Map of Property

2475 Broadway St NE

For Sale

2475 Broadway St NE, Salem, OR 97301

This Salem property for sale is located at 2475 Broadway St NE. The current listed sale price for 2475 Broadway St NE is $3,345,000. 2475 Broadway St NE is situated on a lot that is 0.81 acre in size.

Contacts

broker
Jennifer Martin

First Commercial Real Estate

broker
Conrad Venti

First Commercial Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 35,192 SF
  • Units 25
  • Lot Size 0.81 Acre
  • Cap Rate % 6.24
  • Parking Spaces Avail. 29
  • Parking Ratio 0.82 / 1,000 SF
  • Year Built 1962
  • Date Updated Sep 24, 2025

Somerset West Apartments features 17 units and 8 townhomes comprised of three, two or three story buildings housing

one and two bedroom units with one or 1.5 bathrooms situated on 35,192 SF (0.81 of an acre).

Units include fully equipped kitchens, and access to a pet-friendly environment, complemented by ample on- and offstreet parking. Strategically situated in Northeast Salem near the MLK Parkway, Somerset Apartments offers proximity to

Keizer and is just minutes from Downtown Salem and Interstate 5. With multiple bus lines at its doorstep, residents enjoy

seamless connectivity throughout the Salem-Keizer area, ensuring effortless commutes and access to local amenities.

Capital Improvement Projects completed in the last 18 months totaling

over $215,000:

• 12 units have significant interior improvements

• Complete siding, paint, gutters, fencing, parking lot, signage,

landscape including replacement of irrigation

1BD / 1BA: 14 UNITS

2BD / 1BA: 3 UNITS

2BD / 1.5 BA: 8 UNITS

 

 

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Getting around

  • 72/100

    Walk Score ®

  • 38/100

    Transit Score ®

  • 90/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Salem, OR
  • Neighborhood Higland
  • Zip Code 97301
  • Market Eugene

Points of Interest

  • Salem

    2.17 miles

  • Brooks Historical Society Depot

    6.61 miles

  • Hopmere Station

    6.70 miles

  • Blink

    0.35 miles

  • ChargePoint

    0.40 miles

  • 76

    0.41 miles

  • Space Age

    1.45 miles

  • Circle K

    1.56 miles

  • Pacific Pride

    1.58 miles

  • Shell

    1.66 miles

  • Arco

    1.76 miles

  • Marion Parkade

    1.35 miles

  • Green Lot - Dept of Admin Services

    1.43 miles

  • Chemeketa Parkade

    1.54 miles

  • Riverfront Park (North Lot)

    1.55 miles

  • Liberty Square Parkade

    1.77 miles

  • Riverfront Park (South Lot)

    1.79 miles

  • Wallace Road Park and Ride

    1.91 miles

  • Reserved Lot A

    1.92 miles

  • Pringle Parkade

    1.93 miles

  • Market Street Park and Ride

    1.97 miles

  • Motel 6

    1.06 miles

  • Traveler's Inn

    1.10 miles

  • Holman Riverfront Park Hotel Salem, Tapestry Collection by Hilton

    1.76 miles

  • Grand Hotel

    1.81 miles

  • Holiday Inn

    1.93 miles

  • Knights Inn

    1.95 miles

  • Shilo Inn and Suites

    1.97 miles

  • DoubleTree

    2.09 miles

  • Capital Inn & Suites

    2.12 miles

  • Motel 6 Salem

    2.12 miles

  • Fred Meyer

    0.33 miles

  • Cash & Carry

    0.77 miles

  • Grocery Outlet

    1.06 miles

  • Keizer Village Shopping Center

    1.27 miles

  • Bi-Mart

    1.35 miles

  • Roth's

    1.35 miles

  • Kohl's

    1.41 miles

  • Salem Center (North)

    1.44 miles

  • Macy's

    1.44 miles

  • Ross

    1.45 miles

In-Depth Research Available for this Property

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.

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