227 Commercial St NE, Salem, OR 97301
227 Commercial St NE, Salem, OR 97301
227 Commercial St NE, Salem, OR 97301
227 Commercial St NE, Salem, OR 97301
227 Commercial St NE, Salem, OR 97301
227 Commercial St NE, Salem, OR 97301
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Listed by MARTA GUAJARDO • HOMESMART REALTY GROUP • Cell: 971-600-4893
$ 299,000
Est. payment | /mo

2 Beds

1 Bath

924 SqFt

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$ 299,000
Est. payment | /mo
Save Virtual Tour

2 Beds

1 Bath

924 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 924 sqft

Price per Sqft $323

Subdivision Salem

MLS Listing ID 837310

Bedrooms 2

Full Baths 1

Year Built 2022

Annual Tax Amount $1,562

Tax Year 25

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Condominium

Property Description

Turnkey Investment Opportunity with Immediate Rental Income in Downtown Salem! Built in 2022, this modern 2-bedroom, 1-bath condominium is an excellent opportunity for investors seeking an established, income-producing property. Currently rented for $2,500 per month, with an existing tenant and lease transferring to the new owner! The open-concept floor plan features contemporary finishes, a convenient Jack-and-Jill bathroom, and direct access to two decks. Low-maintenance living in the heart of downtown Salem. The location provides close proximity to Salem Hospital, Willamette University, and the Oregon State Capitol, making it convenient for students and professionals.

Location

State OR

County Marion

Area 20 Central Salem

Rooms

Primary Bedroom Level 1/Main

Dining Room Area (Combination)

Interior

Hot Water Gas

Heating Electric, Wall Furnace, Ductless/Mini-Split

Cooling Electric, Wall Furnace, Ductless/Mini-Split

Flooring Carpet, Vinyl

Fireplaces Type Electric

Inclusions Fully furnished with art.

Exterior

Parking Features None

View Territorial

Roof Type Other (Refer to Remarks)

Garage No

Building

Foundation Slab

New Construction No

Schools

Middle Schools Leslie

High Schools South Salem

Others

Senior Community No

Acceptable Financing Federal VA, Cash, ODVA, FHA, Conventional

Listing Terms Federal VA, Cash, ODVA, FHA, Conventional

Virtual Tour https://www.tourfactory.com/idxr3234895

Willamette Valley MLS (WVMLS)

Nearby Locations

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227 Commercial St NE