1348-1366 12th St SE, Salem, OR, 97302
About This Home
This 10 unit complex was completely renovated in 2017. 100% occupied and attaining solid rents on a good unit mix. In place property management. Assumable financing for a qualified purchaser. Fixed rate at 4.030%. Loan matures in 2032.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1910
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Fiber Cement
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Electric Range,Electric Water Heater,Refrigerator
- Laundry features: Common Area
Features
- Flooring: Carpet,Laminate,Vinyl
Heating
- Heating features: Electric
Interior Area
- Total structure area: 5,528
- Total interior livable area: 5,528 sqft
Property
Details
- Zoning: CG
Features
- Fencing: Partial
Lot
- Lot size: 0.33 Acres
- Features: Irrigation System,Landscaped
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Strong Wind
- Heat Wave
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Marion County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,343 | $100,116 |
| Home Insurance * | $393 | $4,716 |
| Property Taxes | $1,141 | $13,692 |
| Electricity | $501 | $6,020 |
| Total | $10,378 | $124,536 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-06 | Listed for sale | $1,650,000 |
View on Zillow