1915 Commercial St, Salem, OR 97302
Local realty services provided by:ERA Freeman & Associates, Realtors



1915 Commercial St,Salem, OR 97302
$650,000
- 7 Beds
- 2 Baths
- 3,242 sq. ft.
- Single family
- Active
Listed by:tim kaelin
Office:coldwell banker professional
MLS#:734018806
Source:PORTLAND
Price summary
- Price:$650,000
- Price per sq. ft.:$200.49
About this home
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!!!
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Home facts
- Year built:1976
- Listing Id #:734018806
- Added:77 day(s) ago
- Updated:August 14, 2025 at 11:18 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:2
- Full bathrooms:2
- Living area:3,242 sq. ft.
Heating and cooling
- Cooling:Heat Pump
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1976
- Building area:3,242 sq. ft.
- Lot area:0.31 Acres
Schools
- High school:South Salem
- Middle school:Leslie
- Elementary school:McKinley
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$650,000
- Price per sq. ft.:$200.49
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