1915 COMMERCIAL ST, Salem, OR 97302

$650,000

bedrooms

bathrooms

square feet

3,242

Acreage

0.31

Open Houses

year built

1976

Full Baths

Half Baths

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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!!!

Location
Subdivision	-
County	Marion
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 111044721

Listing agent: Tim Kaelin

Listing broker: Coldwell Banker Professional Group (971) 409-7586

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Last update: Friday, April 25 2025 at 12:18 a.m. EDT

Kotohomes National