New Construction
New
For Sale
$825,000
Denali St SE lot 26, Salem, OR 97302
Multi Family, Salem, OR
Property Size2,846 SF
Lot Size0.17 Acres
Price / SF$289.88
Days on Market1
Property Features for Denali St SE lot 26
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
RS
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 5, Bathroom 5, Bathroom 4, Bedroom 4, Bathroom 6, Bathroom 3, Bedroom 6, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Patio and Porch features
Patio
Subdivision
Jackson Ridge
Lot features
Lot: 26
View
Territorial
Elementary school
Pringle
Middle school
Judson
High school
South Salem
Directions
Boone Rd to Denali
Standard status
Active
Size
2,846 SF
Lot size
0.17 Acres
Utilities
Heating system
Forced Air, Central, Natural Gas
Building Details
Year built
2027
Number of units
2
Flooring type
Tile, Laminate
Roof type
Shingle
Listing Agency:
HOMESMART REALTY GROUP · HomeSmart International
(971) 599-5865
Listed By:
ILYA MAKARENKO
(503) 409-3738
Added: Oct 20
Last Checked: Oct 20 at 11:06PM
MLS# 846766
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.
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Investment Insights
Based on property information with market context.
Planned construction on a 0.17-acre lot includes a duplex totaling 2,846 square feet. Each residence is designed with three bedrooms, 2.5 baths, a custom kitchen, and a laundry room. Tile and laminate flooring, forced-air central natural gas heat, and shingle roofing are specified. The property is under construction, with completion planned for 2027.
Both units are to include an attached one-car garage, a patio, and a fully fenced, landscaped yard. RS zoning is identified for the site.
Both units are to include an attached one-car garage, a patio, and a fully fenced, landscaped yard. RS zoning is identified for the site.
Key Highlights
- Duplex planned for 2027 on a 0.17‑acre lot
- 2,846‑square‑foot building with two three‑bedroom, 2.5‑bath units
- Each residence planned with a custom kitchen and laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,181
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,620
$683.6K
Cap Rate 7%
$488,300
$488.3K
Cap Rate 9%
$379,789
$379.8K
Market Conditions
NOI Build-Up for 2,846 SF
Gross rent
$52.3K $18.36/SF
− Vacancy
−$3.4K −$1.20/SF
EGI
$48.8K $17.16/SF
− OpEx
−$14.6K −$5.15/SF
NOI
$34.2K $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%
$683,620
Cap Rate 7%
$488,300
Cap Rate 9%
$379,789
Alternative Uses
Best Use
Multifamily LT 5
$488.3K
$427.3K – $569.7K
NOI $34,181 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$449.7K
$393.5K – $524.6K
NOI $31,478 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$755.6K
$661.2K – $881.6K
NOI $52,895 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Explore this area
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?
Duplex - Two attached homes are planned with private yards, patios, and garages for each residence.
Where is this duplex located?
The property is located at Denali St SE lot 26 Salem, OR.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Duplex planned for 2027 on a 0.17‑acre lot; 2,846‑square‑foot building with two three‑bedroom, 2.5‑bath units; Each residence planned with a custom kitchen and laundry room
