1225 Riverbend NW RDSalem, OR97304
$9,500,000
48 total units
41820 sq. ft
Acres1to3
Elementary School: Brush College
Middle School: Straub
High School: West Salem
Zoning: C0
1607 days on market
VestorFilter™
Price per unit$197.9K/unit
Price per ft²$227.16/ft²
Time on market1607 days
Property Description
Price increase associated with stabilization of these three 3-story apartment buildings on approximately 2-acre lot just off Wallace Rd in desirable West Salem. 48 total units comprised of 1BD/1BA & 2BD/2BA all w/ washer/dryer, kitchen appliances, deck/patio & parking included. Each apartment to contain ductless cooling & cadet heating units. One ADA apartment available w/ 15 more adaptable. Landscaping & common areas include walking trail, play structure & green space. Growing rental market.
{{ compliance-logo }}Listing Provided By Premiere Property Group, LLC
Financial Data
Date Sold2021-02-26
Sold Price$9,500,000
Price ChangeIncreased $100,000 on 04/26/2023
Total $500,000 drop
Total $500,000 drop
Original Price$10,000,000
Current Price$9,500,000
Property Taxes$17,873
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Home Facts
StatusSold
Year Built2020
Exterior Features
MLS ID19010294
Unit Details
Unit 1
Unit 2
