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! Ideally located near the Salem Convention Center and downtown amenities, this historic two-story building, originally built in 1900, has been thoughtfully converted to professional office space. Each floor features its own separate entrance and is currently occupied by separate tenants, providing flexibility and privacy. The property is fully leased, offering immediate income potential in a highly desirable location.

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

Forced AirNatural GasCentral

Cooling

Central AirGas (Cooling)

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 and can be reached at 5034851900.

GB

GLADYS BLUM

Agent at BLUM REAL ESTATE

(503) 485-1900

Listed by BLUM REAL ESTATE

MLS# 843735· Source: listhub· 1 day on market

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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