OR > Salem
Salem, OR 97302,1915 COMMERCIAL ST
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Salem, OR 97302,1915 COMMERCIAL ST
Salem, OR 97302,1915 COMMERCIAL ST
Salem, OR 97302,1915 COMMERCIAL ST
Salem, OR 97302,1915 COMMERCIAL ST
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Nicole Sams

Nicole Sams

+1(971) 469-2622
Listed by Coldwell Banker Professional
$ 650,000
Est. payment /mo
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Active

1915 COMMERCIAL ST Salem, OR 97302

7 Beds

2 Baths

3,242 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,242 sqft

Price per Sqft $200

MLS Listing ID 734018806

Style Stories1, Custom Style

Bedrooms 7

Full Baths 2

Year Built 1976

Tax Year 2024

Lot Size 0.310 Acres

Property Sub-Type Single Family Residence

Property Description

Investor special! Are you ready for an incoming producing, high cap rate, low maintenance investment? Look no further. This specially modified, commercially zoned property is the perfect place for any investor who is looking to expand their portfolio. This property is currently tenant occupied as a group home. Utilizing a property tax exemption and tenant-paid utilities, the financials are impeccable, offering over a 6% cap rate and a cash flowing investment. With modifications specified for group home living including an office, seven bedrooms, two full bathrooms, two living rooms, and a formal dining space, this investment property is plug and play. The exterior features six parking spaces and a large backyard, complete with a Trex deck and playing areas for children. Complete with solar panels for reduced tenant utilities, and a convenient Commercial St location, this is the whole package. Contact your local real estate agent for property financial details. Do not disturb tenants!!!

Location

State OR

County Marion

Area _173

Rooms

Basement Crawl Space

Interior

Interior Features Ceiling Fan, High Ceilings, Laminate Flooring, Laundry, Wallto Wall Carpet

Heating Forced Air

Cooling Heat Pump

Appliance Builtin Oven, Cooktop, Dishwasher, Free Standing Refrigerator, Pantry, Range Hood

Exterior

Exterior Feature Deck

Roof Type Composition

Garage No

Building

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Mckinley

Middle Schools Leslie

High Schools South Salem

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)
agent

Nicole Sams

Broker | License ID: 201256204

+1(971) 469-2622

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1915 COMMERCIAL ST