sale in West Salem. Units range from 1-4 bedrooms. Slightly below market rent for some units. Contact listing office for more information.12 unit apartment complex plus one single family dwelling for sale in West Salem. Units range from 1-4 bedrooms. Slightly below market rent for some units. Contact listing office for more information.
  • Listed by: MIKE MOSAR 971.273.7670 mike@mosarcommercial.com Brokerage DRE #201208471 • MOSAR COMMERCIAL PROPERTIES
Listing closed: 10/21/2024 12:00 AM • Source: Willamette Valley MLS, MLS#: 821059

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Recent comparable sales

Median sold price

$739,000

Avg days on market

46

Sale-to-list ratio

95.6%

Salem, OR

9 comparable properties found

$1,650,000 | 1155 Howard Street Southeast, Salem, OR 97302
1/19
1

$1,650,000

Sold 02/25/26

Unavailable
Bedrooms
Unavailable
Bathrooms
10,774
Square Feet
0.34
Acres
$1,190,000 | 875 Gerth Avenue Northwest, Salem, OR 97304
1/41
2

$1,190,000

Sold 07/16/26

Unavailable
Bedrooms
Unavailable
Bathrooms
6,200
Square Feet
0.43
Acres
a car parked in front of a house
1/29
3

$739,000

Sold 12/23/24

Unavailable
Bedrooms
Unavailable
Bathrooms
2,880
Square Feet
0.18
Acres
$509,000 | 189 Stoneway Drive Northwest, Salem, OR 97304
1/46
4

$509,000

Sold 07/09/26

Unavailable
Bedrooms
Unavailable
Bathrooms
2,160
Square Feet
0.18
Acres
a front view of a house with garden
1/6
5

$455,000

Sold 09/12/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,011
Square Feet
0.15
Acres
a front view of a house with a garden
1/9
6

$700,000

Sold 10/18/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.29
Acres
a front view of a house with a yard
1/18
7

$335,000

Sold 07/14/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.1
Acres
a front view of a house with yard
1/26
8

$750,000

Sold 03/03/25

Unavailable
Bedrooms
Unavailable
Bathrooms
3,300
Square Feet
0.22
Acres
9

$1,955,000

Sold 11/06/24

Unavailable
Bedrooms
Unavailable
Bathrooms
9,549
Square Feet
0.84
Acres

Location

Listing Courtesy of MOSAR COMMERCIAL PROPERTIES

Sold By NON-MEMBER SALE

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$9,544 per month

30 year fixed, 7.03% Interest

Principal and Interest

$9,022

Property Taxes

$522

HOA Dues

$0

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Property Information for 1053 Ruge Street Northwest

Property Details
  • MLS Type: Residential Income / Multi Family
  • County: Polk County
  • Zoning: RS/RM2
  • Zoning Description: RS/RM2
Building Information
  • Residences: 13
  • Year Built: 1968
  • Lot Size: 0.68 AC / 29,620 SF
Summary
Location and General Information
  • Cross Street: Mc Nary Ave NW
  • Latitude: 44.94534
  • Longitude: -123.057458
Taxes and HOA
  • Association: No
  • Tax Block: 7
  • Tax Lot: 4
Property
Lot Information
  • Lot Features: Landscaped
  • Lot Size Acres: 0.68
Property and Assessments
  • Living Area: 11282.0
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1968
Building Features
  • Property Name: Quintero Apartments
  • Construction Materials: Vinyl Siding, Lap Siding
  • Roof: Composition
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Patio And Porch Features: Patio
Interior Features
  • Appliances: Dishwasher, Electric Range, Refrigerator, Electric Water Heater
  • Flooring: Carpet, Vinyl
  • Laundry Features: Common Area
  • Has Spa: No
  • Water Heater: Electric
Multi Family
Multi Family Information
  • Number Of Units Total: 13
Income & Expenses
  • Net Operating Income: $102,000

Property History for 1053 Ruge Street Northwest

DateEvent & SourcePriceAppreciation
Oct 21, 2024

Sold

Willamette Valley MLS #821059

$1,690,000—
Sep 10, 2024

In Contract

Willamette Valley MLS #821059

—
Sep 3, 2024

Listed (Active)

Willamette Valley MLS #821059

$1,690,000—
DateEvent & SourcePrice
10/21/2024

Sold

Willamette Valley MLS #821059

$1,690,000
09/10/2024

In Contract

Willamette Valley MLS #821059

—
09/03/2024

Listed (Active)

Willamette Valley MLS #821059

$1,690,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1053 Ruge Street Northwest

Taxable ValueLand$40,300Additions$276,680Total$316,980
Tax Record2025$6,262 ($522 / month)
Home Facts
Total Finished SqFt4,103 SqFtAbove Grade Finished SqFt4,103 SqFtLot Size10,019 SqFtStyleMulti-Family Res (5+ Units)Year Built1968ZoningRM2CountyPOLKAPN07321-DB-11100

Schools near 1053 Ruge Street Northwest

This home is within Salem-Keizer School District 24j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Harritt Elementary School
PublicK to 5

Walker Middle School
Public6 to 8

West Salem High School
Public9 to 12

Howard Street Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1053 Ruge Street Northwest, Salem, OR 97304
$1,690,000
–
–
11,282
29,620
–
–
–
2,080
4,792
$94,750
3
1
1,745
10,019
–
–
–
4,259
10,019
$156,000
–
2
1,860
7,841
$125,500
2
1
1,199
7,405

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MOSAR COMMERCIAL PROPERTIES

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS IDX provided by Gregg Lane, Coldwell Banker Bain.