$4,000,000 SALE
18,080 SF
1015-1069 Liberty St SE
Salem, OR 97302

Multi-family investment opportunity! 28 units located on two tax lots on the busy Liberty Street Corridor. There are 6 buildings in total. The property features an office and a coin-operated laundry room that is approximately ±1,388 SF. The unit mix includes: 26 | 592 SF | 1-bedroom 1-bath units 2 | 650 SF | 2-bedroom 1-bath units About 60% of the units have been renovated including new heating, sinks, countertops, and paint. Increased rent for the 9 remaining unrenovated units will occur once renovations are complete. Price is based upon manager raising rents to market starting January 2021. They believe that this process should take about 1 year to complete.

Property Type Multi-Family
Year Built 1977
Level Number 2
Sub-Lease 28
Listing ID R3MCWL
MLS ID 770451
Style Multi-Family (5-20 Units)
Building Size 18,080 SF
Lot Size 0.56 AC

Property Highlights

100% Occupancy

City Inspections Performed in 2019

Majority of Water Heaters Replaced in 2019

Prime Location Close to Downtown Salem

Area Description

Area Description: Located on Liberty Street near Bush Street and Owens Street. The subject property is within walking distance to Bush Park and less than a half of a mile to downtown.

Region: Salem

Region: Oregon

Region: USA

Region: North America

Property Features
Water: City Water
Age: 41-50 Years Old
Sewer: City
Lot Size: 1/2 - 1 Acre
Additional Media Area Demographics