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4775 Gardner Rd SE, Salem, OR, 97302

4beds
2baths
1,770sqft
$398,000
$225price/sqft
$2,968/moest. monthly cost
$118,720/yrincome needed

About This Home

Incredible Opportunity with Endless Potential in SE Salem! Bring your toolbelt and your imagination to this 4-bedroom, 2-bathroom single-story home situated on a spacious 0.18-acre lot in the highly desirable Faye Wright, Judson, and Sprague school districts. Whether you are an investor looking for your next project or a buyer eager to build sweat equity, this property offers a fantastic canvas to create something truly special. The main home features an inviting layout with a cozy wood-burning fireplace in the living room, a functional kitchen/dining combination, gas heating, and central AC. A previous garage conversion adds versatile square footage, currently configured as a bedroom and a dedicated work area. Accessibility features are already in place, including ramps at both the front door and back patio.The real highlight of this property lies in the backyard! You'll find a massive 396 sq. ft., two-story detached studio equipped with a half bath—perfect for an artistic retreat, a home workshop, a private office, or a potential dual-living setup. An additional 10x10 tool shed provides plenty of extra storage for all your gear.The fully fenced yard also includes space/room for an RV. Conveniently located near shopping, parks, and easy city access, this home is being sold as-is and is ready for its next chapter. Schedule your showing today and explore the possibilities!

Getting Around

39
WalkingCar-Dependent
31
TransitSome Transit
48
BikeSomewhat Bikeable

Schools

4/10
Wright Elementary SchoolGrades K-50.6 mi
6/10
Judson Middle SchoolGrades 6-80.2 mi
6/10
Sprague High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1963

Materials

  • Foundation: Continuous
  • Roof: Composition
  • Construction materials: Lap Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Built-In Range,Gas Range,Gas Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Features: Area (Combination)

Features

  • Flooring: Carpet,Tile,Wood
  • Fireplace features: Living Room,Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Natural Gas,Heat Pump
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,770
  • Total interior livable area: 1,770 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Property

Accessibility

  • Accessibility features: Handicap Amenities - See Remarks

Details

  • Parcel number: 594550

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered Deck
  • Exterior features: White
  • Fencing: Fenced

Lot

  • Lot size: 7,875 sqft

Parking

  • Parking features: Attached
  • Has garage: Yes

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

  • Heat Wave
    Heat WaveRelatively High
  • Earthquake
    EarthquakeModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Earthquake
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters in Marion County and Oregon

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

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

MonthlyAnnual
Mortgage $2,012$24,144
Home Insurance *$94$1,128
Property Taxes $686$8,232
Electricity $176$2,119
Total$2,968$35,616
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$101,760/yr
40% on housing$89,040/yr
45% on housing$79,146/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

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.

Insurance Growth Rate5-year average: 6.7%
6.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$225This listing

vs Other Active Listings

Avg $/sqft

ZIP 97302$237
Marion County$231

vs Homes Sold Last Month

Median $/sqft

ZIP 97302$247
Marion County$278

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

DateEventPrice
2026-07-08Price change$398,000
2026-06-15Price change$415,000
2026-05-21Listed for sale$430,000
2017-08-03Sold$270,000
2007-01-31Sold$211,600

For Sale by Agent

AgentKEVAN WILLES
BrokerageKeller Williams Realty Portland Premiere

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