# 231 Commercial St NE, Salem, OR 97301 > **TL;DR:** 3bd/1ba condo, $549,900 ($289/sqft), built 1867, 1,906 sqft. > View. Est. $3,505/mo. Listed 268 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $549,900 | | Price/sqft | $289 | | Bedrooms | 3 | | Bathrooms | 1 full | | Square Feet | 1,906 | | Year Built | 1867 | | Lot Size | 4,356 sqft (0.10 acres) | | Stories | 1 | | Property Type | Condo (Condominium) | | Status | Active | | Days on Market | 268 | ## Why This Home Stands Out - **Views** - Territorial ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,781 | | Estimated Insurance | $160 | | HOA | $564 | | **Total** | **$3,505** | ## Nearby Schools - **Elementary:** Bush - **Middle:** Leslie - **High:** South Salem ## Key Amenities - View ## Property Highlights - Built in 1867 - 0.10 acre lot ## Description ### Agent Description Turnkey Short-Term Rental Investment with Bookings into June 2027! Own a piece of Salem's history while generating rental income! Located in the iconic Starkey-McCully Building, once home to a speakeasy, this rare 3-bedroom historic loft is the largest of the Downtown Salem Loft Condominiums. Currently operating as a successful short-term rental with an average nightly rate of approximately $235 and reservations already booked into June 2027. This property offers investors an established rental opportunity. Featuring original 1800s old-growth fir floors, soaring ceilings, a jetted tub, and a premium Sub-Zero refrigerator, this one-of-a-kind residence blends historic character with modern comforts. Ideally located near Salem Hospital, Willamette University, the Oregon State Capitol, and downtown dining and entertainment. Offered fully furnished, including artwork, making this a truly turnkey investment opportunity. Historic charm, an established rental business, and future reservations make this an exceptional addition to an investment portfolio! ## Location - **Address:** 231 Commercial St NE, Salem, OR 97301 - **County:** Marion - **Coordinates:** 44.942009, -123.040047 - **Google Maps:** https://www.google.com/maps?q=44.942009,-123.040047 ## Virtual Tour & Media - **Video Tour:** https://www.tourfactory.com/idxr3234894 ## 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/231-Commercial-St-NE_Salem_OR_97301_M91907-69660?f=listhub&s=WVMLSOR&m=836883&c=propsimple) ## Photos ![231 Commercial St NE - Photo 1](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f4292759833r.jpg) ![231 Commercial St NE - Photo 2](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f2091250946r.jpg) ![231 Commercial St NE - Photo 3](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f187858185r.jpg) ![231 Commercial St NE - Photo 4](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f562153808r.jpg) ![231 Commercial St NE - Photo 5](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f3973944533r.jpg) ![231 Commercial St NE - Photo 6](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f1833883781r.jpg) ![231 Commercial St NE - Photo 7](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f3291424910r.jpg) ![231 Commercial St NE - Photo 8](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f1689199330r.jpg) ![231 Commercial St NE - Photo 9](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f1399868879r.jpg) ![231 Commercial St NE - Photo 10](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f4033808035r.jpg) ![231 Commercial St NE - Photo 11](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f962406422r.jpg) ![231 Commercial St NE - Photo 12](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f3239460006r.jpg) ![231 Commercial St NE - Photo 13](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f3301321r.jpg) ![231 Commercial St NE - Photo 14](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f633771095r.jpg) ![231 Commercial St NE - Photo 15](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f3442745697r.jpg) ![231 Commercial St NE - Photo 16](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f1456149592r.jpg) ![231 Commercial St NE - Photo 17](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f4065340775r.jpg) ![231 Commercial St NE - Photo 18](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f735458057r.jpg) ![231 Commercial St NE - Photo 19](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f533165625r.jpg) ![231 Commercial St NE - Photo 20](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f2041829457r.jpg) ![231 Commercial St NE - Photo 21](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f1388643036r.jpg) ![231 Commercial St NE - Photo 22](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f1526374416r.jpg) ![231 Commercial St NE - Photo 23](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f3276858975r.jpg) ![231 Commercial St NE - Photo 24](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f1223567384r.jpg) ![231 Commercial St NE - Photo 25](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f255940529r.jpg) ![231 Commercial St NE - Photo 26](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f1447379761r.jpg) ![231 Commercial St NE - Photo 27](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f1409640393r.jpg) ![231 Commercial St NE - Photo 28](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f795447406r.jpg) ![231 Commercial St NE - Photo 29](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f3239891279r.jpg) ![231 Commercial St NE - Photo 30](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f2905797730r.jpg) ![231 Commercial St NE - Photo 31](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f1359795861r.jpg) ![231 Commercial St NE - Photo 32](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f2415550622r.jpg) ![231 Commercial St NE - Photo 33](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f3353214752r.jpg) ![231 Commercial St NE - Photo 34](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f478840171r.jpg) ![231 Commercial St NE - Photo 35](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f1221611830r.jpg) ![231 Commercial St NE - Photo 36](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f3141928202r.jpg) ![231 Commercial St NE - Photo 37](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f3653132543r.jpg) ![231 Commercial St NE - Photo 38](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f3753824617r.jpg) ![231 Commercial St NE - Photo 39](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f1652061855r.jpg) ![231 Commercial St NE - Photo 40](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f3272291901r.jpg) ![231 Commercial St NE - Photo 41](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f452450357r.jpg) ![231 Commercial St NE - Photo 42](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f3819964944r.jpg) ![231 Commercial St NE - Photo 43](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f859151510r.jpg) ![231 Commercial St NE - Photo 44](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f3751020531r.jpg) ![231 Commercial St NE - Photo 45](http://lh.rdcpix.com/fc28ad638c2541256833bee797079374l-f2166448338r.jpg) --- **MLS#:** 836883 | **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/231-commercial-st-ne-salem-or-97301-eec1834d6926411c99111726f746b3d9) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/231-commercial-st-ne-salem-or-97301-eec1834d6926411c99111726f746b3d9#listing", "url": "https://www.propertysimple.ai/listing/231-commercial-st-ne-salem-or-97301-eec1834d6926411c99111726f746b3d9", "name": "231 Commercial St NE, Salem, OR 97301", "description": "Turnkey Short-Term Rental Investment with Bookings into June 2027! Own a piece of Salem's history while generating rental income! Located in the iconic Starkey-McCully Building, once home to a speakeasy, this rare 3-bedroom historic loft is the largest of the Downtown Salem Loft Condominiums. Currently operating as a successful short-term rental with an average nightly rate of approximately $235 and reservations already booked into June 2027. This property offers investors an established rental opportunity. Featuring original 1800s old-growth fir floors, soaring ceilings, a jetted tub, and a premium Sub-Zero refrigerator, this one-of-a-kind residence blends historic character with modern comforts. Ideally located near Salem Hospital, Willamette University, the Oregon State Capitol, and downtown dining and entertainment. Offered fully furnished, including artwork, making this a truly turnkey investment opportunity. 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