About This Home

This 2-bedroom, 1-bathroom condo at 227 Commercial St NE in Salem, OR is listed for $299,000 ($324 per sqft). Built in 2022, the home offers 924 sqft of living space on a 0.10 acres lot.

Key Features

  • Built in 2022
  • 0.10 acre lot
  • Fireplace

Property Details

1 story
1 full
2022

Amenities

FireplaceView
Listing Description

Turnkey Investment Opportunity with Immediate Rental Income in Downtown Salem! Built in 2022, this modern 2-bedroom, 1-bath condominium is an excellent opportunity for investors seeking an established, income-producing property. Currently rented for $2,500 per month, with an existing tenant and lease transferring to the new owner!

The open-concept floor plan features contemporary finishes, a convenient Jack-and-Jill bathroom, and direct access to two decks. Low-maintenance living in the heart of downtown Salem. The location provides close proximity to Salem Hospital, Willamette University, and the Oregon State Capitol, making it convenient for students and professionals.

Monthly Cost Estimate

$1,924/mo

20% down · 6.5% · 30 years

Principal$216
Interest$1,296
Insurance$87
HOA$325

Estimates only. Actual payments may vary.

Location

227 Commercial St NE

Salem, OR 97301

Features & Amenities

Interior Features

Yes (Refer to Remarks)

Property Details

Flooring

CarpetVinyl

Views

Territorial

Outdoor Features

Deck

Questions & Answers

This 2-bedroom, 1-bathroom condo at 227 Commercial St NE is listed at $299,000 ($324/sqft). The estimated monthly payment is $1,924 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $325/month.

Key features include: Built in 2022, 0.10 acre lot, Fireplace. Interior Features: Yes (Refer to Remarks).

This property is listed by MARTA GUAJARDO.

MG

MARTA GUAJARDO

Agent at HomeSmart Realty Group

Listed by HomeSmart Realty Group · Broker phone: (971) 599-5865 · View on Broker Site · Broker website

MLS# 837310· Source: Willamette Valley Multiple Listing Service· 267 days on PropertySimple

Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

227 Commercial St NE, Salem, OR 97301

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