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1207 D St, Salem, OR 97301

$789,900

6 Total Photos [Click to View All]

Property Description

Turnkey 6-unit multifamily in Salem's Northeast Neighbors district - 100% occupied, fully documented financials. Several units recently refreshed (new flooring, appliances, paint); in-place rents below market with upside as leases turn. 2025 saw heavy one-time capital investment; 2026 shows strong recovery already underway. Directly across from Parrish Middle School and North Salem High School, within a mile of the Oregon State Capitol, Willamette University, Salem Hospital, and Oregon State Hospital - major, stable employment anchors.

1207 D St | MLS# 605231333

This multi-family property located at 1207 D St, Salem, OR 97301 is currently listed for sale with an asking price of $789,900. Search Salem real estate on www.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Cooling: Wall Unit(s)
Fuel Type: Electricity
Heating: WallHeater
Roof Type: Metal
Stories: 2.0
Taxes: $4,819
Year Built: 1962
Square Feet: 3,936

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 1
Rent: $1025.00
Square Footage: 656
Total Units: 3
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Rent: $1050.00
Square Footage: 656
Total Units: 1
Unit Type 3:
Bathroom(s): 1
Bedrooms: 1
Rent: $1017.00
Square Footage: 656
Total Units: 1
Unit Type 4:
Bathroom(s): 1
Bedrooms: 1
Rent: $1095.00
Square Footage: 656
Total Units: 1

Feature Descriptions

Days on Site: 21
Exterior: Cement Siding, Lap Siding
Gross Income: $67759.00 (Actual)
Hot Water: Electricity
Lot: Level
Net Income: $35382.00 (Actual)
Operating Expenses: $32377.00 (Actual)
Parking: OffStreet
Parking Notes: OffStreet
Sewer: Public Sewer
Units: 6
Water: Public Water

Local Schools

High School: North Salem
Middle School: Parrish
Elementary School: Englewood

Listed By / Shown By

Listed By

Agency Name: Epique Realty
Agency Contact: 503-476-1020

Shown By

Agency Title: Bend Premier Real Estate
Agency Phone: 541-323-2779

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Estimate Your Payment

Estimated Payment

$ 4,626.14 per month $3,994.16 Principal & Interest $401.58 Property Tax $230.39 Homeowner's Insurance

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