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1915 COMMERCIAL ST, Salem, OR 97302
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$650,000
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Home Details for 1915 COMMERCIAL ST
Price
$650,000
Type
Single Family
Bedrooms
7
Total Bathrooms
2
Full Bathrooms
2
Year Build
1976
Lot Size
0.31
County
Marion
Basement
Crawl Space
MLS®️ Listing#
734018806
On exitrealty.com
177 days
Property Description
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!!!
- Cooling Information
- Ceiling Fan(s)
- Heat Pump
- House Interior
- Pantry
- High Ceilings
- Parking
- Driveway
- Parking Pad
- Heating Information
- Forced Air
- Water Features
- Public
- Basement
- Crawl Space
School Information
School Information for 1915 COMMERCIAL ST
Elementary School
McKinley
Middle School
Leslie
High School
South Salem
Listing Courtesy: Coldwell Banker Professional - 503-538-0468. Presented by: Tim Kaelin
The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than EXIT Realty are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data last updated as of date above. Some properties which appear for sale on this website may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some of these listings contain enhanced listing information including city, state, zip, and county from sources such as MSA data and USPS. Listing content is Copyright ©2025 RMLS of Portland, Oregon. All Rights Reserved.Last Updated: 2025-05-28 21:45:37
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$650,000
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