231 Commercial St Ne, Salem, OR 97301

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

$549,900
3
BD
1
BA
1,906
SqFt

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List Price
$549,900
Price Change
▼ $34,100 1792133476
MLS#
836883
Status
ACTIVE
Type
Condo
Subtype
Condominium
City
Salem
Area
20 Central Salem
County
Marion
Bedrooms
3
Bathrooms
1
Living Area
1,906
Year Built
1867

Property Description

Turnkey Short-Term Rental Investment with Bookings into June 2027! Own a piece of Salem's history while generating rental income! Located in the iconic Starkey-McCully Building, once home to a speakeasy, this rare 3-bedroom historic loft is the largest of the Downtown Salem Loft Condominiums. Currently operating as a successful short-term rental with an average nightly rate of approximately $235 and reservations already booked into June 2027. This property offers investors an established rental opportunity. Featuring original 1800s old-growth fir floors, soaring ceilings, a jetted tub, and a premium Sub-Zero refrigerator, this one-of-a-kind residence blends historic character with modern comforts. Ideally located near Salem Hospital, Willamette University, the Oregon State Capitol, and downtown dining and entertainment. Offered fully furnished, including artwork, making this a truly turnkey investment opportunity. Historic charm, an established rental business, and future reservations make this an exceptional addition to an investment portfolio!

Additional Information

HOA Amenities
Other (Refer to Remarks)
View
Territorial
Water
Public
Heating
Forced Air
Foundation
Slab
Flooring
Vinyl, Wood
Elementary School
Bush
Middle School
Leslie
High School
South Salem

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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.