Exceptional investment opportunity in West Salem! This well-maintained 8-unit apartment complex offers a strong income-producing asset in a desirable location close to schools, shopping, parks, and downtown Salem. Built in 1978 this property has been well maintained with a newer 5 year old roof, and possibility to be split into two separate 4-plexes. Property has convenient dedicated parking lot with 16 spaces. On site laundry that produces extra income.
Sold for $1,190,000
Street View
Listed by: Icon Real Estate Group • JOSH GLASPIE • Contact: 541-359-9132
Bought with: Ihomes
$1,190,000
805-875 Gerth Ave NW, Salem, OR 97304
11beds
8baths
6,200sqft
Multi Family
Built in 1978
-- sqft lot
$1,182,300 Zestimate®
$192/sqft
$1,318 Estimated rent
Home value
$1,182,300
$1.12M - $1.24M
$1,318/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
JOSH GLASPIE CELL:541-359-9132,
Icon Real Estate Group
Bought with:
DIETER WEHNER
Ihomes
Source: WVMLS,MLS#: 842868
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 8
Dining room
- Features: Area (Combination)
Heating
- Baseboard
Appliances
- Included: Dishwasher, Electric Water Heater
- Laundry: Common Area
Features
- Flooring: Carpet
- Has fireplace: No
Interior area
- Total structure area: 6,200
- Total interior livable area: 6,200 sqft
Property
Parking
- Parking features: Parking Lot
Features
- Patio & porch: Covered Patio, Deck
Lot
- Size: 0.43 Acres
Details
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Fiber Cement, Lap Siding, T111
- Foundation: Continuous
Condition
- New construction: No
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Other (Refer to Remarks)
Location
- Region: Salem
Financial & listing details
- Price per square foot: $192/sqft
- Annual tax amount: $8,203
- Price range: $1.2M - $1.2M
- Date on market: 6/30/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: GERTH AVE NW BETWEEN 8TH ST NW AND 9TH ST NW
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Sold | $1,190,000$192/sqft |
Source:  WVMLS #842868 Report a problem | ||
| 7/3/2026 | Pending sale | $1,190,000$192/sqft |
Source: WVMLS #842868 Report a problem | ||
| 6/30/2026 | Listed for sale | $1,190,000-23.2%$192/sqft |
Source: WVMLS #842868 Report a problem | ||
| 5/16/2022 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/15/2022 | Price change | $1,550,000+3.3%$250/sqft |
Source: Owner Report a problem | ||
| 5/14/2022 | Pending sale | $1,500,000-3.2%$242/sqft |
Source: Owner Report a problem | ||
| 5/14/2022 | Price change | $1,550,000+3.3%$250/sqft |
Source: Owner Report a problem | ||
| 5/13/2022 | Listed for sale | $1,500,000$242/sqft |
Source: Owner Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: West Salem
Nearby homes
- $--2 bd1 ba-- sqft825 Gerth Ave NW #825, Salem, OR 97304Off Market
- $--2 bd1 ba900 sqft825 Gerth Ave NW #3, Salem, OR 97304Off Market
- $--2 bd1 ba790 sqft825 Gerth Ave NW #1, Salem, OR 97304Off Market
- $--2 bd1 ba800 sqft825 Gerth Ave NW UNIT 2-8, Salem, OR 97304Off Market
- $--2 bd1 ba800 sqft825 Gerth Ave NW #2, Salem, OR 97304Off Market
- $--2 bd1 ba800 sqft825 Gerth Ave NW, Salem, OR 97304Off Market
- $1,190,00011 bd8 ba6.2k sqft875 Gerth Ave NW, Salem, OR 97304Sold
- $410,9003 bd2 ba1.6k sqft795 Gerth Ave NW, Salem, OR 97304Off Market
Nearby schools
GreatSchools rating
- 8/10Myers Elementary SchoolGrades: K-5Distance: 0.7 mi
- 4/10Walker Middle SchoolGrades: 6-8Distance: 0.2 mi
- 6/10West Salem High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Myers
- Middle: Walker
- High: West 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
$1,182,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,182,300
- Oregon
- Polk County
- Salem
- 97304
- West Salem
- 805-875 Gerth Ave NW
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