Multiunit investment opportunity! This townhouse-style fourplex is tucked along a tree-lined street in South Salem near Pringle Creek. Spacious, well-maintained units each offer 2 bedrooms, 1.5 bathrooms, washer/dryer hookups, a private deck, and an attached single-car garage. Low-maintenance landscaping, ample parking, a strong rental history, and low vacancy make this an outstanding investment. New roof in 2020. Two units are below market rent, offering excellent upside potential.
For sale
Listed by: Homesmart Realty Group • BRIAN SMITH • Contact: Agent: 503-551-8510
$814,900
1725-1731 Salishan St SE, Salem, OR 97302
8beds
6baths
4,336sqft
:
Get pre-qualified$5,659/mo
Quadruplex
Built in 1976
-- sqft lot
$795,500 Zestimate®
$188/sqft
$-- HOA
What's special
Ample parkingWell-maintained unitsTree-lined streetAttached single-car garagePrivate deckLow-maintenance landscaping
- 18 days |
- 341 |
- 18 |
Zillow last checked:
Listing updated:
Listed by:
BRIAN SMITH Agent:503-551-8510,
Homesmart Realty Group
Source: WVMLS,MLS#: 843873
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
Dining room
- Features: Area (Combination)
Heating
- Electric, Zoned, Ductless/Mini-Split
Appliances
- Included: Dishwasher, Disposal, Electric Range, Range Included, Electric Water Heater, Refrigerator
- Laundry: W/D Hookup
Features
- Flooring: Carpet, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 4,336
- Total interior livable area: 4,336 sqft
Property
Parking
- Parking features: Garage
Features
- Patio & porch: Deck
- Exterior features: Green
- Has water view: Yes
- On waterfront: Yes
- Waterfront features: Waterfront
Lot
- Size: 0.29 Acres
- Features: Dimension Above, Landscaped
Details
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Wood Siding, T111, Lap Siding
- Foundation: Continuous
- Roof: Composition
Condition
- New construction: No
- Year built: 1976
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Laguna Village South II S
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Price per square foot: $188/sqft
- Annual tax amount: $6,982
- Price range: $814.9K - $814.9K
- Date on market: 7/25/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Total actual rent: 5855
Estimated market value
$795,500
$756,000 - $835,000
$1,682/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/25/2026 | Listed for sale | $814,900+39.3%$188/sqft |
Source:  WVMLS #843873 Report a problem | ||
| 6/18/2026 | Price change | $1,695-5.6% |
Source: Zillow Rentals Report a problem | ||
| 5/13/2026 | Price change | $1,795+12.5% |
Source: Zillow Rentals Report a problem | ||
| 5/1/2026 | Listed for rent | $1,595 |
Source: Zillow Rentals Report a problem | ||
| 7/21/2020 | Listing removed | $585,000$135/sqft |
Source: KELLER WILLIAMS CAPITAL CITY #765342 Report a problem | ||
| 6/25/2020 | Listed for sale | $585,000$135/sqft |
Source: KELLER WILLIAMS CAPITAL CITY #765342 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Morningside
Nearby schools
GreatSchools rating
- 8/10Morningside Elementary SchoolGrades: K-5Distance: 0.6 mi
- 5/10Leslie Middle SchoolGrades: 6-8Distance: 0.6 mi
- 5/10South Salem High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Morningside
- Middle: Leslie
- High: South Salem
Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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