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Listed by SMI Commercial Real Estate LLC
$ 850,000
Est. payment | /mo
5,099 SqFt
$ 850,000
Est. payment | /mo
5,099 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,099 sqft
Price per Sqft $166
MLS Listing ID 385679407
Year Built 1946
Annual Tax Amount $4,368
Tax Year 2025
Lot Size 10,454 Sqft
Property Description
Don't miss out on this 8 Unit investment opportunity, sitting on a highly trafficked corner in downtown Salem! Property contains (2) retail spaces with solid rental history and (6) well kept & secluded 1 bed/1 bath apartments. Primary retail tenant has been in place for 23 years. Property sits on the busline and is walkable to various downtown amenities. Tenants enjoy a private courtyard, alley access w/ (1) parking space per unit & a shared laundry room. Plenty of rent upside to improve cash flow! *Unit #1736 rent increases to $875 on 9.1.26. *Unit #1746 rent increases to $875 on 10.1.26.Please do not disturb the residents
Location
State OR
County Marion
Area _174
Zoning MU-1
Interior
Heating Zoned
Cooling None
Exterior
Roof Type Other
Garage No
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Englewood
Middle Schools Parrish
High Schools North Salem
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
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