Four-Unit Townhouse-Style
For Sale
$799,900
1725-1731 Salishan St SE, Salem, OR 97302
Each residence includes private outdoor space, laundry hookups, and an attached garage.
Property Size4,336 SF
Price / SF$184.48
Days on Market64
Property Features for 1725-1731 Salishan St SE
General Information
Standard status
Active
Size
4,336 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Amenities
washer/dryer hookups
private deck
attached single-car garage
low-maintenance landscaping
Building Details
Year Built
1976
Construction
townhouse-style
Listing Agency:
HOMESMART REALTY GROUP
Listed By:
BRIAN SMITH
(503) 364-9596
Source:
Thesanchezteamoregon
Added: Aug 13
Changed: Oct 14
Last Checked: Oct 7 at 4:30PM
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 HOMESMART REALTY GROUP
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Investment Insights
Based on property information with market context.
This 4,336-square-foot quadplex contains four townhouse-style residences, each with two bedrooms, one and a half bathrooms, washer and dryer hookups, a private deck, and an attached single-car garage. The property was built in 1976 and received a new roof in 2020.
Set along Salishan St SE in South Salem, the property is near Pringle Creek and features low-maintenance landscaping with ample parking. The unit layout provides consistent features across all four residences, while the attached garages and private decks add practical separation and convenience.
Set along Salishan St SE in South Salem, the property is near Pringle Creek and features low-maintenance landscaping with ample parking. The unit layout provides consistent features across all four residences, while the attached garages and private decks add practical separation and convenience.
Key Highlights
- Four townhouse‑style units totaling 4,336 square feet
- Each unit offers 2 bedrooms and 1.5 bathrooms
- Private deck, washer/dryer hookups, and attached single‑car garage per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,076
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,041,520
$1.0M
Cap Rate 7%
$743,943
$743.9K
Cap Rate 9%
$578,622
$578.6K
Market Conditions
NOI Build-Up for 4,336 SF
Gross rent
$79.6K $18.36/SF
− Vacancy
−$5.2K −$1.20/SF
EGI
$74.4K $17.16/SF
− OpEx
−$22.3K −$5.15/SF
NOI
$52.1K $12.01/SF
Area
Salem, OR
Vacancy
6.55%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,041,520
Cap Rate 7%
$743,943
Cap Rate 9%
$578,622
Alternative Uses
Best Use
Multifamily LT 5
$743.9K
$651.0K – $867.9K
NOI $52,076 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$685.1K
$599.5K – $799.3K
NOI $47,957 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,587 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
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Business Placement
Demographics for 97302, OR
39,776
Population
17,888
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
23.5 sq mi
ZIP Area
1,693
Density / Sq Mi
$83,697
Median Household Income
$44,623
Median Earnings
$1,230
Median Rent
$415,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes private outdoor space, laundry hookups, and an attached garage.
Where is this quadplex located?
The property is located at 1725-1731 Salishan St SE Salem, OR.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Four townhouse‑style units totaling 4,336 square feet; Each unit offers 2 bedrooms and 1.5 bathrooms; Private deck, washer/dryer hookups, and attached single‑car garage per unit
