For SaleRisky Deal43 days on market
1551 Market St NE
1551 Market St NE, Salem, OR 97301, Salem, OR 97301
$285,000
Estimate®:$281,000
Listing Price
1551 Market St NE, Salem, OR 97301
Loc: Salem, OR
Days Listed
43
Tax Assessed
$349k
Estimate®
$281k
Market Rate
Lot Size
5,040 sqft
Rent Estimate
$2,016/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
Englewood Elementary School
K-5
0.3 mi away
3
Parrish Middle School
6-8
0.5 mi away
4
North Salem High School
9-12
0.5 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
ranch stylesingle storyhorizontal lap sidingattached garageasphalt drivewaysuburbanwindow air conditionerneutral exteriorcomposition shingle roofpaved parkingutility orientedmid-century influence
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.93%
Total ROI
65.9%
Cash Flow
$-309/mo
DSCR
0.79
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-309/mo net cash flow with a 4.9% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Salem, OR
- • Long-term capital appreciation corridor
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 |
|---|---|---|---|
| 2026-09-18 | Price change | $285,000 | $244 |
| 2026-08-11 | Listed for sale | $299,900 | $257 |
| 2026-05-06 | Listing removed | $320,000 | $274 |
| 2026-03-18 | Price change | $320,000 | $274 |
| 2026-02-20 | Price change | $330,000 | $283 |
| 2026-02-11 | Listed for sale | $335,000 | $287 |
| 2015-09-25 | Sold | $89,000 | $76 |
| 2015-07-29 | Price change | $99,900 | $86 |
| 2015-06-25 | Listed for sale | $116,900 | $100 |
| 2015-06-19 | Sold | $70,834 | $61 |
| 2014-05-16 | Listing removed | $103,000 | $88 |
| 2014-05-02 | Price change | $103,000 | $88 |
| 2014-04-19 | Listed for sale | $80,000 | $69 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,415.95 | $166,270 |
| 2024 | $3,169.57 | $161,430 |
| 2023 | $3,076.12 | $152,170 |
| 2022 | $2,990.11 | $152,170 |
| 2021 | $2,904.68 | $147,740 |
| 2020 | $2,820.03 | $139,270 |
| 2019 | $2,720.99 | $0 |
| 2018 | $2,686.18 | $0 |
| 2017 | $2,686.18 | $0 |
| 2016 | $2,309.38 | $0 |
| 2015 | $2,309.38 | $0 |
| 2014 | $1,948.63 | $0 |
| 2013 | $1,862.69 | $0 |
| 2012 | $1,862.69 | $0 |
| 2011 | $1,782.2 | $95,170 |
| 2010 | $1,709.73 | $89,710 |
| 2009 | $1,690.65 | $89,710 |
| 2008 | $1,595.05 | $87,100 |
| 2007 | $1,544.78 | $0 |
| 2006 | $1,519.58 | $0 |
| 2005 | $1,489.31 | $0 |
| 2004 | $1,495.89 | $0 |
| 2003 | $1,426.59 | $0 |
| 2002 | $1,392.32 | $0 |
| 2001 | $1,350.23 | $0 |
| 2000 | $1,308.38 | $0 |
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