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Listed by SMI Commercial Real Estate LLC
$ 799,900
Est. payment | /mo
5,099 SqFt
$ 799,900
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 $156
MLS Listing ID 735740524
Year Built 1946
Annual Tax Amount $4,368
Tax Year 2025
Lot Size 10,454 Sqft
Property Description
8 Unit Mixed use investment opportunity sitting on a high-traffic corner near downtown Salem! Features (2) retail spaces with solid rental history and (6) well-kept, secluded 1 bed/1 bath apartments. Primary retail tenant in place for 23 years! Located on the bus line, walkable to downtown amenities. Tenants enjoy a private courtyard, with alley access, (1) parking space per unit, and shared laundry. Significant rental upside offers investors the opportunity to boost income and improve cash flow in 2027! 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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