875 GERTH NW AVE, Salem, OR 97304
Listing Courtesy of ICON Real Estate Group. Selling Office: iHomes.
- $1,190,000
- 6,200
- SqFt
- Sold Price
- $1,190,000
- List Price
- $1,190,000
- Closing Date
- Jul 16, 2026
- MLS#
- 475632325
- Status
- CLOSED
- Type
- Multifamily
- City
- Salem
- Area
- Polk Co: West Salem N
- County
- Polk
- Year Built
- 1978
Property Description
Exceptional investment opportunity in West Salem! This well-maintained 8-unit apartment complex offers a strong income-producing asset in a desirable location close to schools, shopping, parks, and downtown Salem. Built in 1978 this property has been well maintained with a newer 5 year old roof, and possibility to be split into two separate 4-plexes. Property has convenient dedicated parking lot with 16 spaces. On site laundry that produces extra income. Situated on approximately 0.43 acres, this turnkey multifamily property is positioned to benefit from continued rental demand in the West Salem market. A quality addition to any investment portfolio with long-term upside. Buyer to perform their own due diligence regarding a potential split.
Additional Information
- Water
- Public Water
- View
- Territorial
- Basement
- Crawl Space
- Elementary School
- Myers
- Middle School
- Walker
- High School
- West Salem
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