Financial
Distress signals
Property profile

228 Stoneway NW Dr 100 Salem, OR 97304

OFF-MARKET
Apartment buildings
Property ID
US71-0911685
7,696 SF 0.47 ac lot Built 2000
Last sale Mar 2004 · $1,040,000
Individually Owned Owner of record is an individual. 22-yr Hold Held for 22 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$622k
Assessed land$52k
Assessed improvement$570k
Effective rate1.88%

Value estimate

· Sep 2026
$610k
$549k – $671k
AI approach$610k
CAP approach$1.31M
Submarket $/SF estimate$1.35M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$156/SF
County average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$102 – $199

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RM2
The purpose of the Multiple Family Residential-II (RM-II) Zone is to implement the multiple family residential designation of the Salem A...
General categoryRESIDENTIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.4
Law Firm12.6
HVAC Service10.6

Location

228 Stoneway NW Dr, Unit 100 Salem, OR 97304-3552
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1053 Ruge NW, Salem, OR 97304-3968 $1,690,000 Jul 2024 4,103 SF
890 Cascade NW, Salem, OR 97304-3764 $280,000 Feb 2024 3,912 SF
1225 8th NW, Salem, OR 97304-3708 $1,180,000 Jun 2021 7,244 SF
805 Gerth NW, Salem, OR 97304-3757 $875,000 May 2020 6,200 SF
1031 7th NW, Salem, OR 97304-3971 $500,000 Feb 2019 4,140 SF
1143 6th NW, Salem, OR 97304-3960 $1,415,000 Jan 2019 10,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 228 Stoneway NW Dr, Unit 100?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message