Refine Search

2585 & 2595 Lee St Se, Salem, OR 97301

$1,099,000

SAVE TOUR THIS HOME

13 Total Photos [Click to View All]

Contingent

Listing Courtesy of: FCRE HOME
Agency Contact: Agent: 503-932-4181
IDX logo

BEDS8 BATHS8 SQUARE FEET4,080 MLS#837869

STATUS PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONSimpson Add

TOUR THIS HOME

Call / TEXT TO ME / Map Listing / Print / Share / Email

Property Description

Accepted Offer with Contingencies. Turn-key eight-unit multifamily investment in Southeast Salem, comprised of two separate one-story four-unit buildings on individual tax lots. Built in 1978 and extensively rehabilitated in 2018???2019 with over $240,000 in capital improvements, the property is in excellent condition throughout. Recent upgrades include roofing, siding, parking, landscaping, interiors, and appliances. Professionally managed with coin-operated laundry, seven on-site parking spaces, landscaped grounds with irrigation, and separately metered electric utilities. Strong in-place operations with upside potential to increase NOI.

Property Features

Property Type: Multi Unit - Multiple

Home Style: Flat

Lot Size: 0.28 Acres

Roof Type: Composition

Taxes: $8,600

Year Built: 1978

Feature Descriptions

Days on Site: 50

Exterior: Shingle, Wood

Flooring: Luxury Vinyl Plank

Foundation: Continuous

Frontage: 103 Feet

Laundry: Laundry Center

Lot Dimensions: 103 X 120

Price Per Square Foot: 269.36

Property Use: Investment

Range: Electric, Range Included

Sewer: City

Units: 8

Water: City

Local Schools

High School: South Salem

Middle School: Leslie

Elementary School: Richmond

Listed By / Shown By

Listed By

Agency Name: FCRE HOME
Agency Contact: Agent: 503-932-4181

Shown By

Agent Name: Mark O'Brien
Agent Phone: (541) 619-1920
Agency Title: Coldwell Banker Valley Brokers

Estimate Your Payment

Estimated Payment

$ 3,483.11 per month $2,445.90 Principal & Interest $716.67 Property Tax $320.54 Homeowner's Insurance

Change Payment Information

2585 & 2595 Lee St Se, Salem, OR 97301

$1,099,000

SAVE TOUR THIS HOME

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/11/2026. The listing information on this page last changed on 04/11/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 04/11/2026 8:33:38 AM EST) or Willamette Valley MLS (last updated Fri 04/10/2026 11:51:09 PM EST). Real estate listings held by brokerage firms other than Coldwell Banker Valley Brokers may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

2585 & 2595 Lee St Se, Salem, OR 97301

Property Description

Property Features

Feature Descriptions

Local Schools

Listed By / Shown By

Estimate Your Payment

Change Payment Information

2585 & 2595 Lee St Se, Salem, OR 97301

ContactMe

Login to My Homefinder