4125-4135 Portland Rd NE

Salem, OR 97301

$725,000
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Description

Investment opportunity! 2 tax lots for a total of .82 acre. This Salem MU-lll mixed use zoning allows for residential, retail, offices etc. You decide upon buyer due diligence! There are currently two-2/1 duplexes, a 3/1 house & a 2/1 studio apt. The shed up front (no value) houses 1 of 2 wells, the 2nd one is in the basement of rented house. Cash only, AS-IS sale. Potential abounds! Do not disturb tenants. Drive by viewing only.Investment opportunity! 2 tax lots for a total of .82 acre. This Salem MU-lll mixed use zoning allows for residential, retail, offices etc. You decide upon buyer due diligence! There are currently two-2/1 duplexes, a 3/1 house & a 2/1 studio apt. The shed up front (no value) houses 1 of 2 wells, the 2nd one is in the basement of rented house. Cash only, AS-IS sale. Potential abounds! Do not disturb tenants. Drive by viewing only.
  1. Listed by Sandy Van Dyk • Paramount Real Estate Services

Property Details for 4125-4135 Portland Road Northeast

Parking Features
Open
Zoning
MU-III
View
Territorial
LISTING UPDATED: 03/25/2026 01:55 PM

Property Details for 4125-4135 Portland Road Northeast

StatusActive
MLS #512366581
Days on Market16
Taxes$6,116 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1950
Lot Size0.82 AC / 35,719 SF
CountyMarion County
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Location

Listing Courtesy of Paramount Real Estate Services
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Building Information for 4125-4135 Portland Road Northeast

Stories-Residences6Year Built1950Building Size-Lot Size0.82 AC / 35,719 SF

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$4,160 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,651

Property Taxes

$510

HOA Dues

$0

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Property Information for 4125-4135 Portland Road Northeast

Summary
Location and General Information
  • Country: US
  • Directions: Portland Rd. NE, just south of Hyacinth St. NE, west side of street.
  • Road Surface: Gravel
School Information
  • Elementary School: Highland
  • High School: North Salem
  • Middle Or Junior School: Parrish
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $6,116.00
  • Parcel Number: 525986
  • Parcel Number 2: 525988
  • Tax Legal Description: Total acres .82, Block 3
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Property
Lot Information
  • Acres: 0.82
  • Lot Description: On Busline
  • Lot Size Square Feet: 35719.0
  • Lot Size Range: Sq Ft20000to Acres1
  • Lot Size: 20,000 Sq Ft to .99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Well
  • Year Built: 1950
Utilities
  • Fuel Description: Electricity
  • Heating Description: Wall Furnace
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Siding
  • Roof Type: Composition
Interior Features
  • Basement: Unfinished
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
  • Gross Income Actual: $68,340.00
  • Gross Rent Multiplier: $10.61
  • Net Income Actual: $68,340.00
  • Operating Expense: $22,106.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 2.00
  • Unit Type 1 Beds Total: 4
  • Unit Type 1 Features: Range, Wood Floors
  • Unit Type 1 Rent: $950
  • Unit Type 1 SqFt: 710.0
  • Unit Type 1 Units Total: 2
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Baths Decimal: 2.00
  • Unit Type 2 Beds Total: 4
  • Unit Type 2 Features: Range, Wood Floors
  • Unit Type 2 Rent: $950
  • Unit Type 2 SqFt: 710.0
  • Unit Type 2 Units Total: 2
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 3
  • Unit Type 3 Features: Range, Wood Floors
  • Unit Type 3 Rent: $1,145
  • Unit Type 3 SqFt: 1408.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Range, Wood Floors
  • Unit Type 4 Rent: $750
  • Unit Type 4 SqFt: 720
  • Unit Type 4 UnitsTotal: 1

Schools near 4125-4135 Portland Road Northeast

This home is within Salem-Keizer School District 24j.
Rating
School
Type
Grades
Distance
Highland Elementary School
Public - K to 5
Parrish Middle School
Public - 6 to 8
North Salem High School
Public - 9 to 12
Early College High School
Public - 9 to 12
Rating
School
Distance
Highland Elementary School
PublicK to 5

Parrish Middle School
Public6 to 8

North Salem High School
Public9 to 12

Early College High School
Public9 to 12

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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More information about 4125-4135 Portland Road Northeast, Salem, OR 97301

4125-4135 Portland Road Northeast is a multi-family home for sale in Salem, OR 97301. This property was listed for sale on March 23, 2026 by Paramount Real Estate Services, it's currently listed at $725,000. This listing's school district is Salem-Keizer School District 24j. Nearby schools include Highland Elementary School, Parrish Middle School and North Salem High School. 4125-4135 Portland Road Northeast is a 0-bed, 0-bath, multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Paramount Real Estate Services

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 03/25/2026 01:55 PM