2522 Simpson St SE, Salem, OR 97301
Eight-unit apartment complex in Salem with strong income potential.
- Added:
- Jan 21, 2026
- Days on Market:
- 166
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 2522 Simpson St SE
General Information
- Standard status
- Active
- Size
- 4,202 SF
- Lot size
- 0.30 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1971
Listing office SMI Real Estate
Listing date Jan 21, 2026
Source Crexi
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 SMI Real Estate
HighLights
- Strong in‑place income
- Attractive price per unit
- Well located in SE Salem
- 8 unit garden‑style apartment complex
- 11 surface parking spaces
- Common laundry and patios
Overview
Local Financial Insights For Apartment 5plus
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 | $90.8k | $21.60 |
| − Vacancy | −$6.3k | −$1.49 |
| EGI | $84.5k | $20.11 |
| − OpEx | −$38.0k | −$9.05 |
| NOI | $46.5k | $11.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.0100248
- Latitude
- 44.9289116
