OFF MARKET

Off market jun 2024 for $725K

$753,191

Est. refi paymentEst. refi $4,455/mo

•

4 ba

•

3,988

sq ft

3660 State St, Salem, OR 97301

About this home

Rare Fourplex Investment Opportunity in Salem! This villa-style multifamily complex features two 2/1 units and two 3/1 units for a total of 10 beds across all 4 units. Complex is currently fully-rented at market rate with 7.71% CAP on actuals, and 8.61% pro-forma based on 10% increase in global rents. Separate 4-car garage offers covered parking/storage. Tucked in between Lancaster and I5 for easy commuting.

Multi-familyProperty Type

1977Year Built

0.32 acresLot Size

$189Est. Price/Sq.Ft.

4 car garageParking

Listed by Alexander Mccarthy • John L. Scott Salem

Bought with OR and WA Non Rmls • Non Rmls Broker

Redfin checked: a minute ago

•Source:RMLS #24246411

Redfin Estimate

$753,191

$28K since sold in June 2024$22K since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 54.4% higher than the average sale price ($488K) of 6 comparable homes.

SOLD JUL 13, 2026
$510,000
A
4 beds3 baths1,966 sq ft
376 44th Ave SE, Salem, OR 97317
Listing provided by wvmls
SOLD DEC 12, 2025
$599,000
B
8 beds4 baths3,920 sq ft
3928 Auburn Rd NE, Salem, OR 97301
SOLD AUG 14, 2026
$460,000
C
5 beds3 baths2,115 sq ft
545 Baldwin Ave NE, Salem, OR 97301
SOLD MAY 29, 2026
$439,500
D
Land— sq ft
894 Meadowlawn Dr SE, Salem, OR 97317
SOLD JUN 4, 2026
$568,250
E
5 beds4 baths4,454 sq ft
220 37th Ave NE, Salem, OR 97301
Listing provided by wvmls
SOLD SEP 9, 2026
$350,000
F
3 beds2 baths1,446 sq ft
3273 Monroe Ave NE, Salem, OR 97301
Listing provided by wvmls

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Earn from this home

Sell

$152,873

Est. take-home

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Refinance

Est. cash available

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Market trends in 97317, OR

Last updated October 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

98.5%

+0.4% MoM

Median sale price

$425K

$105K MoM

Avg. days on market

75d

15 days MoM

Recently sold homes

2 MoM

New listings for sale

NEW 5 HRS AGO
$335,000
3 beds2 baths1,263 sq ft
2250 Hyde St SE, Salem, OR 97301
$364,900
3 beds2 baths1,248 sq ft
2440 Vallejo St, Salem, OR 97301
Angelica Arredondo • Rocha Realty LLC
3D WALKTHROUGH
$135,000
3 beds2 baths1,493 sq ft
4730 Auburn Rd NE #68, Salem, OR 97301
$489,900
3 beds2 baths1,493 sq ft
4716 Milo Ave NE, Salem, OR 97301
$352,500
1 bed1 bath902 sq ft
295 Church St SE #408, Salem, OR 97301
$430,000
3 beds2 baths1,667 sq ft
1230 Church St NE, Salem, OR 97301
3D WALKTHROUGH
$359,500
3 beds2 baths1,410 sq ft
1090 18th St NE, Salem, OR 97301
$749,000
8 beds6 baths3,866 sq ft
441 Norway St NE, Salem, OR 97301
Gabe Terreson • Savi Realty, Inc.
COMING SOON
$289,900
2 beds3 baths1,296 sq ft
3672 Bell Rd, Salem, OR 97301
Troy Morris • Excel Real Estate
$350,000
3 beds1.5 baths1,220 sq ft
4570 Drake Ct NE, Salem, OR 97301-3058
See all

Provided by Redfin

Sale history for 3660 State St

Date

Event

Price

BUILDIUM #1

Sep 14, 2025

Rental Removed

$1,500

$0/sq ft

May 21, 2025

Listed for Rent

$1,500

$0/sq ft

Greater Lansing AoR #813345

Jun 11, 2024

Sold

$725,000

$182/sq ft

May 2, 2024

Contingent

—

Apr 24, 2024

Price Changed

$725,000

$182/sq ft

Apr 18, 2024

Relisted

—

Apr 3, 2024

Contingent

—

Feb 20, 2024

Listed

$725,000

$182/sq ft

Feb 20, 2024

Listed

$850,000

$213/sq ft

RMLS #24246411

Jun 11, 2024

Sold

$725,000

$182/sq ft

May 2, 2024

Pending

—

Apr 23, 2024

Price Changed

$725,000

$182/sq ft

Apr 18, 2024

Relisted

—

Apr 3, 2024

Pending

—

Feb 20, 2024

Listed

$850,000

$213/sq ft

Public Records

Jun 1, 1989

Sold

$97,500

$24/sq ft

Tax history for 3660 State St

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.32 Acres

Year renovated

1989

Sq. Ft.

