2880 Lancaster Dr NE, Salem, OR, 97305
About This Home
See this well-maintained triplex in a highly accessible Salem location with recent capital improvements including a new roof and gutters. Each unit offers strong rental appeal with convenient access to shopping, public transit, and major employers. An excellent opportunity for owner-occupants or investors seeking a stable addition to their portfolio. Located directly across the street from 2910 Lancaster Dr NE, also available for purchase, refer to MLS#832855
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1954
Materials
- Construction materials: Composite
Type & Style
- Home type: MultiFamily
- Property subType: Triplex
Interior
Appliances
- Appliances included: Electric Water Heater,Gas Water Heater
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Heating features: Natural Gas,Forced Air
Interior Area
- Total structure area: 2,208
- Total interior livable area: 2,208 sqft
Property
Details
- Parcel number: 553568
Features
- Fencing: Fenced
- Has view: Yes
- View description: Territorial
Lot
- Lot size: 7,840 sqft
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
- Heat Wave
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Marion County and Oregon
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,856 | $34,272 |
| Home Insurance * | $137 | $1,644 |
| Property Taxes | $866 | $10,392 |
| Electricity | $200 | $2,404 |
| Total | $4,059 | $48,708 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-07 | Listed for sale | $565,000 |
| 2026-05-04 | Contingent | $565,000 |
| 2026-02-16 | Listed for sale | $565,000 |
| 2026-01-13 | Listing removed | $580,000 |
| 2025-10-02 | Price change | $580,000 |
| 2025-08-21 | Listed for sale | $595,000 |
| 2021-11-18 | Sold | $350,000 |
View on Zillow