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1520-1530 7th St NW
Salem, OR 97304 West Salem

$825,000 USD

Apartments For Sale  •  4,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,000 SF
  • Lot Size 0.25 AC
  • Building Class C
  • Year Built 1972
  • Zoning RM2
20 Transit Score
50 Walk Score

Highlights

Under-market rents: Current rents trail market averages, providing near term upside as units turn over
Unit renovation potential: Interior updates can further drive rental premiums and tenant retention
Redevelopment flexibility: RM2 zoning supports additional density or future redevelopment strategies
Desirable location: The property offers quick access to downtown Salem, schools, shopping, and public transit
Desirable location: The property offers quick access to downtown Salem, schools, shopping, and public transit

Property Flyers

Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Kitchen
  • Refrigerator
  • Sprinkler System
  • Tub/Shower
  • Freezer
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Salem (Amtrak Cascades - Amtrak, Coast Starlight - Amtrak) 8 min - 3.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Conrad Venti 503-559-2694 First Commercial Real Estate
Conrad Venti 503-559-2694 First Commercial Real Estate