| 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 |
Conrad Venti
First Commercial Real Estate
