About This Home

This 5-bedroom, 4-bathroom residential multi family at 1385 HINES St in Salem, OR is listed for $580,000 ($230 per sqft). Built in 1920, the home offers 2,525 sqft of living space on a 0.29 acres lot.

Key Features

  • Built in 1920
  • 0.29 acre lot

Property Details

4 full
1920
Listing Description

Tons of value in this Salem 4 plex! Two separate buildings - the front building is a nicely converted, classic bungalow, with three units. The back building is a stand-alone 2 bed/1 bath house. Main building features a 2 bedroom/1 bath unit, an upstairs studio, and a 1 bedroom unit at the rear of the home.

Stand alone house boasts 2 bedrooms, 1 bath, and enjoys a quiet, private setting. Fully rented! Lots of interior updates in 2021, newer Hardi siding on the front house, tons of parking for tenants and a wonderful central location, close to Willamette University, and all the best of downtown Salem. This is a solid rental with lots of potential!

Monthly Cost Estimate

$3,102/mo

20% down · 6.5% · 30 years

Principal$419
Interest$2,513
Insurance$169

Estimates only. Actual payments may vary.

Location

1385 HINES St

Salem, OR 97302

Property Details

Heating

Baseboard

Questions & Answers

This 5-bedroom, 4-bathroom residential multi family at 1385 HINES St is listed at $580,000 ($230/sqft). The estimated monthly payment is $3,102 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1920, 0.29 acre lot.

This property is listed by Tom Ramsey.

TR

Tom Ramsey

Agent at John L Scott Portland South

Listed by John L Scott Portland South · Broker phone: (503) 656-6656 · View on Broker Site · Broker website

MLS# 787729274· Source: Regional Multiple Listing Services· 97 days on PropertySimple

Copyright © 2026 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.

1385 HINES St, Salem, OR 97302

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