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Lancaster Terrace apartments in Salem, OR

Updated

Lancaster Terrace

4510 N Newcastle Cir NE, Salem, OR 97305, USA

2.8 (9 reviews) Official Website

Live pricing, refreshed

1
Units Listed
$1,261
Starting at
$1,261
Average
$1,261
Highest
$1.53
Per Sq Ft

How does this compare? View Salem 97305 rent trends

Price History

Timeframe

Property Price Trend

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

  • Building size: stated by the property itself
  • Occupancy: building size minus currently listed units
  • Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: high (building size is reported).

Est. Monthly Revenue

$127K

$1.5M annual run rate

Est. Occupancy

99%

of about 104 units (reported building size)

Effective Rent on New Leases

$1,238

vs $1,261 current asking ($23 negotiation gap)

Recent Lease Activity

7 units tracked; 6 assumed leased, 1 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

  • +30 pts: 15+ units currently listed
  • +25 pts: Active move-in specials
  • +20 pts: Deep discounts (>$150/mo off)
  • +15 pts: 5+ distinct floor plans
  • +10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

1

Limited availability

1 floor plan

Move-in Specials

0

No active promotions

Negotiation Leverage

Limited leverage

The available listings show few signs of room to negotiate.

Price vs. Salem, OR

Similar
Claxter Crossing
$996
Lancaster Terrace
$1,261

Comparing this building against 1 similar Salem, OR apartments by price. Click any bar to view that building.

See rent trends on the Salem, OR map Explore Salem, OR on the interactive map

Available Units

1 units

Select a unit to see its larger layout, price history, and link to the rental site.

Filter by unit features

Match all selected features. Layout filters use this unit’s matched floor plan. Missing details do not mean a feature is absent.

Unit features
Accessibility listedPro

Counts show listed matches. Accessibility labels do not describe every access need. Confirm specific features with leasing.

2 Bed / 1 Bath Unit 4460
$1,261/mo
826 ft² · $1.53/ft²

Base rent

Available: Oct 13, 2026

Garages and parking

Parking, wellness and pet policy details for this building are available to Pro members: garage type and any monthly fee, bike storage, EV charging, amenities such as a sauna or cold plunge, and stated pet rent and weight limits.

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City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Salem, OR notes

No resident notes for this property yet.

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