Townhouse-Style Fourplex with Private
1725-1731 Salishan St SE Salem, OR 97303
New
For Sale
$814,900
MULTI_FAMILY - Salem, OR
Property Size4,336 SF
Lot Size0.29 Acres
Price / SF$187.94
Days on Market6
Property Features for 1725-1731 Salishan St SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM2
Bedrooms
8
Bathrooms
6
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 7, Bathroom 5, Bedroom 5, Bedroom 8, Bathroom 3, Bathroom 6, Bathroom 4, Bedroom 6, Bedroom 4, Bedroom 2
Patio and Porch features
Deck
Standard status
Active
APN
580382
Size
4,336 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Annual Amount
6982
Utilities
Heating system
Ductless (Heating), Electric (Heating), Zoned
Water front
1
Building Details
Year built
1976
Number of units
4
Flooring type
Vinyl, Carpet
Roof type
Composition
Listing Agency:
HOMESMART REALTY GROUP
(971) 599-5865
Listed By:
BRIAN SMITH
(503) 551-8510
Added: Jul 24
Changed: Jul 26
Last Checked: Jul 29 at 4:06PM
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.
Investment Insights
Based on property information with market context.
This townhouse-style fourplex is comprised of four residential units, each offering two bedrooms and 1.5 bathrooms. Each unit includes washer/dryer hookups, a private deck, and an attached single-car garage. The property is described as having low-maintenance landscaping and ample parking. A new roof was installed in 2020.
The property is located at 1725–1731 Salishan St SE in Salem, Oregon, in South Salem near Pringle Creek, along a tree-lined street.
With RM2 zoning, the site is positioned for multi-family use consistent with a four-unit residential configuration.
The property is located at 1725–1731 Salishan St SE in Salem, Oregon, in South Salem near Pringle Creek, along a tree-lined street.
With RM2 zoning, the site is positioned for multi-family use consistent with a four-unit residential configuration.
Key Highlights
- Townhouse‑style fourplex with units featuring 2 bedrooms and 1.5 bathrooms each
- Each unit includes washer/dryer hookups, a private deck, and an attached single‑car garage
- New composition roof installed in 2020
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 | $79.6k | $18.36 |
| − Vacancy | −$5.2k | −$1.20 |
| EGI | $74.4k | $17.16 |
| − OpEx | −$22.3k | −$5.15 |
| NOI | $52.1k | $12.01 |
4,336 SF · lease $18.36/SF/yr · vacancy 6.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$743.9K
$651.0K – $867.9K
NOI $52,076 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$685.1K
$599.5K – $799.3K
NOI $47,957 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,587 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex in RM2 zoning features four townhouse-style units with private decks, washer/dryer hookups, and attached single-car garages.
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 $814,900.
What are key features of this property?
This property features: Townhouse‑style fourplex with units featuring 2 bedrooms and 1.5 bathrooms each; Each unit includes washer/dryer hookups, a private deck, and an attached single‑car garage; New composition roof installed in 2020
