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Riverbend Apartments 1225 NW Riverbend Rd 48 Unit Apartment Building For Sale Salem, OR 97304
Investment Highlights
- West Salem / Polk County location, near downtown Salem and major employment centers
- Built 2019, Low Capital Expenditure Needs
- 48-Unit Scale Attractive to Both Regional and Institutional Buyers
- Walking distance to retail, dining, and daily conveniences
- Limited new multifamily supply in the submarket
Executive Summary
Number of Units: 48
Unit Mix: (31) 1BR/1BA, (17) 2BR/2BA
Year Built: 2019
Zoning: CO (Commercial Office)
*Assumable Fannie Mae Financing at 3.74% fixed rate, approximately 5 years remaining
Unit Mix: (31) 1BR/1BA, (17) 2BR/2BA
Year Built: 2019
Zoning: CO (Commercial Office)
*Assumable Fannie Mae Financing at 3.74% fixed rate, approximately 5 years remaining
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 48 | Lot Size | 3.59 AC |
| Property Type | Multifamily | Building Size | 50,000 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2020 |
| Zoning | CO | ||
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 3.59 AC |
| Building Size | 50,000 SF |
| No. Stories | 3 |
| Year Built | 2020 |
| Zoning | CO |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 48 | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 241652 | Improvements Assessment | $6,180,050 |
| Land Assessment | $89,130 | Total Assessment | $6,269,180 |
Property Taxes
Parcel Number
241652
Land Assessment
$89,130
Improvements Assessment
$6,180,050
Total Assessment
$6,269,180
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Riverbend Apartments | 1225 NW Riverbend Rd
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