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Property profile & analytics
OFF-MARKET Estimated value $935,000
Apartment buildings

835 Piedmont NW Ave 1 Salem, OR 97304-3700

7,568 SF 0.57 ac lot Built 1997
Individually Owned Absentee Owner Free & Clear
Property ID
US71-0754714
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1997
Total area 7,568 SF
Lot 0.57 ac (24,829 SF)
Zoning code RS
APN 07321-CA-02501
UPID US71-0754714
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.29M
Comparable Approach Comparable
$585k
Blend (final) Blend
$935k
Owner & transaction history
RONALD O IRA FRANZKE
RONALD O IRA FRANZKE
Zoning & alternative use
RS · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

to the development standards of the Single Family Residential (RS) zone set forth in SRC chapter 511 , except the lot size and dimensions standards, and to all other applicable provisions of the UDC. (C) Option to rebuild in same location. Notwithstanding SRC 525.010 (a)(1)(A) and (B), any continued development housing a continued single family use or associ…

Zone name Single Family Residential
General category RESIDENTIAL
Zone area 8,212.87 ac
Source code of ordinances
Top alternative use upside
Warehouse, storage $1.5M +25.1%
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