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. Situated on approximately 0.43 acres, this turnkey multifamily property is positioned to benefit from continued rental demand in the West Salem market. A quality addition to any investment portfolio with long-term upside. Buyer to perform their own due diligence regarding a potential split.
Sold
Zillow last checked:
Listing updated:
Bought with:
Dieter Wehner, 970900094
iHomes
Source: RMLS (OR),MLS#: 475632325
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Sold | $1,190,000$192/sqft |
Source:  RMLS (OR) #475632325 Report a problem | ||
| 7/3/2026 | Pending sale | $1,190,000$192/sqft |
Source: RMLS (OR) #475632325 Report a problem | ||
| 6/30/2026 | Listed for sale | $1,190,000$192/sqft |
Source: RMLS (OR) #475632325 Report a problem | ||
| 2/22/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 2/5/2022 | Price change | $1,095-6.8% |
Source: Zillow Rental Manager Report a problem | ||
| 2/3/2022 | Price change | $1,175-4.1% |
Source: Zillow Rental Manager Report a problem | ||
| 2/2/2022 | Listed for rent | $1,225 |
Source: Zillow Rental Manager Report a problem | ||
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Estimated market value
$1,190,100
