Courtesy of HOMESMART REALTY GROUP, MARTA GUAJARDO, Cell: 971-600-4893
2 Beds
1 Bath
924 sqft
$299,000
227 Commercial St, Salem OR, 97301
Price per sqft$323.59
Built in2022
Property size924 sqft
Property typeCondominium
Overview
Active
Listed Feb 4, 2026
Updated 7 days ago
Turnkey Investment Opportunity with Immediate Rental Income in Downtown Salem! Built in 2022, this modern 2-bedroom, 1-bath condominium is an excellent opportunity for investors seeking an established, income-producing property. Currently rented for $2,500 per month, with an existing tenant and lease transferring to the new owner! The open-concept floor plan features contemporary finishes, a convenient Jack-and-Jill bathroom, and direct access to two decks. Low-maintenance living in the heart of downtown Salem. The location provides close proximity to Salem Hospital, Willamette University, and the Oregon State Capitol, making it convenient for students and professionals.
$1,989/mo
Est. mortgage payment based on a $299,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 837310
Interior Features
- Bedrooms
- 2
- Bathrooms
- 1
- Fireplace
- Yes
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.1 Acres
Other Property Details
- Taxes
- $1,562
- Tax Frequency
- Annually
- View
- Yes
- Municipality
- South Salem
Also listed on RMLS
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
WVMLS Member: Yolanda Guzman
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