3,988

Year built

1977

Style

Other

County

Marion County

APN

524119

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 31, 2026.

Property details

Parking

Parking Information
Parking Features: Detached, Garage
Parking Total: 4

Garage Information
Garage Spaces: 4

Interior

Virtual Tour Information
Virtual Tour Type: Video
Has Virtual Tour Unbranded: Yes

Interior Features
Basement: Crawl Space

Exterior

Exterior Features
Roof: Composition
Exterior Description: T-111 Siding, Wood Siding

Lot Information
Lot Size Square Feet: 13,939
Lot Size Range: 10,000 to 14,999 SqFt
Lot Size Acres: 0.32
Lot Size: 10,000 to 14,999 SqFt
Parcel Number: 524119
Road Surface Type: Concrete, Paved

Property Information
Property Type: Multi Family
Property Attached YN: No
View YN: No

Building Information
Year Built: 1977
Building Area Total: 3,988
Foundation Details: Stem Wall

Financial

Tax Information
Tax Year: 2023
Tax Legal Description: ACRES 0.32
Tax Annual Amount: $6,415.27

Rent Information
Rent Includes: Sewer, Trash Collection, Water

Lease / Rent Information
CAP Rate: 7.71
Gross Rent Multiplier: 10.87

Utilities

Utility Information
Green Certification YN: No
Fuel Description: Electricity
Water Source: Public Water
Sewer: Public Sewer

Heating & Cooling
Heating YN: Yes
Heating: Wall Furnace
Cooling YN: No

Location

Multi Unit Information
# Of Units Total: 4

Unit Information
Unit Type: 1, 2, 3, 4

Unit Type 1 Information
Actual Rent: $1,300
Area: 800
Baths Total: 1
Beds Total: 2
Units Total: 1

Unit Type 2 Information
Actual Rent: $1,210
Area: 800
BathsTotal: 1
Beds Total: 2
Units Total: 1

Unit Type 3 Information
Actual Rent: $1,450
Area: 1,200
Baths Total: 1
Beds Total: 3
Units Total: 1

Unit Type 4 Information
Actual Rent: $1,600
Area: 1,200
Baths Total: 1
Beds Total: 3
Units Total: 1

School Information
Elementary School: Four Corners
Middle Or Junior School: Houck
High School: North Salem

Location Information
Directions: 37th Avenue
Unparsed Address: 3660 STATE ST, Salem, OR 97301

Community Information
Community Features: Front Yard Landscaping
Zoning: RM2

Public facts

Beds: 8
Baths: 4.0
Sq. Ft.: 3,988
Stories: 1.0
Lot Size: 0.32 acres
Style: Other
Year Built: 1977
Year Renovated: 1989
County: Marion County
APN: 524119

Home facts updated by county records on Aug 31, 2026

Other

Listing Information
MlsStatus: Sold

Listing Price Information
Price Type: List Price

Around this home

Schools

K - 12
Preschool & daycare

Four Corners Elementary School

Public K-5 • Assigned • 0.7mi

3/10

Houck Middle School

Public 6-8 • Assigned • 1.1mi

1/10

North Salem High School

Public 9-12 • Assigned • 2.0mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

Salem’s market is slower, with prices relatively steady and homes taking longer to sell. Sellers need competitive pricing, while buyers may have more time to decide and room to negotiate on price, closing costs, or repairs.
3 weeks ago • Salem
Cristian Martinez
Redfin Premier agent
164 deals
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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 92° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

9/10 Air Factor

12 unhealthy days expected this year, 13 days in 30 years

Provided by First Street

Historical weather

Salem, OR • 97301

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Estimated sale price

$716,000 – $867,000

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Nearby similar homes

$635,000

8 beds4.5 baths3,496 sq ft

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Cory Spink • Made Out West Land Company, LLC

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Listing provided by WVMLS

NEW CONSTRUCTION

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Mark Shadrin • Berkshire Hathaway HomeServices Real Estate Professionals

