For sale

Listed by: Homesmart Realty Group • MARTA GUAJARDO • Contact: 971-600-4893

Price cut: $10K (6/19)

$379,000

227 Commercial St NE, Salem, OR 97301

2beds

924sqft

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Condominium

Built in 2022

-- sqft lot

$378,700 Zestimate^®

$410/sqft

$325/mo HOA

What's special

Modern finishesFully furnishedOpen-concept layout

Newly built in 2022, Downtown Salem Loft Condominium, listed for the first time. This 2-bedroom, 1.5-bath condo has been a successful fully furnished rental, offering flexibility for owner-occupants or investors. The open-concept layout features modern finishes, and direct access to two private decks for outdoor enjoyment. Available fully furnished. HOA includes: Water, sewer, garb. exterior maintenance and security. Low-maintenance living in the heart of downtown Salem. The location provides close proximity to Salem Hospital, Willamette University, and the Oregon State Capitol, making it convenient for professionals,

152 days

124

0

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1

Primary bedroom

Level: Main

Dining room

Features: Area (Combination)

Kitchen

Level: Main

Living room

Level: Main

Heating

Electric, Wall Furnace, Ductless/Mini-Split

Appliances

Included: Dishwasher, Disposal, Gas Range, Microwave, Gas Water Heater

Features

High Speed Internet, Smart Home
Flooring: Carpet, Vinyl
Has fireplace: Yes
Fireplace features: Electric

Interior area

Total structure area: 924
Total interior livable area: 924 sqft

Property

Parking

Parking features: No Garage

Features

Levels: One
Stories: 1
Patio & porch: Covered Deck
Exterior features: Green
Has view: Yes
View description: Territorial

Lot

Size: 4,356 Square Feet

Details

Additional structures: See Remarks

Construction

Type & style

Home type: Condo
Property subtype: Condominium

Materials

Foundation: Slab
Roof: See Remarks

Condition

New construction: No
Year built: 2022

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Water Connected

Community & HOA

Community

Security: Security System Owned
Subdivision: Salem

HOA

Has HOA: Yes
Amenities included: Other (Refer to Remarks)
HOA fee: $325 monthly

Location

Region: Salem

Financial & listing details

Price per square foot: $410/sqft
Annual tax amount: $1,562
Price range: $379K - $379K
Date on market: 2/5/2026
Listing agreement: Exclusive Right To Sell
Listing terms: VA Loan,Cash,ODVA,FHA,Conventional
Inclusions: Fully furnished with art.

Estimated market value

$378,700

$360,000 - $398,000

$1,862/mo

Price history

Date	Event	Price
6/19/2026	Price change	$379,000-2.6%$410/sqft
Source: WVMLS #837310 Report a problem
5/19/2026	Price change	$389,000-2.5%$421/sqft
Source: WVMLS #837310 Report a problem
2/5/2026	Listed for sale	$399,000$432/sqft
Source: WVMLS #837310 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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