227 Commercial St Ne, Salem, OR 97301

Listing Courtesy of HOMESMART REALTY GROUP. Cell: 971-600-4893

$299,000
2
BD
1
BA
924
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$299,000
Price Change
▼ $75,000 1789180143
MLS#
837310
Status
ACTIVE
Type
Condo
Subtype
Condominium
City
Salem
Area
20 Central Salem
County
Marion
Bedrooms
2
Bathrooms
1
Living Area
924
Year Built
2022

Property Description

Turnkey Investment Opportunity with Immediate Rental Income in Downtown Salem! Built in 2022, this modern 2-bedroom, 1-bath condominium is an excellent opportunity for investors seeking an established, income-producing property. Currently rented for $2,500 per month, with an existing tenant and lease transferring to the new owner! The open-concept floor plan features contemporary finishes, a convenient Jack-and-Jill bathroom, and direct access to two decks. Low-maintenance living in the heart of downtown Salem. The location provides close proximity to Salem Hospital, Willamette University, and the Oregon State Capitol, making it convenient for students and professionals.

Additional Information

HOA Amenities
Other (Refer to Remarks)
View
Territorial
Water
Public
Heating
Electric, Wall Furnace
Foundation
Slab
Flooring
Carpet, Vinyl
Elementary School
Bush
Middle School
Leslie
High School
South Salem

How much is your home worth?

...get instant property value now!

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.