New Multifamily Infill
1380 Saginaw St S Salem, OR 97302
1380 Saginaw St S, Salem, OR, 97302
Contact for pricing
For Sale
Contact for pricing
New multifamily property in desirable location near central business district.
Property Size2,884 SF
Price / SF$390.08
Days on Market53
Property Features for 1380 Saginaw St S
General Information
- Standard status
- Active
- Size
- 2,884 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 226
Listing Agency
Capacity Commercial Group
(503) 588-7395
Listed by
Curt Arthur · License #910200259
Source
Crexi
Added: May 26 Checked: Jul 16 at 4:28 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capacity Commercial Group
Investment Insights
Based on property information with market context.
This new infill development features a multifamily property with a total size of 2884 square feet. The property includes two 2-bedroom/2-bath units and two 1-bedroom/1-bath units. It is situated in a desirable and quiet location, approximately six blocks from the central business district.
Key Highlights
- New infill development.
- Desirable and quiet location.
- Close proximity (6 blocks) to the central business district.
Local Financial Insights For Multifamily LT 5
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 | $53.0k | $18.36 |
| − Vacancy | −$3.5k | −$1.20 |
| EGI | $49.5k | $17.16 |
| − OpEx | −$14.8k | −$5.15 |
| NOI | $34.6k | $12.01 |
2,884 SF · lease $18.36/SF/yr · vacancy 6.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$494.8K
$433.0K – $577.3K
NOI $34,637 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$455.7K
$398.7K – $531.6K
NOI $31,898 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$765.7K
$670.0K – $893.4K
NOI $53,601 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - New multifamily property in desirable location near central business district.
Where is this quadplex located?
The property is located at 1380 Saginaw St S Salem, OR.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: New infill development.; Desirable and quiet location.; Close proximity (6 blocks) to the central business district.
