








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Salem at 923 Fir St S, Salem, OR, 97302 earns from $4,558/mo rent with a $3,965/mo payment. Total monthly income totals $4,558/mo. ROI tracks 18.57% on current figures, and rental yield reads 6.75% at a $810,000 purchase. Equity gained on principal adds $5,227/yr, and 5% annual appreciation supports $223,788 over five years. Five-year ROI reaches 95.42% and total cumulative return in cash sums $254,283. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,558/mo property income instead of your personal income.
Multi Family
Built in 1960
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97302, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,440 (100%) |
| Owner Occupied HU | 10,373 (56.3%) |
| Renter Occupied HU | 7,247 (39.3%) |
| Vacant Housing Units | 820 ( 4.4%) |
| Median Home Value | $492,171 |
| Average Home Value | $541,750 |
Residential
17,376
Single Family
15,481
Multi-Family
1,895
Businesses
2,021
Date | Event | Price |
|---|---|---|
| 2025-05-24 | Listed for sale | $810,000 |
| 2017-03-09 | Sold | $430,000 |
| 2015-09-05 | Listing removed | $625 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Matt Killen • Crown Real Estate Group
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #638981549
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-05-28 12:06:57 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.