4561 Chippewa Ct SE, Salem, OR 97317
Well-maintained duplex featuring updated amenities and stable rental history.
- Added:
- Mar 11, 2026
- Days on Market:
- 115
- Last Refresh:
- Mar 19 at 10:33 pm
Property Features for 4561 Chippewa Ct SE
General Information
- Standard status
- Active
- Size
- 2,130 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1975
Listing office SMI Real Estate (541) 646-0650
Listing date Mar 11, 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
- Two 3 bed, 1 bath units, each 1,065 SF
- Newer roof, exterior paint, and fencing
- Stable rental history with long‑term tenants
- Located on a quiet cul‑de‑sac
- Each unit includes a single‑car garage
- Each unit has private patios and washer/dryer hookups
Overview
Local 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 | $39.1k | $18.36 |
| − Vacancy | −$2.6k | −$1.20 |
| EGI | $36.5k | $17.16 |
| − OpEx | −$11.0k | −$5.15 |
| NOI | $25.6k | $12.01 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -122.96826
- Latitude
- 44.91805
