Garden-Style 47-Unit
4169 Campus Lp NE Salem, OR 97305
4169 Campus Lp NE, Salem, OR, 97305
$10,000,000
For Sale
Under Contract
$10,000,000
MULTI_FAMILY - Salem, OR
Property Size43,626 SF
Lot Size2.98 Acres
Price / SF$229.22
Days on Market286
Property Features for 4169 Campus Lp NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM
- Standard status
- Active Under Contract
- APN
- 522311
- Size
- 43,626 SF
- Lot size
- 2.98 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 52368
Building Details
- Year built
- 1981
- Number of units
- 2
Listing agency
HOMESMART REALTY GROUP
(971) 599-5865
Listed by
ZACHARY ZEEK
(503) 551-8836
Added: Oct 10, 2025 Updated: Jun 3 at 8:49PM Checked: Jul 22 at 2:06PM
MLS# 834441
Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is a 47-unit multifamily complex featuring a low-density, garden-style design. It includes ample parking on site, supporting resident and guest needs across the community. The offering is being presented as accepted with contingencies.
Located in Salem, Oregon (Marion County), the address is 4169 Campus Lp NE, Salem, OR 97305. The site covers 2.98 acres, and the building size is listed at 43,626 square feet.
This configuration can appeal to buyers seeking a larger residential income asset with a garden-style layout and on-site parking. The listing notes that financial information is available to qualified parties upon request, which can be useful for underwriting and due diligence. Prospective buyers should review the available financials and property details during the contingency period and verify all information through their advisors.
Located in Salem, Oregon (Marion County), the address is 4169 Campus Lp NE, Salem, OR 97305. The site covers 2.98 acres, and the building size is listed at 43,626 square feet.
This configuration can appeal to buyers seeking a larger residential income asset with a garden-style layout and on-site parking. The listing notes that financial information is available to qualified parties upon request, which can be useful for underwriting and due diligence. Prospective buyers should review the available financials and property details during the contingency period and verify all information through their advisors.
Key Highlights
- 47‑unit multi‑family property in Salem
- Year built: 1981
- Low‑density garden‑style design
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $942.3k | $21.60 |
| − Vacancy | −$65.0k | −$1.49 |
| EGI | $877.3k | $20.11 |
| − OpEx | −$394.8k | −$9.05 |
| NOI | $482.5k | $11.06 |
43,626 SF · lease $21.60/SF/yr · vacancy 6.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$6.89M
$6.03M – $8.04M
NOI $482,516 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.58M
$10.14M – $13.51M
NOI $810,815 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Garden-style multifamily property with 47 units and ample on-site parking in Salem, Oregon.
Where is this apartment building located?
The property is located at 4169 Campus Lp NE Salem, OR.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: 47‑unit multi‑family property in Salem; Year built: 1981; Low‑density garden‑style design
