1915 COMMERCIAL ST

Salem, 97302

  • 7 Bed

  • 2 Bath

  • 3242 SqFt

  • 34 DOM

  • Built: 1976

  • Status: Active

$650,000

X

1915 COMMERCIAL ST

Salem 97302

$650000

  • 7 Bed

  • 2 Bath

  • 3242 SqFt

  • 34 DOM

  • Built: 1976

  • Status: Active

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Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

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!!!

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Residence Information

  • 0

  • 3242

  • 0

  • 3242

  • Tax

  • 3242

  • 7

  • 2

  • 0

  • 2

  • Composition

  • Stories1,CustomStyle

  • Driveway,ParkingPad

  • 1

  • 1976

  • No

  • T111Siding

  • CrawlSpace

  • CrawlSpace

  • ConcretePerimeter

Features and Utilities

  • BuiltinOven, Cooktop, Dishwasher, FreeStandingRefrigerator, Pantry, RangeHood

  • CeilingFan, HighCeilings, LaminateFlooring, Laundry, WalltoWallCarpet

  • Deck

  • HeatPump

  • ForcedAir

  • PublicSewer

  • Electricity, Gas

Financial

  • 0

  • 0

  • Cash,Conventional

  • 04-24-2025

  • 3800

  • No

  • No

Comparable Information

  • 34

  • 45

  • Cash,Conventional

  • $650,000

  • $650,000

  • May 28, 2025 12:19

Schools

Elementary : McKinley N/A Ratings
Middle : Leslie N/A Ratings
High : South Salem N/A Ratings

Map

Listing courtesy of Coldwell Banker Professional.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Jun 08, 2025 09:01 | Listing last modified May 28, 2025 12:19. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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