Skip to Main Content

NE Neighborhood Apartments

810 14th Street NE, Salem, Oregon 97301

$1,270,000

Status:
Available
County:
Marion
Units:
10
Year Built:
1955
Unit Price:
$127,000
Land Size:
0.28 Acres
Building Size:
6,549 sq. ft.
Price per SF:
$194
CAP Rate:
6.04%
GIM:
12.73
Unit Mix:

Ten (10) units consisting of two (2) 1-bed 1-baths and eight (8) 2-bed 1-baths.

Floors:
1
Roof Type:
Flat
Heat Type:
Electric
Property Photo

Northeast Neighborhood Apartments is a newly updated 10-unit garden court community. Two buildings surround a shared courtyard, and apartments have front and back entrances. A small unpaved lot at the rear of the property could produce additional parking income. The asset is across from North Salem High School and less than a mile from downtown Salem. Built in 1955, the property recently completed an extensive exterior envelope replacement. More than half of the units have been recently updated with new cabinetry, flooring, and appliances.

10
Units
1955
Year Built
6,549
SQ. FT.

Property Location