Four-Unit Townhouse
1725-1731 Salishan St SE, Salem, OR 97302
For Sale
$775,000
Multi Family, Salem, OR
Property Size4,336 SF
Lot Size0.29 Acres
Price / SF$178.74
Days on Market114
Property Features for 1725-1731 Salishan St SE
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Subdivision
Lot features
View
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water front
Amenities
washer/dryer hookups
private deck
low-maintenance landscaping
Building Details
Year built
Number of units
Flooring type
Roof type
Listing Agency:
HOMESMART REALTY GROUP · HomeSmart International
(971) 599-5865
Listed By:
BRIAN SMITH
(503) 551-8510
Added: Jul 24
Changed: Nov 13
Last Checked: Nov 14 at 2:06AM
MLS# 843873
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.
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Investment Insights
Based on property information with market context.
Located at 1725-1731 Salishan St SE, this 4336-square-foot quadplex occupies 0.29 acres and contains four townhouse-style residences. Each unit includes two bedrooms, 1.5 bathrooms, washer/dryer hookups, a private deck, and an attached single-car garage. Interior finishes include vinyl and carpet flooring, while heating is provided by electric systems, wall furnaces, and ductless equipment. The property was built in 1976 and received a new composition roof in 2020.
The property is in South Salem near Pringle Creek and includes low-maintenance landscaping and ample parking. It carries RM2 zoning and has a low-vacancy rental history. Two units are currently leased below market rent.
The property is in South Salem near Pringle Creek and includes low-maintenance landscaping and ample parking. It carries RM2 zoning and has a low-vacancy rental history. Two units are currently leased below market rent.
Key Highlights
- Four‑unit property totaling 4336 square feet on 0.29 acres
- Each residence has 2 bedrooms and 1.5 bathrooms
- Private deck and attached single‑car garage for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,076
Cap Rate
6.72%
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 6.72%
Second Best
Apartment 5plus
$685.1K
$599.5K – $799.3K
NOI $47,957 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,587 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence combines two bedrooms, one-and-a-half baths, laundry hookups, a deck, 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 $775,000.
What are key features of this property?
This property features: Four‑unit property totaling 4336 square feet on 0.29 acres; Each residence has 2 bedrooms and 1.5 bathrooms; Private deck and attached single‑car garage for every unit
