Property profile

500 4th St Salem, OH 44460

OFF-MARKET
Apartment buildings
Property ID
US66-2259329
59,912 SF 2.17 ac lot Built 1977
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1977
Total area 59,912 SF
Lot 2.17 ac (94,438 SF)
APN 51-07157-000
UPID US66-2259329

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building

Location

500 4th St Salem, OH 44460-2994
Salem metro Census 950600 SALEM, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.15M
CAP Approach CAP
$5.78M
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.15M

Owner & transaction history

since 2024
Last sale
$4.2M
2 recorded transactions
2025
Price N/A
2024
$4.2M

Zoning & alternative use

Top alternative use upside
Medical building $6.8M +34.4%
Auto repair, garage $6.5M +28.1%
Commercial (general) $6.5M +28.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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