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1735 Market St NE, Salem, OR, 97301

8beds
7baths
5,659sqft
$1,200,000
$212price/sqft
$7,738/moest. monthly cost
$309,520/yrincome needed

About This Home

The original cottage cluster consists of six 1 bed, 1 bath units and one 2 bed 1 bath with basement unit. Some units have attached garages. 3 storage garages plus room to park on the blacktop off the ally access. Well maintained units and grounds. Several updates like LVP flooring and some bathroom remodels. All appliances have been updated. This should be an easy keeper!

Getting Around

68
WalkingSomewhat Walkable
41
TransitSome Transit
78
BikeVery Bikeable

Schools

4/10
3/10
Parrish Middle SchoolGrades 6-80.6 mi
4/10
North Salem High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1949

Materials

  • Foundation: Continuous
  • Roof: Composition,Shingle,Tile
  • Construction materials: Fiber Cement,Wood Siding,Lap Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Electric Range,Range Included,Electric Water Heater,Refrigerator
  • Laundry features: W/D Hookup

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 7

Dining Room

  • Features: Area (Combination)

Features

  • High Speed Internet
  • Flooring: Carpet,Laminate,Vinyl

Heating

  • Heating features: Electric,Baseboard,Zoned

Interior Area

  • Total structure area: 5,659
  • Total interior livable area: 5,659 sqft

Property

Details

  • Zoning: RS
  • Exclusions: Tenant owned property

Features

  • Patio & porch: Patio
  • Exterior features: Tan
  • Fencing: Partial
  • Frontage length: 212

Lot

  • Lot size: 0.56 Acres
  • Features: Irregular Lot,Landscaped
  • Lot size dimensions: 212 x 162

Parking

  • Parking features: Garage 1,Gravel 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters in Marion County and Oregon

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $6,067$72,804
Home Insurance *$328$3,936
Property Taxes $830$9,960
Electricity $513$6,162
Total$7,738$92,856
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$265,302/yr
40% on housing$232,140/yr
45% on housing$206,346/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.7%
6.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$212This listing

vs Other Active Listings

Avg $/sqft

ZIP 97301$183
Marion County$231

vs Homes Sold Last Month

Median $/sqft

ZIP 97301$269
Marion County$278

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-20Listed for sale$1,200,000
2024-04-29Listing removed$1,200,000
2023-07-06Listed for sale$1,200,000
2015-06-25Sold$437,500
2014-07-23Listing removed$665
2014-07-16Listed for rent$665
2013-10-19Listing removed$630
2013-02-01Listed for rent$630

For Sale by Agent

AgentCHET GRAHAM
BrokerageRealty First Llc

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