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    Property profile & analytics

    424 Ctr NE St Salem, OR 97301-3624

    • Apartment buildings
    • 59,174 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 20, 2021
    $1,000,000
    Location Intelligence
    Property ID
    US71-0513596
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rivenwood Salem / Apartment Rental Agency

    Property Details for 424 Ctr NE St

    Year built
    1979
    Lot size
    0.69 lot acres
    Property size
    59,174 SF
    Zone code
    CB
    Property type
    Apartment buildings
    APN
    073W22DC05100
    APU
    073W22DC05100

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.037
    Latitude
    44.9429
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,121
    $0.00
    $0.00
    $895,500
    -
    $895,500
    $50,590
    $946,090

    Comparable in this City

    • Value Estimation by Request
      2.54 Acres

      777 Commercial SE St

      APARTMENT HOUSE (5+ UNITS) • 2.54 Acres
      777 Commercial SE St, Salem, OR 97301-3421
      View Details
    • Value Estimation by Request
      772 SF

      777 Commercial SE St, Unit 410

      APARTMENT HOUSE (5+ UNITS) • 772 SF
      777 Commercial SE St, Salem, OR 97301-0067
      View Details
    • Value Estimation by Request
      1,006 SF

      777 Commercial SE St, Unit 508

      APARTMENT HOUSE (5+ UNITS) • 1,006 SF
      777 Commercial SE St, Salem, OR 97301-0066
      View Details
    • Value Estimation by Request
      1,539 SF

      777 Commercial SE St, Unit 513

      APARTMENT HOUSE (5+ UNITS) • 1,539 SF
      777 Commercial SE St, Salem, OR 97301-0066
      View Details
    • Value Estimation by Request
      31,033 SF

      325 13th NE St

      APARTMENT HOUSE (5+ UNITS) • 31,033 SF
      325 13th NE St, Salem, OR 97301-2200
      View Details
    • Value Estimation by Request
      0.23 Acres

      777 Commercial SE St, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 0.23 Acres
      777 Commercial SE St, Salem, OR 97301-3421
      View Details

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    424 Ctr NE St
    Salem, OR 97301-3624
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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