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    730 Cottage St NE Salem, OR 97301

    Picture of Triplexes at Cottage St NE 730, Salem, OR
    For Sale
    $575,000

    Triplex - Salem, OR

    Type:Triplex
    Property size:
    3,271 SF
    Lot size:
    0.23 Acres
    Days on Market:
    40
    Last Refresh:
    Dec 7 at 3:06 pm

    Property Features for 730 Cottage St NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room
    Bedrooms
    5
    Bathrooms
    4
    APN
    570403
    Interior features
    Handicap Amenities
    Exterior features
    Area/Room for RV/Camper
    Basement Y/N
    1
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Dishwasher, Garbage Disposer, Washer
    Size
    3,271 SF
    Lot size
    0.23 Acres

    Building Details

    Year built
    1925
    Flooring type
    Carpet, Wood
    Architectural style
    Other

    EXP REALTY LLC (888) 814-9613 [email protected]

    Listing agent KEVIN PENA ACEVES (888) 814-9613

    Listing date Oct 29, 2025

    MLS# 834147 Listing URL

    Copyright © 2025 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.

    Overview

    Charming Triplex Near Downtown Salem

    This charming triplex is located near downtown Salem. The property features a main 3-bedroom, 2-bathroom home with a basement that offers potential for an Additional Dwelling Unit (ADU). Additionally, there are two rented 1-bedroom, 1-bathroom cottages on the premises. The property, situated on a 0.23-acre lot, offers approximately 3271 square feet of living space. A cosmetic refresh could unlock significant value. Its location is near Willamette University and Salem Hospital, making it an ideal opportunity for a house hack or investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0302058
    Latitude
    44.945405

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    FAQs

    What type of property is this?
    Triplex - Triplex near downtown Salem with ADU potential and rental cottages.
    Where is this triplex located?
    The property is located at 730 Cottage St NE Salem, OR.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Triplex property with a main 3BD/2BA home and two rented 1BD/1BA cottages.; - Prime location near Willamette University and Salem Hospital.; - Main home includes a basement with ADU (Accessory Dwelling Unit) potential.
    (888) 814-9613
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    730 Cottage St NE Salem, OR 97301
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    Salem, OR 97301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    730 Cottage St NE Salem, OR 97301
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