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For sale
    • Listed by: Homesmart Realty Group • MARTA GUAJARDO • Contact: 971-600-4893
    Price cut: $10K (6/19)
    $589,000

    231 Commercial St NE, Salem, OR 97301

    3beds
    1,906sqft
    : 
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    Condominium
    Built in 1867
    -- sqft lot
    $579,500 Zestimate®
    $309/sqft
    $564/mo HOA

    What's special

    Premium sub-zero refrigeratorSoaring ceilingsJetted tubAiry livable layout
    Step into the largest of the Downtown Salem Loft Condominiums. This is a rare 3-bedroom, 1-bath residence in the iconic Starkey-McCully building, once a home of a speakeasy. Original hardwood floors from the 1800s anchor this extraordinary space, offering a warmth and authenticity no modern build can match. Soaring ceilings and thoughtful design create an airy, livable layout that honors the building's storied past while embracing today's comforts. Unwind in the jetted tub or prep meals with a premium Sub-Zero refrigerator; modern luxuries that complement the loft's timeless character. Location defines this opportunity. Near Salem Hospital, Willamette University, and the Oregon State Capitol. An unbeatable advantage for professionals, students, or savvy investors. Currently thriving as a fully furnished short-term rental, this turnkey property offers immediate income potential in one of Salem's most historic addresses. Own more than a home, own a piece of Salem's history. Offered fully furnished, including art work!
    155 days
    |
    311
    |
    14
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    MARTA GUAJARDO Cell:971-600-4893,

    Homesmart Realty Group

    Source: WVMLS,MLS#: 836883MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • 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
      • Forced Air
      Appliances
      • Included: Dishwasher, Disposal, Gas Range, Built-In Range, Gas Water Heater
      Features
      • Den, High Speed Internet, Smart Home
      • Flooring: Vinyl, Wood
      • Has fireplace: No
      Interior area
      • Total structure area: 1,906
      • Total interior livable area: 1,906 sqft

      Property

      Parking
      • Parking features: No Garage
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Deck
      • Exterior features: Orange
      • Has view: Yes
      • View description: Territorial
      Lot
      • Size: 4,356 Square Feet

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      Materials
      • Foundation: Slab
      • Roof: See Remarks
      Condition
      • New construction: No
      • Year built: 1867

      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: $564 monthly
      Location
      • Region: Salem

      Financial & listing details

      • Price per square foot: $309/sqft
      • Annual tax amount: $3,221
      • Price range: $589K - $589K
      • 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

        $579,500

        $551,000 - $608,000

        $2,079/mo

        Price history

        DateEventPrice
        6/19/2026Price change$589,000-1.7%$309/sqft
        Source: WVMLS #836883 Report a problem
        2/5/2026Listed for sale$599,000$314/sqft
        Source: WVMLS #836883 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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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        Climate risks

        Neighborhood: Central Area

        Getting around

        76 / 100
        Very Walkable
        61 / 100
        Good Transit
        88 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Bush
        • Middle: Leslie
        • High: South Salem

        Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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