$580,000
$15K PRICE DROP

2870 Lancaster Dr NE Unit 2890 Salem, OR 97305

North Lancaster Neighborhood

Estimated payment $3,341/month

Total Views 2,439
6 Beds
3 Baths
2,208 Sq Ft
$263 Price per Sq Ft

Highlights

  • Territorial View
  • Forced Air Heating System
  • 4-minute walk to McKay Park
  • Fenced Yard
  • High Speed Internet

About This Home

Well-maintained triplex in a highly accessible Salem location. Updates include a new roof and renovated interior. Each unit offers dependable rental appeal with proximity to shopping, transit, and major employers. A strong investment property located directly across the street from 2910 Lancaster Dr NE, also available for purchase. Interior photos available.

Listing Agent

HUNTER GRAY

SMI REAL ESTATE License #201253760 Listed on: 08/21/2025

SMI REAL ESTATE

Co-Listing Agent

Dane McKinney

SMI REAL ESTATE License #201246066

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,187

Year Built

  • Built in 1954

Lot Details

  • 7,841 Sq Ft Lot
  • Fenced Yard

Home Design

  • Triplex

Interior Spaces

  • 2,208 Sq Ft Home
  • Territorial Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 12

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,187

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Triplex
  • Syndicated Remarks: Well-maintained triplex in a highly accessible Salem location. Updates include a new roof and renovated interior. Each unit offers dependable rental appeal with proximity to shopping, transit, and major employers. A strong investment property located directly across the street from 2910 Lancaster Dr NE, also available for purchase. Interior photos available.
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3
  • Total Bedrooms: 6

Exterior Features

  • Fenced Yard: Yes
  • Siding: Composite
  • View: Territorial

Utilities

  • Heating: Gas, Forced Air
  • High Speed Comm Access: Available
  • Water: Connected, City
  • Water Heater: Gas, Electric
  • Sewer: City

Lot Info

  • Acres: 0.18
  • Lot: 12
  • Property Use Type: Investment
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2024
  • Tax Amount: 3187

Multi Family

  • Number Of Units: 3

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,188 $176,830 -- --
2023 $3,014 $171,680 $0 $0
2022 $2,848 $166,680 $0 $0
2021 $2,824 $161,830 $0 $0
2020 $2,745 $157,120 $0 $0
2019 $2,682 $152,550 $0 $0
2018 $2,719 $0 $0 $0
2017 $2,110 $0 $0 $0
2016 $1,986 $0 $0 $0
2015 $1,935 $0 $0 $0
2014 $1,717 $0 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/02/2025 10/02/25 Price Changed $580,000 -2.5% $263 / Sq Ft
08/21/2025 08/21/25 For Sale $595,000 +70.0% $269 / Sq Ft
11/05/2021 11/05/21 Sold $350,000 0.0% $159 / Sq Ft View Prior Sale
11/05/2021 11/05/21 For Sale $350,000 -- $159 / Sq Ft
10/07/2021 10/07/21 Pending -- -- --
Source: Willamette Valley MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $350,000 Amerititle
Warranty Deed $350,000 Amerititle
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $280,000 Commercial
Closed $280,000 Commercial
Source: Public Records

Source: Willamette Valley MLS

MLS Number: 832854

Willamette Valley MLS

APN: 553568

Oregon Marion County Salem 97305 North Lancaster

2870 Lancaster Dr NE Unit 2890, Salem, OR

This home is located at 2870 Lancaster Dr NE Unit 2890, Salem, OR 97305 and is currently priced at $580,000, approximately $262 per square foot. This property was built in 1954. 2870 Lancaster Dr NE Unit 2890 is a home located in Marion County with nearby schools including Scott Elementary School, Waldo Middle School, and McKay High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

Nearby Homes
HUNTER GRAY
Listing Agent
HUNTER GRAY
Section Image
SMI REAL ESTATE
(503) 445-6703