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    664 Thompson Ave Salem, OR 97301

    For Sale
    $650,000

    MULTI_FAMILY - Salem, OR

    Property size:
    3,744 SF
    Lot size:
    0.13 Acres
    Days on Market:
    43
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 664 Thompson Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM2
    Rooms
    Bedroom 8, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 7, Bedroom 3, Bedroom 6, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 5
    Bedrooms
    8
    APN
    567559
    Size
    3,744 SF
    Lot size
    0.13 Acres

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1966
    Floors in Building
    2
    Number of units
    4
    Roof type
    Composition

    Keller Williams Realty Portland Central (503) 548-4848 [email protected]

    Listing agent Nick Shivers (503) 548-4848

    Listing date Oct 24, 2025

    MLS# 728481833 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Well-Maintained Salem Fourplex

    This well-maintained fourplex in Salem, Oregon, presents a fantastic income opportunity for investors or owner-occupants. The property features four units, each with two bedrooms and one bathroom. Three units are currently tenant-occupied, while the fourth is owner-occupied, providing immediate income potential. Each spacious unit includes a comfortable living room, a dining area, and a well-equipped kitchen with all appliances and ample cupboard space. The bedrooms are nicely sized, and the bathrooms feature a convenient tub/shower combo. Residents benefit from off-street parking, a fenced front yard area, and a shared coin-operated community laundry room for added convenience. The property is ideally located just minutes from a wide variety of restaurants, shopping options, and neighborhood parks. The lot size is 0.13 acres and the property size is 3744 square feet. The zoning is RM2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.011347
    Latitude
    44.941073

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property with income potential near restaurants and parks.
    Where is this quadplex located?
    The property is located at 664 Thompson Ave Salem, OR.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Immediate income potential with three tenant-occupied units.; - Well-maintained 4-plex with four 2-bedroom, 1-bath units.; - Suitable for investors or owner-occupants.
    (503) 548-4848
    Request Owner's contact information
    664 Thompson Ave Salem, OR 97301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    664 Thompson Ave Salem, OR 97301
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