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Listed by JOSH GLASPIE • ICON REAL ESTATE GROUP • CELL: 541-359-9132
$1,190,000
Est. payment /mo
11 Beds
8 Baths
6,200 SqFt
New
805 Gerth Av NW NW Salem, OR 97304
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Key Details
Property Type Multi-Family
Sub Type Multi- (5+)
Listing Status Active
Purchase Type For Sale
Square Footage 6,200 sqft
Price per Sqft $191
MLS Listing ID 842868
Bedrooms 11
Year Built 1978
Annual Tax Amount $8,203
Tax Year 2025
Lot Size 0.430 Acres
Acres 0.43
Property Sub-Type Multi- (5+)
Property Description
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.
Location
State OR
County Polk
Area 60 Northwest Salem
Rooms
Dining Room Area (Combination)
Interior
Hot Water Electric
Heating Baseboard
Flooring Carpet, Luxury Vinyl Plank
Laundry Laundry Center
Building
Foundation Continuous
Sewer City
Water City
New Construction No
Schools
Elementary Schools Myers
Middle Schools Walker
High Schools West Salem
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
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