For SaleRisky Deal23 days on market
505 18th St SE
505 18th St SE, Salem, OR 97301, Salem, OR 97301
$209,000
Estimate®:$206,500
Listing Price
505 18th St SE, Salem, OR 97301
Loc: Salem, OR
Days Listed
23
Tax Assessed
$217k
Estimate®
$207k
Market Rate
Lot Size
3,049 sqft
Rent Estimate
$1,687/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
5
Richmond Elementary School
K-5
0.4 mi away
5
Leslie Middle School
6-8
2.1 mi away
5
South Salem High School
9-12
1 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
craftsmanbungalowwhite sidingblue front doorgabled rooffront porchlandscaped lawncozytraditionalwood sidingcurb appealresidentialsingle-story
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.88%
Total ROI
86.6%
Cash Flow
$-61/mo
DSCR
0.94
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-61/mo net cash flow with a 5.9% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.9%)
- • Strong rental demand in Salem
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-01 | Listed for sale | $209,000 | $311 |
| 2025-10-20 | Listing removed | $270,000 | $402 |
| 2025-07-08 | Price change | $270,000 | $402 |
| 2025-05-31 | Price change | $285,000 | $424 |
| 2025-05-21 | Price change | $297,900 | $443 |
| 2025-05-13 | Price change | $299,900 | $446 |
| 2025-04-29 | Price change | $309,900 | $461 |
| 2025-04-25 | Listed for sale | $319,900 | $476 |
| 2023-01-31 | Sold | $245,000 | $365 |
| 2023-01-02 | Pending sale | $225,000 | $335 |
| 2022-10-26 | Listed for sale | $245,000 | $365 |
| 2022-08-02 | Listing removed | $0 | – |
| 2022-07-05 | Contingent | $225,000 | $335 |
| 2022-06-13 | Listed for sale | $225,000 | $335 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $1,705.82 | $83,030 |
| 2024 | $1,582.9 | $80,620 |
| 2023 | $1,536.38 | $76,000 |
| 2022 | $0 | $76,000 |
| 2021 | $0 | $73,790 |
| 2020 | $1,408.64 | $69,570 |
| 2019 | $1,359.24 | $0 |
| 2018 | $1,341.9 | $0 |
| 2017 | $1,341.9 | $0 |
| 2016 | $1,153.69 | $0 |
| 2015 | $1,153.69 | $0 |
| 2014 | $1,162.45 | $0 |
| 2013 | $1,075.58 | $0 |
| 2012 | $1,075.58 | $0 |
| 2011 | $1,029.21 | $54,960 |
| 2010 | $987.32 | $51,810 |
| 2009 | $976.39 | $51,810 |
| 2008 | $921.34 | $50,310 |
| 2007 | $892.28 | $0 |
| 2006 | $877.78 | $0 |
| 2005 | $860.28 | $0 |
| 2004 | $864.08 | $0 |
| 2003 | $824.06 | $0 |
| 2002 | $804.27 | $0 |
| 2001 | $780.01 | $0 |
| 2000 | $755.84 | $0 |
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