Bought with iHomes
For more information regarding the value of a property, please contact us for a free consultation.
875 GERTH AVE NW Salem, OR 97304
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,190,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,200 sqft
Price per Sqft $191
MLS Listing ID 475632325
Sold Date 07/16/26
HOA Y/N No
Year Built 1978
Annual Tax Amount $8,203
Tax Year 2025
Lot Size 0.430 Acres
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
Community Alllandscaping, Laundry
Area _168
Zoning RM2
Rooms
Basement Crawl Space
Interior
Heating Baseboard
Cooling None
Exterior
Community Features AllLandscaping, Laundry
View Territorial
Roof Type Composition,Shingle
Garage No
Building
Lot Description Cleared, Level, Public Road
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Myers
Middle Schools Walker
High Schools West Salem
Others
Acceptable Financing CallListingAgent, Cash, Conventional, Other
Listing Terms CallListingAgent, Cash, Conventional, Other
Read Less
Nearby Locations
GET MORE INFORMATION
