Park views, big lot, priced for quick improvement.
Estimate anchored to the provided list price of $399,900 and adjusted for size (1,748 sf), condition notes (value-add required), park adjacency premium, and typical Salem/Marion County market comparables.
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.
4274 5th St, Hubbard, OR 97032
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.
Strong immediate recreation due to backing Barendse Park — easy backyard access to green space, neighborhood walks, and outdoor play.
Hubbard sits within the Salem MSA and functions as an affordable commuter/community alternative to Salem. In early 2026 the local market is balanced: median single‑family sale prices in the broader Marion County area hover around the upper $300Ks to low $400Ks, days on market average in the 30s, and inventory is tight enough that distinctive homes (park adjacency, larger lots, multiple bedrooms) receive consistent interest. A property priced for light renovation like this one should attract both investor buyers and owner‑occupiers seeking value. Expect competitive offers if the finish scope and pricing align with market comps; sellers who present clear inspection and permit history will win buyer confidence faster.
See where the property research came from and how confidence varies by field.