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.
- Great, quiet location in West Salem
- On-site parking
- Laundry facilities
- Private area for tenants
- Across the street from a park
PRICE PER SQUARE FOOT: $141.94
ESTIMATED CAP RATE: 6.65%
For more information on the property call Bernard Gehret at Joseph Bernard Investment Real Estate, 503-546-9390.