Updated Duplex with
New
For Sale
$435,000
1760 -1780 Hines St, Salem, OR 97301
Two-unit property with hardwood floors, private fenced yards, patios, and individual garage spaces.
Property Size1,704 SF
Days on Market5
Property Features for 1760 -1780 Hines St
General Information
Standard status
Active
Size
1,704 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,224
Building Details
Building Size
1,704 SF
Year Built
1958
Listing Agency:
NED BAKER REAL ESTATE
(503) 881-5286
Listed By:
LEVI WILSON · License #200111024
(503) 881-5286
Source:
Harcourtselite
Added: Aug 17
Changed: Aug 21
Last Checked: Aug 21 at 7:55AM
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 NED BAKER REAL ESTATE
Investment Insights
Based on property information with market context.
Built in 1958, this duplex offers two residential units with hardwood flooring, fully fenced backyards, patios, and single-car garages. Each unit includes washer and dryer hookups with a sink. The brick exterior is complemented by vinyl windows, ductless mini-split heating and cooling, newer garage doors, and plumbing updated within the past 10 years.
The property is located at 1760–1780 Hines St in Salem, near shopping, schools, Willamette University, and I-5 access. Its combination of separate outdoor areas, garage parking, and unit-level laundry infrastructure provides a practical residential configuration.
The property is located at 1760–1780 Hines St in Salem, near shopping, schools, Willamette University, and I-5 access. Its combination of separate outdoor areas, garage parking, and unit-level laundry infrastructure provides a practical residential configuration.
Key Highlights
- Two‑unit duplex at 1760–1780 Hines St in Salem, OR
- Hardwood flooring in each unit
- Fully fenced backyards with patios
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,465
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$409,300
$409.3K
Cap Rate 7%
$292,357
$292.4K
Cap Rate 9%
$227,389
$227.4K
Market Conditions
NOI Build-Up for 1,704 SF
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.
Gross rent
$31.3K $18.36/SF
− Vacancy
−$2.0K −$1.20/SF
EGI
$29.2K $17.16/SF
− OpEx
−$8.8K −$5.15/SF
NOI
$20.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$409,300
Cap Rate 7%
$292,357
Cap Rate 9%
$227,389
Alternative Uses
Best Use
Multifamily LT 5
$292.4K
$255.8K – $341.1K
NOI $20,465 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$269.2K
$235.6K – $314.1K
NOI $18,847 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$452.4K
$395.9K – $527.8K
NOI $31,670 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,648
Businesses Nearby
Explore this area
Business Placement
Demographics for 97301, OR
56,393
Population
21,419
Households
2.6
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
11.3 sq mi
ZIP Area
4,991
Density / Sq Mi
$57,497
Median Household Income
$33,220
Median Earnings
$1,197
Median Rent
$310,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with hardwood floors, private fenced yards, patios, and individual garage spaces.
Where is this duplex located?
The property is located at 1760 -1780 Hines St Salem, OR.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two‑unit duplex at 1760–1780 Hines St in Salem, OR; Hardwood flooring in each unit; Fully fenced backyards with patios
