1214-1224 Dorval Ave NW - Apartments FOR SALE


Salem, OR 97304- West Salem
$1,025,000 USD
541-515-0451
1214-1224 Dorval Ave NW, Salem, OR for Sale
$1,025,000 USD
Apartments - FOR SALE
1/50
null | 6.51% Cap Rate

1214-1224 Dorval Ave NW
Salem, OR 97304
West Salem


HIGHLIGHTS

  • Location
  • Turn-Key
  • Great Rental History

OVERVIEW

Turn-key 5-plex in a prime West Salem location, offered at a 6.5% cap rate. Each unit features 2 bedrooms, 1.5 baths, in-unit laundry, and covered parking—ideal for attracting quality, long-term tenants. Built in 1977 with a history of low vacancy and strong performance. Close to downtown, shopping, hospitals, and major commute routes. Steady cash flow and long-term appreciation makes this a smart addition to your portfolio. Call with questions, invest in your future!

FOR SALE DETAILS

PRICE

$1,025,000 USD

PRICE/SF

$97 USD /SF

# OF UNITS

5

PRICE/UNIT

$205,000

CAP RATE

6.51%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1214-1224 Dorval Ave NW

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,108 SF

ZONING

RM2

APN/PARCEL ID

339119

ASK ABOUT THIS PROPERTY

George Michael WrightRE/MAX IntegrityMore Info
541-515-0451

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George Michael WrightRE/MAX IntegrityMore Info
541-515-0451

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