# 227 Commercial St NE, Salem, OR 97301

> **TL;DR:** 2bd/1ba condo, $299,000 ($324/sqft), built 2022, 924 sqft.
> Fireplace, View. Est. $1,924/mo. Listed 269 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $299,000 |
| Price/sqft | $324 |
| Bedrooms | 2 |
| Bathrooms | 1 full |
| Square Feet | 924 |
| Year Built | 2022 |
| Lot Size | 4,356 sqft (0.10 acres) |
| Stories | 1 |
| Property Type | Condo (Condominium) |
| Status | Active |
| Days on Market | 269 |

## Why This Home Stands Out

- **Views** - Territorial

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,512 |
| Estimated Insurance | $87 |
| HOA | $325 |
| **Total** | **$1,924** |

## Nearby Schools

- **Elementary:** Bush
- **Middle:** Leslie
- **High:** South Salem

## Key Amenities

- Fireplace
- View

## Property Highlights

- Built in 2022
- 0.10 acre lot
- Fireplace

## Description

### Agent 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.

## Location

- **Address:** 227 Commercial St NE, Salem, OR 97301
- **County:** Marion
- **Coordinates:** 44.942101, -123.040459
- **Google Maps:** https://www.google.com/maps?q=44.942101,-123.040459

## Virtual Tour & Media

- **Video Tour:** https://www.tourfactory.com/idxr3234895

## Listing Agent

- **Name:** MARTA GUAJARDO
- **Brokerage:** HomeSmart Realty Group
- **Broker Phone:** (971) 599-5865
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/227-Commercial-St-NE_Salem_OR_97301_M96352-21556?f=listhub&s=WVMLSOR&m=837310&c=propsimple)

## Photos

![227 Commercial St NE - Photo 1](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f647184797r.jpg)

![227 Commercial St NE - Photo 2](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f187858185r.jpg)

![227 Commercial St NE - Photo 3](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f1613984739r.jpg)

![227 Commercial St NE - Photo 4](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f13107713r.jpg)

![227 Commercial St NE - Photo 5](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f1251518806r.jpg)

![227 Commercial St NE - Photo 6](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f444953805r.jpg)

![227 Commercial St NE - Photo 7](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f357747822r.jpg)

![227 Commercial St NE - Photo 8](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f286603791r.jpg)

![227 Commercial St NE - Photo 9](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f3384464067r.jpg)

![227 Commercial St NE - Photo 10](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f973051330r.jpg)

![227 Commercial St NE - Photo 11](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f2113873846r.jpg)

![227 Commercial St NE - Photo 12](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f4037459254r.jpg)

![227 Commercial St NE - Photo 13](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f1568912525r.jpg)

![227 Commercial St NE - Photo 14](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f1199099556r.jpg)

![227 Commercial St NE - Photo 15](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f636321442r.jpg)

![227 Commercial St NE - Photo 16](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f1639352784r.jpg)

![227 Commercial St NE - Photo 17](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f1992500236r.jpg)

![227 Commercial St NE - Photo 18](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f1352257364r.jpg)

![227 Commercial St NE - Photo 19](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f2233950135r.jpg)

![227 Commercial St NE - Photo 20](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f4261303087r.jpg)

![227 Commercial St NE - Photo 21](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f2216101346r.jpg)

![227 Commercial St NE - Photo 22](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f4163365479r.jpg)

![227 Commercial St NE - Photo 23](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f1237992259r.jpg)

![227 Commercial St NE - Photo 24](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f1562410028r.jpg)

![227 Commercial St NE - Photo 25](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f593488606r.jpg)

![227 Commercial St NE - Photo 26](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f1685060207r.jpg)

![227 Commercial St NE - Photo 27](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f1125532923r.jpg)

![227 Commercial St NE - Photo 28](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f4259647066r.jpg)

![227 Commercial St NE - Photo 29](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f2784597284r.jpg)

![227 Commercial St NE - Photo 30](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f3695356059r.jpg)

![227 Commercial St NE - Photo 31](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f4013866752r.jpg)

![227 Commercial St NE - Photo 32](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f2072327862r.jpg)

![227 Commercial St NE - Photo 33](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f2029211438r.jpg)

![227 Commercial St NE - Photo 34](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f3295648662r.jpg)

![227 Commercial St NE - Photo 35](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f404419823r.jpg)

![227 Commercial St NE - Photo 36](http://lh.rdcpix.com/a2abf41324983f8aa4348481e6a0549cl-f3385767223r.jpg)

---

**MLS#:** 837310 | **Updated:** 2026-10-23
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/227-commercial-st-ne-salem-or-97301-03da9332b49e4043bd6a0289318be89b)

---

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