Listing Courtesy of:
SMI REAL ESTATE
Agency Contact: 541-646-0650
BEDS6
BATHS7
SQUARE FEET5,099
MLS#844900
STATUS
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONOak Lawn Park
Property Description
Don't miss out! 8 Unit mixed use investment opportunity, sitting on a highly trafficked corner near 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. See associated docs.
Property Features
Property Type: Multi Unit - Multiple
Fenced: Yes
Home Style: Flat
Lot Size: 0.24 Acres
Taxes: $4,369
Year Built: 1946
Units
Unit 1:
Bathroom(s): 0.5
Unit 2:
Bathroom(s): 0.5
Unit 3:
Bathroom(s): 2
Bedrooms: 2
Unit 4:
Bathroom(s): 4
Bedrooms: 4
Feature Descriptions
Days on Site: 10
Dining Room: Area (Combination)
Dishwasher: No
Fencing: Partial
Flooring: Laminate, Vinyl
Foundation: Slab
Frontage: 62 Feet
Heating/Cooling: Electric, Zonal
Laundry: Laundry Center
Lot Dimensions: 0.24 Acre(s)
Lot Type: Irregular
Patio: Patio
Price Per Square Foot: 166.7
Property Use: Business
Range: Electric, Range Included
Sewer: City
Units: 8
Water: City
Water Heater: Electric
Local Schools
High School: North Salem
Middle School: Parrish
Elementary School: Englewood
Listed By / Shown By
Listed By
Agency Name: SMI REAL ESTATE
Agency Contact: 541-646-0650
Shown By
Agency Title: Coldwell Banker Valley Brokers
Albany: 541.928.6317
Corvallis: 541.757.0222
Estimate Your Payment
Estimated Payment
$ 2,503.73 per month $1,891.73 Principal & Interest $364.08 Property Tax $247.92 Homeowner's Insurance