# 745 NE 16TH St, Salem, OR 97301

> **TL;DR:** 4bd/3ba single family, $464,000 ($195/sqft), built 1926, 2,378 sqft.
> View, A/C. Est. $2,011/mo. Listed 127 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $464,000 |
| Price/sqft | $195 |
| Bedrooms | 4 |
| Bathrooms | 2 full, 1 half |
| Square Feet | 2,378 |
| Year Built | 1926 |
| Lot Size | 7,841 sqft (0.18 acres) |
| Stories | 3 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 127 |

## Why This Home Stands Out

- **Views** - Territorial

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,011 |
| **Total** | **$2,011** |

## Nearby Schools

- **Elementary:** Englewood
- **Middle:** Parrish
- **High:** North Salem

## Key Amenities

- View
- A/C

## Property Highlights

- Built in 1926
- 0.18 acre lot
- 3 stories

## Description

### Agent Description
Turnkey investment with instant cash flow upon closing! This 4 bed, 2.5 bath has room for everyone. Great renters with a lease until July 2026. This well maintained beauty has hardwood floors, new appliances, waterproofed basement with lifetime warranty, and new wall insulation. The huge back yard has excellent ADU potential with pre-approved plans from the city, convenient alley access, and easily accessible utilities. Cap rate 6.2%, GRM 13.1. Tenant occupied. Do not disturb tenants. Offer contingent upon interior inspection.

## Location

- **Address:** 745 NE 16TH St, Salem, OR 97301
- **County:** Marion
- **Neighborhood:** ENGLEWOOD
- **Coordinates:** 44.942942, -123.018149
- **Google Maps:** https://www.google.com/maps?q=44.942942,-123.018149

## Listing Agent

- **Name:** Neil Nelson
- **Brokerage:** Premiere Property Group, LLC
- **Phone:** 5034441070
- **Email:** neil@nelsonshometeam.com

## Primary Photo

![745 NE 16TH St - Primary Photo](http://lh.rdcpix.com/c70c86b8e0d95924cba208cffbbcadffl-f1145545675r.jpg)

*32 total photos available on [listing page](https://www.propertysimple.com/listing/745-ne-16th-st-salem-or-97301-37229774)*

---

**MLS#:** 637229774 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/745-ne-16th-st-salem-or-97301-37229774)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "745 NE 16TH St, Salem, OR 97301",
  "description": "Turnkey investment with instant cash flow upon closing! This 4 bed, 2.5 bath has room for everyone. Great renters with a lease until July 2026. This well maintained beauty has hardwood floors, new appliances, waterproofed basement with lifetime warranty, and new wall insulation. The huge back yard has excellent ADU potential with pre-approved plans from the city, convenient alley access, and easily accessible utilities. Cap rate 6.2%, GRM 13.1. Tenant occupied. Do not disturb tenants. Offer cont",
  "url": "https://www.propertysimple.com/listing/745-ne-16th-st-salem-or-97301-37229774",
  "image": "http://lh.rdcpix.com/c70c86b8e0d95924cba208cffbbcadffl-f1145545675r.jpg",
  "datePosted": "2026-04-24",
  "price": 464000,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "745 NE 16TH St",
    "addressLocality": "Salem",
    "addressRegion": "OR",
    "postalCode": "97301",
    "addressCountry": "US"
  },
  "geo": {
    "@type": "GeoCoordinates",
    "latitude": 44.942942,
    "longitude": -123.018149
  },
  "numberOfRooms": 4,
  "numberOfBathroomsTotal": 3,
  "floorSize": {
    "@type": "QuantitativeValue",
    "value": 2378,
    "unitCode": "FTK"
  },
  "yearBuilt": 1926
}
```