About This Home

This 0-bedroom, 0-bathroom commercial at 245 Oak St SE in Salem, OR is listed for $520,000 ($275 per sqft). Built in 1900, the home offers 1,892 sqft of living space on a 0.16 acres lot.

Key Features

  • Built in 1900
  • 0.16 acre lot
  • Waterfront

Property Details

1900

Amenities

WaterfrontViewA/C
Listing Description

Prime South Salem Investment Opportunity! Near the Salem Convention Center and downtown amenities, this historic two-story office building, built in 1900, offers a flexible layout. The main level features a reception area and four private offices, while the lower level includes a reception area and four partitioned workspaces. Currently occupied by a single tenant, the property can easily accommodate multiple tenants with separate entrances for each level. Well-maintained and ideally located near downtown.

Monthly Cost Estimate

$2,781/mo

20% down · 6.5% · 30 years

Principal$376
Interest$2,253
Insurance$152

Estimates only. Actual payments may vary.

Location

245 Oak St SE

Salem, OR 97301

Property Details

Views

Water

Heating

Natural GasForced AirCentral

Cooling

Gas (Cooling)Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 245 Oak St SE is listed at $520,000 ($275/sqft). The estimated monthly payment is $2,781 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.16 acre lot, Waterfront.

This property is listed by GLADYS BLUM.

GB

GLADYS BLUM

Agent at Blum Real Estate

Listed by Blum Real Estate · Broker phone: (503) 485-1900 · View on Broker Site · Broker website

MLS# 843735· Source: Willamette Valley Multiple Listing Service· 98 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.

245 Oak St SE, Salem, OR 97301

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