1801-1886 A St - Apartments FOR SALE


Salem, OR 97301- Northeast Neighbors
$3,950,000 USD
503-364-7400
1801-1886 A St, Salem, OR for Sale
$3,950,000 USD
Apartments - FOR SALE
1/15
null | 6% Cap Rate

1801-1886 A St
Salem, OR 97301
Northeast Neighbors


HIGHLIGHTS

  • Priced at $123,438/unit
  • 6% cap rate based on current rents
  • Rents below market at $907-1,075/unit
  • No seller financing

OVERVIEW

This centrally located multi-family property features eight, single-story four-plex buildings situated on 1.87 acres. Built in 1957, the community offers mature landscaping and significant above-code parking. Each four-plex shares a dedicated laundry room, enhancing tenant convenience. Centrally positioned near essential services, public transportation and only five blocks from grocery, this property presents a strong investment opportunity with long-term potential. Recent improvements include new roofs on all buildings.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$162 USD /SF

# OF UNITS

32

PRICE/UNIT

$123,438

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maple Leaf Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,902 SF

ZONING

RM2

APN/PARCEL ID

527510

ASK ABOUT THIS PROPERTY

Jennifer MartinFirst Commercial Real EstateMore Info
503-364-7400

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Jennifer MartinFirst Commercial Real EstateMore Info
503-364-7400

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