875 GERTH AVE NW, Salem, OR 97304
875 GERTH AVE NW, Salem, OR 97304
875 GERTH AVE NW, Salem, OR 97304
875 GERTH AVE NW, Salem, OR 97304
875 GERTH AVE NW, Salem, OR 97304
875 GERTH AVE NW, Salem, OR 97304
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Matthew Tercek

Matthew Tercek

+1(503) 453-5815
Listed by ICON Real Estate Group • ICON@TheICONREGroup.com
$ 1,190,000
Est. payment | /mo

6,200 SqFt

Save Virtual Tour
$ 1,190,000
Est. payment | /mo
Save Virtual Tour

6,200 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,200 sqft

Price per Sqft $191

MLS Listing ID 475632325

HOA Y/N No

Year Built 1978

Annual Tax Amount $8,203

Tax Year 2025

Lot Size 0.430 Acres

Property Description

Exceptional investment opportunity in West Salem! This well-maintained 8-unit apartment complex offers a strong income-producing asset in a desirable location close to schools, shopping, parks, and downtown Salem. Built in 1978 this property has been well maintained with a newer 5 year old roof, and possibility to be split into two separate 4-plexes. Property has convenient dedicated parking lot with 16 spaces. On site laundry that produces extra income. Situated on approximately 0.43 acres, this turnkey multifamily property is positioned to benefit from continued rental demand in the West Salem market. A quality addition to any investment portfolio with long-term upside. Buyer to perform their own due diligence regarding a potential split.

Location

State OR

County Polk

Community Alllandscaping, Laundry

Area _168

Zoning RM2

Rooms

Basement Crawl Space

Interior

Heating Baseboard

Cooling None

Exterior

Community Features AllLandscaping, Laundry

View Territorial

Roof Type Composition,Shingle

Garage No

Building

Lot Description Cleared, Level, Public Road

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Myers

Middle Schools Walker

High Schools West Salem

Others

Acceptable Financing CallListingAgent, Cash, Conventional, Other

Listing Terms CallListingAgent, Cash, Conventional, Other

Virtual Tour https://listings.highview.media/sites/rmojxpdp/unbranded

Regional Multiple Listing Service (RMLS)

Go tour this home

875 GERTH AVE NW

We're always here to help. Let's connect!

Matthew Tercek
Matthew Tercek

Team Lead / Agent | License ID: 201210228 (OR) 23013170 (WA)

+1(503) 453-5815 | matthew@tercekre.com

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Tercek Real Estate Group, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.