Turn-key eight-unit multifamily investment in Southeast Salem, comprised of two separate one-story four-unit buildings on individual tax lots. Built in 1978 and extensively rehabilitated in 2018–2019 with over $240,000 in capital improvements, the property is in excellent condition throughout. Recent upgrades include roofing, siding, parking, landscaping, interiors, and appliances.
Sold for $1,000,000
Listed by: Fcre Home • BENJAMIN OROZCO • Contact: 503-932-4181
Bought with: Homestar Brokers
$1,000,000
2585 & 2595 Lee St SE, Salem, OR 97301
8beds
8baths
4,080sqft
Multi Family
Built in 1978
-- sqft lot
$999,300 Zestimate®
$245/sqft
$1,355 Estimated rent
Home value
$999,300
$919,000 - $1.08M
$1,355/mo
Zestimate® history
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List your homeWhat's special
Seven on-site parking spacesLandscaped grounds with irrigationRecent upgrades include roofingCoin-operated laundry
Zillow last checked:
Listing updated:
Listed by:
BENJAMIN OROZCO Agent:503-932-4181,
Fcre Home,
JOSHUA KAY,
First Commercial Real Estate
Bought with:
SHANE MATTHEWS
Homestar Brokers
Source: WVMLS,MLS#: 837869
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Appliances
- Included: Electric Range, Range Included, Refrigerator
- Laundry: Common Area
Features
- Has fireplace: No
Interior area
- Total structure area: 4,080
- Total interior livable area: 4,080 sqft
Property
Features
- Exterior features: Sage
- Frontage length: 103
Lot
- Size: 0.28 Acres
- Dimensions: 103 x 120
- Features: Dimension Above, Landscaped
Details
- Additional structures: See Remarks
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Shingle Siding, Wood Siding, Lap Siding, T111
- Foundation: Continuous
- Roof: Composition
Condition
- New construction: No
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Other (Refer to Remarks)
- Subdivision: Simpson Add
Location
- Region: Salem
Financial & listing details
- Price per square foot: $245/sqft
- Annual tax amount: $8,600
- Price range: $1M - $1M
- Date on market: 2/20/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: 8 ranges, 8 refrigerators
- Exclusions: Tenants personal property
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Sold | $1,000,000-9%$245/sqft |
Source:  WVMLS #837869 Report a problem | ||
| 3/6/2026 | Contingent | $1,099,000$269/sqft |
Source: WVMLS #837869 Report a problem | ||
| 2/20/2026 | Listed for sale | $1,099,000$269/sqft |
Source: WVMLS #837869 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Southeast Salem
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Nearby schools
GreatSchools rating
- 5/10Richmond Elementary SchoolGrades: K-5Distance: 0.2 mi
- 5/10Leslie Middle SchoolGrades: 6-8Distance: 2.1 mi
- 5/10South Salem High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Richmond
- 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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Estimated market value
$999,300
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$999,300
- Oregon
- Marion County
- Salem
- 97301
- Southeast Salem
- 2585 & 2595 Lee St SE
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