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
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!PROPERTY SHOWING set for 9/1/26 11am-1pm Seller requests all interested parties view all Interiors prior to accepting an offer.*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
We're always here to help. Let's connect!
Matthew Tercek
Team Lead / Agent License ID: 201210228 (OR) 23013170 (WA)
+1(503) 453-5815 | matthew@tercekre.com