4434-4440 Lancaster Dr NE, Salem, OR 97305

Local realty services provided by:Knipe Realty ERA Powered
Listed by:shareef hagagAgent: 503-510-2607
Office:homesmart realty group
MLS#:834211
Source:OR_WVMLS
4434-4440 Lancaster Dr NE,Salem, OR 97305
$799,900
  • - Beds
  • 4 Baths
  • 3,591 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$799,900
  • Price per sq. ft.:$222.75

About this home

House hack 101 alert! 1 Unit left unrented for owner occupant financing potential! Live in one of the units allows for 5% down payment opportunity! Great way to build your asset equity over time! Or buy as an investment with an estimated CAP of 8.36% using potential $6400 a month in total rents ($1600 per unit). “Big ticket” updates done makes for huge value on this one! ALL units painted inside and out, ALL new flooring, baths redone, lighting, and exterior paint for a clean look! Major plumbing and sewer line replacements includes, ALL new drain line system as well! Done by LOCAL licensed plumbing company! New electrical panels for ALL units done by licensed local electrician! Major crawl space work includes sealing and vapor barrier! New roof in 2019! Conveniently located near shops, college, and bus lines! Whether you’re looking for an investment property or your first house-hack, this 4-plex “pencils” even with these rates!

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Home facts

  • Year built:1964
  • Listing ID #:834211
  • Added:1 day(s) ago
  • Updated:October 03, 2025 at 12:57 AM

Rooms and interior

  • Total bathrooms:4
  • Living area:3,591 sq. ft.

Structure and exterior

  • Roof:Shake
  • Year built:1964
  • Building area:3,591 sq. ft.
  • Lot area:0.31 Acres

Schools

  • High school:McKay
  • Middle school:Adam Stephens
  • Elementary school:Hayesville

Utilities

  • Water:City

Finances and disclosures

  • Price:$799,900
  • Price per sq. ft.:$222.75
  • Tax amount:$4,731 (2024)
MLS LogoBased on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

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