1340-1374 W Locust St
Stayton, OR 97383
Locust Tree · Multifamily Property For Sale · 16 Units

The beautiful, garden style Stayton Apartments is a well-kept apartment investment in the bedroom community of Stayton. The property consists of two buildings and was constructed in 1998 with a wood frame, a pitched composite roof which was replaced in 2018 with a 30 year warranty, and T1-11 siding with brick accents. The property consists of 16 units total, all of which are two-bedroom, one bath flats with washer and dryer hookups, that are 837 square feet each. The property sits on a flat 0.8 acre lot with mature well-manicured landscaping. The property has ample parking with 24 parking spaces and ample on street parking. The railroad track adjacent to the property border has been retired and no longer in use. The asset is conveniently located 14 miles east of Salem, the states capital. The property is in Marion County, and sits 61 miles south of downtown Portland, 74 miles from the Coast, and 37 miles to Corvallis, the home of Oregon State University. Just 13 miles away is Silver Falls State Park, Oregon's largest and most picturesque state park with over 9,000 acres and miles of hikes, bike paths and horse trails. Within one mile walk of the property are amenities and employers such as Safeway, Ixtapa Mexican, Papa Murphy's Pizza, Stayton Public Library, Stayton Family Pool, Stayton Elementary, Stayton High School, Star Cinemas, public tennis courts and Pioneer Park which has Frisbee golf, a playground, bike paths, picnic areas and access to Santiam River. Norpac Foods is the major employer in the area and was founded in 1924 and employs over 2,500 people and works with 200+ farms.