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Updated 2 hours ago

401 Madrona Ave #5 SE


Salem, OR

2 Bed
•
1 Bath

990 Sq. Ft.

Available Now
Floor plans
2 Beds • 1 Bath
$1,550
990 ft2
1 Available
Managed By: Providence Property Services, LLC dba Northwest Pacific Property Mgt
-
$1,550
Available Now
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401 Madrona Ave #5 SE
401 Madrona Ave #5 SE
401 Madrona Ave #5 SE
Location ratings
Walk Score®
79
Very Walkable
Transit Score®
35
Some Transit
Bike Score®
68
Bikeable
Property details
Description

✨ Stunningly Updated 2-Bedroom Apartment – Move-In Ready! ✨
Step into comfort and style with this beautifully updated 2 Bedroom, 1 Bath apartment offering approximately 1,000 sq. ft. of thoughtfully designed living space. Located on the second level, this home blends modern finishes with a functional layout perfect for both relaxing and entertaining.
Plus, enjoy being just minutes away from markets, shopping centers, dining, and everyday conveniences — everything you need is right around the corner!

Additional Details
Total Unit Count: 1
Last Updated: Updated 2 hours ago
Contact Number: (503) 362-0030
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Comcast Corporation 987.0 35.0
CenturyLink, Inc. 940.0 940.0
ViaSat, Inc. 100.0 3.0
Adaptive Broadband 50.0 50.0
Alyrica Networks, Inc. 40.0 5.0
Data from June 2020 provided by the FCC
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 401 Madrona Ave #5 SE by bedroom type below.
2 Bedroom
Suggested income:
$55,800
per year
Rent report

401 Madrona Ave #5 SE Rent vs. Salem Average

 401 Madrona Ave #5 SE      Salem Average
2BR
$1,550
$1,524
$0
$550
$1,100
$1,650
$2,200

401 Madrona Ave #5 SE is asking 2% more than the average 2 bedroom apartment in Salem.

If you upsized to an average priced Salem 3 bedroom apartment, you would pay 28% more per month.

If you downsized to an average priced Salem 1 bedroom apartment, you would pay 19% less per month.

401 Madrona Ave #5 SE provides 7% more square footage than the average Salem 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
401 Madrona Ave #5 SE
2BR $1,550 $1.60 $4,650
Salem Average
Studio $1,135 $2.70 $3,404
1BR $1,281 $2.00 $3,844
2BR $1,524 $1.70 $4,573
3BR $2,128 $1.70 $6,383
4BR $2,502 $1.30 $7,506

Availability in Salem

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 476 2BR units on the market in Salem. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
4% 25% 55% 14% 1%
Available Units in Salem
Studio 34
1BR 215
2BR 476
3BR 124
4BR 8
Location
Nearby Colleges

Willamette University

Chemeketa Community College

Nearby Hospitals
Name Distance
Salem Hospital 2.01 mi.
Oregon State Hospital Salem 3.1 mi.
West Valley Hospital 12.94 mi.
Nearby Fire Stations
Name Distance
Salem Fire Department 2.31 mi.
Salem Fire & Ems Department 2.57 mi.
Marion Fire/Ems 2.57 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in now.
What's the square footage of the available units?
It's 990 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
How many bedrooms are in the available units?
There are 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
401 Madrona Ave #5 SE has a 2 bedroom unit starting at $1,550.
Where is this property located?
This property is at 401 Madrona Ave #5 SE in Salem, OR. It's 2.6 miles southwest from the center of Salem.
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