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First Commercial Real Estate

First Commercial Real Estate
Property Details
- Property Type Multi-Family
- Property Size 81,457.2 SF
- Units 32
- Lot Size 1.87 Acre
- Cap Rate % 6
- Year Built 1957
- Date Updated Sep 24, 2025
This centrally located multi-family property features eight, single-story four-plex buildings situated on 1.87 acres. Built in 1957, the community offers mature landscaping and significant above-code parking. Each four-plex shares a dedicated laundry room, enhancing tenant convenience. Centrally positioned near essential services, public transportation and only five blocks from grocery, this property presents a strong investment opportunity with long-term potential. Recent improvements include new roofs on all buildings.
Reach out to the broker for more info on lease terms and amenities
Getting around
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Location
- City Salem, OR
- Neighborhood Northeast Neighbors
- Zip Code 97301
- Market Eugene
Points of Interest
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Salem
0.88 miles
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Brooks Historical Society Depot
7.91 miles
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Hopmere Station
8.00 miles
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Blink
0.46 miles
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Arco
0.49 miles
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ChargePoint
0.55 miles
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76
0.82 miles
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Shell
0.92 miles
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Pulse
1.06 miles
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Pacific Pride
1.13 miles
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Petrol Express
1.22 miles
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Green Lot - Dept of Admin Services
0.71 miles
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E Lot
0.95 miles
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Visitor Parking
1.00 miles
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Reserved Lot A
1.02 miles
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Marion Parkade
1.05 miles
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Permit Parking
1.05 miles
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Staff Parking
1.06 miles
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Patient Visitor Parking Garage
1.10 miles
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B Lot
1.15 miles
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Chemeketa Parkade
1.18 miles
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Knights Inn
0.48 miles
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Howard Johnson by Wyndham Salem
1.15 miles
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Shilo Inn and Suites
1.17 miles
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Motel 6 Salem
1.17 miles
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Holiday Lodge Motel
1.23 miles
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Holiday Inn
1.23 miles
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Grand Hotel
1.25 miles
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DoubleTree
1.29 miles
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Holman Riverfront Park Hotel Salem, Tapestry Collection by Hilton
1.30 miles
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Days Inn Black Bear
1.37 miles
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Safeway
0.47 miles
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Macy's
0.98 miles
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Kohl's
1.03 miles
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Salem Center (North)
1.05 miles
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Salem Center (South)
1.07 miles
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Ross
1.09 miles
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Reed Opera House
1.17 miles
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Grocery Outlet
1.21 miles
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Pringle Park Plaza
1.23 miles
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Target
1.38 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.