875 GERTH NW AVE, Salem, OR 97304
- $1,190,000
- 6,200
- SqFt
- Sold Price
- $1,190,000
- List Price
- $1,190,000
- Closing Date
- Jul 16, 2026
- Days on Market
- 17
- MLS#
- 475632325
- Property Type
- Multifamily
- Sqft. of Residence
- 6,200
- Lot Size
- 15, 000 to 19, 999 SqFt
- Region
- Polk Co: West Salem N
- Status
- SOLD
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.
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Additional Information
- Tax Amount
- $8,203
- Year Built
- 1978
- High School
- West Salem
- Elementary School
- Myers
- Middle School
- Walker
- Acres
- 0.43
- Living Area
- 6,200
- Stories
- 2
- Terms
- Call Listing Agent, Cash, Conventional, Other
- Cooling Description
- None
- Fuel Description
- Electricity
- Heating Description
- Baseboard
- Hoa Rent Includes
- Sewer, Trash Collection
- Hot Water Description
- Electricity
- Exterior Description
- Cement Siding, Lap Siding, T-111 Siding
- Roof Type
- Composition, Shingle
- Sewer Description
- Public Sewer
- View
- Territorial
- Parking
- Assigned, Paved
- Security Or Entry
- None
- Parking Description
- Assigned, Paved
- Road Surface
- Paved
- Number Of Units Total
- 8
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 1
- Unit Type One Rent
- 1090
- Unit Type One Sq Ft
- 595
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 1
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 1495
- Unit Type Three Sq Ft
- 794
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 2
- Unit Type Four Rent
- 1050
- Unit Type Four Sq Ft
- 595
- Unit Type Four Units Total
- 1
- Unit Type Five Rent
- 1632
- Unit Type Five Sq Ft
- 794
- Unit Type Five Units Total
- 1
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Listing courtesy of ICON Real Estate Group. Selling Office: iHomes.
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