New Construction
New
For Sale
$825,000
Lot 26 Denali St SE, Salem, OR 97302
Each residence is planned with three bedrooms, two-and-a-half baths, an attached garage, and a private yard.
Property Size2,846 SF
Price / SF$289.88
Days on Market7
Property Features for Lot 26 Denali St SE
General Information
Standard status
Active
Size
2,846 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Neighborhood
Southwest Association of Neighbors (Swan)
Highway Access
Yes
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
1
Building Details
Year Built
2027
Buildings
1
Listing Agency:
Excel Real Estate
(503) 507-3368
Listed By:
Matin Real Estate
(503) 208-8406
Source:
Portlandrealestate
Added: Oct 23
Changed: Oct 28
Last Checked: Oct 28 at 7:25AM
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 Excel Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This planned duplex comprises two residences, each with three bedrooms, two-and-a-half baths, a custom kitchen, and a dedicated laundry room. High-end finishes are planned throughout, along with an attached deep one-car garage for each unit. The property is to be built by Comfort Homes LLC following acceptance of an offer, with buyers able to select amenities and finishes.
The grounds are planned to be fully fenced and landscaped, with large yards. The property is in South Salem, next to Cambridge Estates, with schools, shopping, parks, and I-5 access noted nearby.
The grounds are planned to be fully fenced and landscaped, with large yards. The property is in South Salem, next to Cambridge Estates, with schools, shopping, parks, and I-5 access noted nearby.
Key Highlights
- Two residences, each with 3 bedrooms and 2.5 baths
- Attached deep one‑car garage for each unit
- Buyer may select amenities and finishes
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
152
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence is planned with three bedrooms, two-and-a-half baths, an attached garage, and a private yard.
Where is this duplex located?
The property is located at Lot 26 Denali St SE 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: Two residences, each with 3 bedrooms and 2.5 baths; Attached deep one‑car garage for each unit; Buyer may select amenities and finishes
