Pending

$1,190,000

875 Gerth Ave NW, Salem, OR 97304

11beds

6,200sqft

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Multi Family

Built in 1978

-- sqft lot

$1,183,800 Zestimate^®

$192/sqft

$-- HOA

What's special

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.

14 days

71

5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 11
Bathrooms: 8
Full bathrooms: 8

Heating

Baseboard

Cooling

None

Appliances

Included: Microwave, Refrigerator, Dishwasher, Range, Electric Water Heater
Laundry: Common Area

Features

Basement: Crawl Space

Interior area

Total structure area: 6,200
Total interior livable area: 6,200 sqft

Video & virtual tour

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Property

Parking

Total spaces: 16
Parking features: Assigned, Paved

Features

Stories: 2
Patio & porch: Deck
Has view: Yes
View description: Territorial

Lot

Size: 0.43 Acres
Features: Cleared, Level, SqFt 15000 to 19999

Details

Parcel number: 251769
Zoning: RM2

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Cement Siding, Lap Siding, T111 Siding
Foundation: Concrete Perimeter
Roof: Composition,Shingle

Condition

Updated/Remodeled
Year built: 1978

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: All Landscaping, Laundry
Security: None

HOA

Has HOA: No

Location

Region: Salem

Financial & listing details

Price per square foot: $192/sqft
Annual tax amount: $8,203
Date on market: 6/29/2026
Cumulative days on market: 14 days
Listing terms: Call Listing Agent,Cash,Conventional,Other
Total actual rent: 10102
Road surface type: Paved

Estimated market value

$1,183,800

$1.12M - $1.24M

$1,324/mo

Price history

Date	Event	Price
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

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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