1031-1041 7th St NW - Apartments FOR SALE


Salem, OR 97304
$995,000 USD
503-241-5541
1031-1041 7th St NW, Salem, OR for Sale
$995,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

1031-1041 7th St NW
Salem, OR 97304


OVERVIEW

Introducing the apartments at 1031-1041 7th Street NW, a 6-unit, two-story complex in West Salem, OR. The property features updated interiors, including granite countertops, new appliances, and off-street parking. Located near family-oriented amenities like Harritt Elementary, Walker Middle School, and West Salem High School, this property offers convenience for renters seeking proximity to schools and suburban comforts, making it a reliable investment for rental income. Situated near the Salem-Dallas Highway NW, this property is easily accessible, with a direct route leading across the Willamette River into downtown Salem in just 6 minutes. Salem’s downtown offers a blend of historic buildings, modern shops, parks, and ongoing development projects enhancing the area. New residential construction, streetscape improvements, and easy access to Riverfront Park make the location even more attractive. Major city landmarks like Willamette University, the Oregon State Capitol, and Oregon State Capitol Park are within a 5-minute drive, adding to the property’s appeal for tenants who want proximity to key institutions and the downtown area.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$247 USD /SF

# OF UNITS

6

PRICE/UNIT

$165,833

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

RM2

APN/PARCEL ID

257349

ASK ABOUT THIS PROPERTY

William ThompsonHFO Investment Real EstateMore Info
503-241-5541

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William ThompsonHFO Investment Real EstateMore Info
503-241-5541

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.