FOR SALE BY OWNER

$575,000

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Built 1976 • Listed 9 days

New listings for sale in 97301

NEW 5 HRS AGO

$335,000

3 beds2 baths1,263 sq ft

2250 Hyde St SE, Salem, OR 97301

Two units • Investment portfolio • 6,098 sq ft lot

Listing provided by WVMLS

$364,900

3 beds2 baths1,248 sq ft

2440 Vallejo St, Salem, OR 97301

Fenced backyard • Bonus room • Functional kitchen

Angelica Arredondo • Rocha Realty LLC

3D WALKTHROUGH

$135,000

3 beds2 baths1,493 sq ft

4730 Auburn Rd NE #68, Salem, OR 97301

Gated community • Swimming pool • New roof

Listing provided by WVMLS

$489,900

3 beds2 baths1,493 sq ft

4716 Milo Ave NE, Salem, OR 97301

Prime lot • Maximum privacy • Cambria quartz

Listing provided by WVMLS

$352,500

1 bed1 bath902 sq ft

295 Church St SE #408, Salem, OR 97301

Downtown salem • Near salem hospital • In-unit laundry

Listing provided by WVMLS

$430,000

3 beds2 baths1,667 sq ft

1230 Church St NE, Salem, OR 97301

Updated home • Spacious yard • Patio

Listing provided by WVMLS

3D WALKTHROUGH

$359,500

3 beds2 baths1,410 sq ft

1090 18th St NE, Salem, OR 97301

Wrap-around porch • Updated kitchen • Mature fruit trees

Listing provided by WVMLS

$749,000

8 beds6 baths3,866 sq ft

441 Norway St NE, Salem, OR 97301

Gas appliances • Granite counters • Great rental history

Gabe Terreson • Savi Realty, Inc.

COMING SOON

$289,900

2 beds3 baths1,296 sq ft

3672 Bell Rd, Salem, OR 97301

Open floor plan • Spacious living room • Updated baths

Troy Morris • Excel Real Estate

Home values near 3660 State St

Data from public records.

Address	Redfin Estimate
3740 State Street, Salem, OR 3 Beds \| 1 Baths \| 1284 Sq. Ft.	$285,839
3690 State Street, Salem, OR 3 Beds \| 1 Baths \| 1536 Sq. Ft.	$330,545
155 37th Avenue Southeast, Salem, OR 3 Beds \| 1 Baths \| 1576 Sq. Ft.	$342,853
215 37th Avenue Southeast, Salem, OR 2 Beds \| 2 Baths \| 2824 Sq. Ft.	$428,633
190 37th Avenue Southeast, Salem, OR 4 Beds \| 2 Baths \| 1912 Sq. Ft.	$394,118
150 37th Avenue Southeast, Salem, OR 3 Beds \| 2 Baths \| 1160 Sq. Ft.	$344,398
205 37th Avenue Southeast, Salem, OR 4 Beds \| 1 Baths \| 1308 Sq. Ft.	$374,639

Address	Redfin Estimate
3770 State Street, Salem, OR - Beds \| - Baths \| 6768 Sq. Ft.	—
3707 State Street, Salem, OR 1 Beds \| 1 Baths \| 396 Sq. Ft.	—
3672 Maly Place Southeast, Salem, OR 2 Beds \| 2 Baths \| 692 Sq. Ft.	$335,553
120 37th Avenue Southeast, Salem, OR 3 Beds \| 2 Baths \| 1026 Sq. Ft.	$356,846
130 37th Avenue Southeast, Salem, OR 3 Beds \| 2 Baths \| 1706 Sq. Ft.	$359,622
3725 La Branch Street Southeast, Salem, OR 3 Beds \| 1 Baths \| 935 Sq. Ft.	$326,107
160 37th Avenue Southeast, Salem, OR 2 Beds \| 1 Baths \| 906 Sq. Ft.	$248,576

Address	Redfin Estimate
3650 State Street, Salem, OR 2 Beds \| 1 Baths \| 1117 Sq. Ft.	$272,578
180 37th Avenue Southeast, Salem, OR 3 Beds \| 2 Baths \| 1188 Sq. Ft.	—
3652 Maly Place Southeast, Salem, OR 3 Beds \| 2 Baths \| 1048 Sq. Ft.	$405,377
3718 La Branch Street Southeast, Salem, OR 2 Beds \| 1 Baths \| 968 Sq. Ft.	$318,095
140 37th Avenue Southeast, Salem, OR 3 Beds \| 2 Baths \| 1288 Sq. Ft.	$360,139
195 37th Avenue Southeast, Salem, OR 3 Beds \| 2 Baths \| 1522 Sq. Ft.	$385,528
131-137 37th Avenue Southeast Unit 137, Salem, OR 8 Beds \| 4 Baths \| 3560 Sq. Ft.	—

Property information provided by undefined .

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About this home

Redfin Estimate

Earn from this home

Market trends in 97317, OR

Sale history for 3660 State St

Tax history for 3660 State St

Public record

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 97301

Home values near 3660 State St

More real estate resources