For SaleRisky Deal4 days on market
1875 23rd St NE
1875 23rd St NE, Salem, OR 97301, Salem, OR 97301
$398,000
Estimate®:$397,600
Listing Price
1875 23rd St NE, Salem, OR 97301
Loc: Salem, OR
Days Listed
4
Tax Assessed
$372k
Estimate®
$398k
Market Rate
Lot Size
6,970 sqft
Rent Estimate
$2,314/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
0.5 mi away
3
Parrish Middle School
6-8
1 mi away
4
North Salem High School
9-12
0.9 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
Single Family Residence1942Natural Gas, Forced AirCentral Air1 Attached Garage space6,970 sqft4 Days$302
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.12%
Total ROI
48.3%
Cash Flow
$-700/mo
DSCR
0.66
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-700/mo net cash flow with a 4.1% 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 |
|---|---|---|---|
| 2026-09-19 | Listed for sale | $398,000 | $302 |
| 2025-01-20 | Listing removed | $369,000 | $280 |
| 2022-01-19 | Sold | $366,000 | $278 |
| 2021-12-13 | Contingent | $369,000 | $280 |
| 2021-12-03 | Listed for sale | $369,000 | $280 |
| 2015-07-01 | Sold | $164,800 | $125 |
| 2015-05-08 | Listed for sale | $160,000 | $122 |
| 2002-10-02 | Sold | $119,000 | $90 |
| 2002-06-11 | Sold | $72,000 | $55 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,374.24 | $164,240 |
| 2024 | $3,130.85 | $159,460 |
| 2023 | $3,038.65 | $150,320 |
| 2022 | $2,953.78 | $150,320 |
| 2021 | $2,869.52 | $145,950 |
| 2020 | $2,785.83 | $137,580 |
| 2019 | $2,687.99 | $0 |
| 2018 | $2,653.6 | $0 |
| 2017 | $2,653.6 | $0 |
| 2016 | $2,281.3 | $0 |
| 2015 | $2,281.3 | $0 |
| 2014 | $1,844.45 | $0 |
| 2013 | $1,763.11 | $0 |
| 2012 | $1,763.11 | $0 |
| 2011 | $1,686.9 | $90,080 |
| 2010 | $1,618.3 | $84,920 |
| 2009 | $1,600.38 | $84,920 |
| 2008 | $1,509.88 | $82,450 |
| 2007 | $1,462.2 | $0 |
| 2006 | $1,438.34 | $0 |
| 2005 | $1,409.7 | $0 |
| 2004 | $1,416.06 | $0 |
| 2003 | $1,350.46 | $0 |
| 2002 | $1,317.92 | $0 |
| 2001 | $1,278 | $0 |
| 2000 | $1,238.37 | $0 |
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