Townhouse-Style Fourplex with New
For Sale
$799,900
1725 Salishan St, Salem, OR 97302
Four attached units offer private decks, laundry hookups, and dedicated single-car garages.
Property Size4,336 SF
Price / SF$184.48
Days on Market53
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Property Features for 1725 Salishan St
General Information
Standard status
Active
Size
4,336 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Amenities
washer/dryer hookups
private deck
low-maintenance landscaping
Building Details
Year Built
1976
Listing Agency:
HomeSmart Realty Group
Listed By:
Brian Smith
(503) 364-9596
Source:
Christiesrealestateevg
Added: Aug 24
Changed: Oct 11
Last Checked: Oct 7 at 5:25PM
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
Investment Insights
Based on property information with market context.
This 4,336-square-foot, townhouse-style fourplex was built in 1976 and includes four separately configured residences. Each unit provides two bedrooms, one-and-a-half bathrooms, washer and dryer hookups, a private deck, and an attached single-car garage. The property also includes landscaped grounds and on-site parking. A roof replacement was completed in 2020.
The fourplex is located on Salishan ST in South Salem, near Pringle Creek, with a tree-lined setting. Its unit configuration, individual garages, outdoor space, and laundry connections provide practical features for a residential income property.
The fourplex is located on Salishan ST in South Salem, near Pringle Creek, with a tree-lined setting. Its unit configuration, individual garages, outdoor space, and laundry connections provide practical features for a residential income property.
Key Highlights
- Fourplex containing four townhouse‑style units
- Each residence includes 2 bedrooms and 1.5 bathrooms
- Each unit has a private deck and attached single‑car garage
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
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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 - Four attached units offer private decks, laundry hookups, and dedicated single-car garages.
Where is this quadplex located?
The property is located at 1725 Salishan St 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: Fourplex containing four townhouse‑style units; Each residence includes 2 bedrooms and 1.5 bathrooms; Each unit has a private deck and attached single‑car garage
