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  • Cell - 503.860.9155

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Listing provided courtesy of ICON Real Estate Group- MLS# 475632325MLS ProviderContact Information: [email protected]

875 GERTH AVE NWSalem, OR 97304

Multi-Family · 6,200 Sq. ft. | 0.43 Acres
$1,190,000 Active

875 GERTH AVE NW Overview

Time on Site:
5 hours
Visits:
0

Exceptional investment opportunity in West Salem! This well-maintained 8-unit apartment complex offers a strong income-producing asset in a desirable location close to schools, shopping, parks, and downtown Salem. Built in 1978 this property has been well maintained with a newer 5 year old roof, and possibility to be split into two separate 4-plexes. Property has convenient dedicated parking lot with 16 spaces. On site laundry that produces extra income. Situated on approximately 0.43 acres, this turnkey multifamily property is positioned to benefit from continued rental demand in the West Salem market. A quality addition to any investment portfolio with long-term upside. Buyer to perform their own due diligence regarding a potential split.

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875 GERTH AVE NW Facts & Features

  • Type Multi-Family
  • Sq. ft. 6,200
  • Price/Sq.ft. $192
  • Lot 0.43 Acres

Details

General

School Information

  • Elementary School: Myers
  • Middle Or Junior School: Walker
  • High School: West Salem

Income/Expenses

  • Gross Income: 122664.0
  • Net Operating Income: 91724.0
  • Operating Expense: 30940.0

Building Information

  • Year Built: 1978

Location/Region

  • Country: US
  • County Or Parish: Polk
  • MLS Area Major: 168 - Polk Co: West Salem N

Community/Development

  • Community Features: All Landscaping,Laundry

Rent/Lease Information

  • Rent Includes: Sewer,Trash Collection

Tax Information

  • Tax Annual Amount: 8203.78
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Call Listing Agent,Cash,Conventional,Other
  • Parcel Number: 251769
  • Property Condition: Updated/Remodeled
  • Property Type: Multi Family
  • Zoning: RM2

Interior

Building Interior

  • Building Area Total: 6200.0

General Information

  • Basement: Crawl Space
  • Cooling: None
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard
  • Security Features: None
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Assigned,Paved
  • Parking Total: 16.0

Lot Information

  • Lot Features: Cleared,Level,Public Road
  • Lot Size Acres: 0.43
  • Lot Size Square Feet: 18730.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition,Shingle

General Information

  • Number Of Units Total: 8
  • Sewer: Public Sewer

875 GERTH AVE NW Neighborhood

Community

97304 (Salem) Demographics

41
Median Age
570
Population Density (per sq. mile)
48%
College Educated
$74,583
Estimated Median Income
8,303
Estimated Total Home Owners
4,290
Estimated Total Renters
66% / 34%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

875 GERTH AVE NW Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

875 GERTH AVE NW Market Data

Based on the last 30 days in this zip code

$653,953
Average List Price
$274
Average Price per Square Foot
47
Properties Sold
95
Average Days on Market
284
Properties for Sale
Calculations provided by Reliance Network

875 GERTH AVE NW History

Date Event Value Agent
6/30/2026Source: Regional MLS Added to Database
June 30, 2026