4274 5th St, Hubbard, OR 97032

Here’s a rare find in Hubbard: a five‑bedroom, two‑bath tri‑level that backs directly to Barendse Park and sits on a deep, usable 9,147‑sqft lot. Priced at $399,900, this home already has several upgrades in place, yet a handful of finishing projects remain — the lower bathroom needs completion, the rear deck requires minor repairs, and a few cosmetic touches will bring the interior to the next level. Those modest investments will meaningfully increase market appeal and resale value.

Inside, the tri‑level footprint provides distinct living zones ideal for family life or an investor planning multiple rental bedrooms. The principal living area flows to an outdoor deck and a backyard that opens onto parkland — a feature that’s uncommon for this price segment and that creates an instant lifestyle amenity for buyers. The extra bedrooms give flexibility for home offices, guest rooms, or tenant rooms if used as a rental. Systems and finishes reflect the home’s 1971 vintage; buyers should expect a scope of work centered on cosmetic refresh and completing the downstairs bath.

This property is a practical play for investors and owner‑occupiers alike: finish the outstanding items and list in the current balanced Marion County market, or complete a light rehab and convert to a higher‑rent single‑family asset. The lot supports future ideas — landscaping, a detached garage, or an outdoor entertaining area — subject to city approvals. Sellers are motivated; the list price reflects the value‑add potential and the park adjacency premium.

Schedule a showing to walk the property and the rear yard that steps into Barendse Park. Bring your contractor and a short punch‑list: with targeted work this home will compete strongly in Hubbard’s mid‑market.

Hubbard is a small, community‑oriented city south of Salem with tree‑lined residential streets, local parks, and a mix of older and updated homes. The area draws buyers looking for a quieter neighborhood with short commutes into Salem or convenient access to I‑5. Neighborhood amenities are family friendly and many lots in central Hubbard offer more space than typical in nearby suburban developments.