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875 GERTH AVE NW Salem, OR $ 1,190,000
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875 GERTH AVE NW
$ 1,190,000
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875 GERTH AVE NW

Salem, OR, 97304
$ 1,190,000
Bedrooms11 Baths8.0 Sq 6,200

Monthly Estimate*

$ 7,514

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Multi-Family Home for sale in Salem, OR

for $1,190,000 with 11 bedrooms and 8 full baths. This 6,200 square foot home was built in 1978 on a lot size of 0.43.

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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Multi-Family Active

Price

$ 1,190,000

Bedrooms

11

Full Bath

8

Property Type

Multi-Family

Taxes

$ 8,203

Style

Lot Size

0.43

Year Built

1978

Town/City

Salem

County/Region

Polk

MLS | Web ID

475632325
Features
General
Sewer PublicSewer
Heating Baseboard
Cooling None
Roof Composition Shingle
Zoning RM2
Security Features None
Year Built 1978
Stories Count 2
Tax Year 2025
Parcel Number 251769
Gross Income 122664.0
Community Features AllLandscaping Laundry
County Polk
Net Operating Income 91724.0
Operating Expense 30940.0
Property Type MultiFamily
HOA N
Rent Includes Sewer TrashCollection
Status Active
Directions GERTH AVE NW BETWEEN 8TH ST NW AND 9TH ST NW
High School West Salem
City Salem
Disclosures Disclosure
Number Of Units Total 8
MLS Area _168
Lot Size Square Feet 18730.0
Listing Terms CallListingAgent Cash Conventional Other
Elementary School Myers
Tax Annual Amount 8203.78
Middle/Junior High School Walker
Property Condition UpdatedRemodeled
Virtual Tour https://listings.highview.media/sites/rmojxpdp/unbranded
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 251769
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Interior
Basement CrawlSpace
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit 3 Baths Total 1
Unit 3 Beds Total 2
Unit 4 Baths Total 1
Unit 4 Beds Total 1
Unit 5 Beds Total 2
Unit 6 Beds Total 1
Unit 7 Beds Total 2
Unit 8 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4 UnitTypeType5 UnitTypeType6 UnitTypeType7 UnitTypeType8
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Exterior
Parking Features Assigned Paved
Lot Features Cleared Level PublicRoad
Water Source PublicWater
Total Parking 16.0
Exterior Description CementSiding LapSiding T111Siding
Foundation Details ConcretePerimeter
Building Area Total 6200.0
Lot Size Acres 0.43
Road Surface Type Paved
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Internal Only
Street Number 1 875
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* Excluded Features
List By
Icon Real Estate Group

Broker

ICON@TheICONREGroup.com

Contact

Affordability Calculator

$8,197
Per Month
92%
8%
0%
Monthly Principal & Interest
$7,514
Monthly Property Taxes
$684
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1951247 Elementary School
1949770 Middle School
West Salem High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/30/2026$1,190,000 Listed Price

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875 GERTH AVE NW, Salem, OR, 97304 is a Multi-Family Home for sale at $1,190,000 with 6,200 sqft and a lot size of 0.43. 875 GERTH AVE NW has 11 bedrooms, 8.0 baths, and was built in 1978. The property's zip code is 97304 which is in Salem, OR

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