231 Commercial St NE, Salem, OR 97301
231 Commercial St NE, Salem, OR 97301
231 Commercial St NE, Salem, OR 97301
231 Commercial St NE, Salem, OR 97301
231 Commercial St NE, Salem, OR 97301
231 Commercial St NE, Salem, OR 97301
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Listed by MARTA GUAJARDO • HOMESMART REALTY GROUP • Cell: 971-600-4893
$ 549,900
Est. payment | /mo

3 Beds

1 Bath

1,906 SqFt

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$ 549,900
Est. payment | /mo
Save Virtual Tour

3 Beds

1 Bath

1,906 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,906 sqft

Price per Sqft $288

Subdivision Salem

MLS Listing ID 836883

Bedrooms 3

Full Baths 1

Year Built 1867

Annual Tax Amount $3,221

Tax Year 25

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Condominium

Property Description

Turnkey Short-Term Rental Investment with Bookings into June 2027! Own a piece of Salem's history while generating rental income! Located in the iconic Starkey-McCully Building, once home to a speakeasy, this rare 3-bedroom historic loft is the largest of the Downtown Salem Loft Condominiums. Currently operating as a successful short-term rental with an average nightly rate of approximately $235 and reservations already booked into June 2027. This property offers investors an established rental opportunity. Featuring original 1800s old-growth fir floors, soaring ceilings, a jetted tub, and a premium Sub-Zero refrigerator, this one-of-a-kind residence blends historic character with modern comforts. Ideally located near Salem Hospital, Willamette University, the Oregon State Capitol, and downtown dining and entertainment. Offered fully furnished, including artwork, making this a truly turnkey investment opportunity. Historic charm, an established rental business, and future reservations make this an exceptional addition to an investment portfolio!

Location

State OR

County Marion

Area 20 Central Salem

Rooms

Other Rooms Den

Primary Bedroom Level 1/Main

Dining Room Area (Combination)

Interior

Hot Water Gas

Heating Forced Air

Cooling Forced Air

Flooring Vinyl, Wood

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/idxr3234894

Willamette Valley MLS (WVMLS)

Nearby Locations

Karla Hogan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(541) 409-0547

karla@hoganshomes.com

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231 Commercial St NE