FOR SALE:  The eight unit multi-family building is located at 845 NW Gerth Avenue, Salem, Oregon, being offered at $880,000. This eight-unit listing features a mix of four, one-bedroom units, and four, two-bedroom units located in a fantastic West Salem location, across the street from the West Salem City Park and the Edgewater Community Garden. The property has off-street parking and laundry facilities, and each unit has an outdoor private space. The apartment building has been owner operated, and has potential to increase rents and upgrade the units.

PROPERTY HIGHLIGHTS:

  • Great, quiet location in West Salem
  • On-site parking
  • Laundry facilities
  • Private area for tenants
  • Across the street from a park

LISTING SUMMARY:

PRICE:  $880,000

PRICE PER SQUARE FOOT:  $141.94

ESTIMATED CAP RATE:  6.65%

Click here for the property flyer

For more information on the property call Bernard Gehret at Joseph Bernard Investment Real Estate, 503-546-9390.