Share This Listing

Message

936 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

2195 Audubon Ave SE - Pringle Creek 6-Plex 6 Unit Apartment Building Offered at $1,295,000 at a 5.89% Cap Rate Salem, OR 97302

Apartment Buildings Oregon Salem 2195 Audubon Ave SE, Salem, OR 97302

Save this listing!

Favorite this listing to get notified of price updates, new media and more

Investment Highlights

  • 2024 build by Stafford Homes
  • 6 Units | 100% Occupancy
  • 1031 Exchange Friendly Profile
  • 5,985 Building Sq Ft
  • Located in Pringle Creek Community

Executive Summary

Distinctive 2024-built 6-plex within Pringle Creek Community. Salem's master-planned sustainable neighborhood featuring LEED-certified architecture, 12 acres of preserved common area, community gardens, and walking trails throughout 32 acres in South Salem. Modern building with 5,985 SF of leasable area on an 8,025 SF lot. All units are 2BR/2BA: four 892 SF units (101–104) and two 1,100 SF units (105–106); three include assigned storage. 100% leased to qualified tenants. Pro-forma 5.89% cap at list.

Attachments

Flyer
Building Layout

Financial Summary (Pro Forma - 2026) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2026) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,295,000 Lot Size 0.18 AC
Price Per Unit $215,833 Building Size 5,985 SF
Sale Type Investment Average Occupancy 100%
Cap Rate 5.89% No. Stories 3
No. Units 6 Year Built 2024
Property Type
Multifamily
  • Multifamily Apartments
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Low-Rise
Zoning FMU - Fairview Mixed-Use: Multiple-family residential is a permitted (P) use in the Mixed-Intensity (MI) overlay area where the subject is located.
Price $1,295,000
Price Per Unit $215,833
Sale Type Investment
Cap Rate 5.89%
No. Units 6
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Low-Rise
Lot Size 0.18 AC
Building Size 5,985 SF
Average Occupancy 100%
No. Stories 3
Year Built 2024
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning FMU - Fairview Mixed-Use: Multiple-family residential is a permitted (P) use in the Mixed-Intensity (MI) overlay area where the subject is located.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 6 $1,700 892 - 1,100

Links

1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Source: Local Logic®
(503) 877-2101

Still interested?

Contact the broker for more information about this property

Contact

  • James Hauge
    James Hauge

  • Listing ID: 40498242

  • Date on Market: 5/12/2026

  • Last Updated:

  • Address: 2195 Audubon Ave SE, Salem, OR 97302

The Morningside Multifamily Property at 2195 Audubon Ave SE, Salem, OR 97302 is currently available. Contact Legacy Real Estate for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View Street
Map
2195 Audubon Ave SE, Salem, OR for sale Primary Photo- Image 1 of 19
Primary Photo
2195 Audubon Ave SE, Salem, OR for sale Building Photo- Image 2 of 19
Unit 105 2nd Floor Kitchen
2195 Audubon Ave SE, Salem, OR for sale Interior Photo- Image 3 of 19
Unit 101 Living Room
2195 Audubon Ave SE, Salem, OR for sale Building Photo- Image 4 of 19
Unit 101 Third Floor Bedroom Closet
2195 Audubon Ave SE, Salem, OR for sale Interior Photo- Image 5 of 19
Unit 101 First Floor Bedroom
2195 Audubon Ave SE, Salem, OR for sale Building Photo- Image 6 of 19
Unit 105 Staircase to 2nd Floor
2195 Audubon Ave SE, Salem, OR for sale Interior Photo- Image 7 of 19
Unit 102 Third Floor Bedroom
2195 Audubon Ave SE, Salem, OR for sale Interior Photo- Image 8 of 19
Unit 103 Living Room
2195 Audubon Ave SE, Salem, OR for sale Building Photo- Image 9 of 19
Unit 105 First Floor Full Bathroom
2195 Audubon Ave SE, Salem, OR for sale Interior Photo- Image 10 of 19
Unit 104 Third Floor Master Closet
2195 Audubon Ave SE, Salem, OR for sale Interior Photo- Image 11 of 19
Unit 101 Third Floor Bathroom
2195 Audubon Ave SE, Salem, OR for sale Interior Photo- Image 12 of 19
Unit 101 Staircase to 3rd Floor
2195 Audubon Ave SE, Salem, OR for sale Interior Photo- Image 13 of 19
Unit 104 Third Floor Master Bathroom
2195 Audubon Ave SE, Salem, OR for sale Interior Photo- Image 14 of 19
Unit 105 2nd Floor Living Room
2195 Audubon Ave SE, Salem, OR for sale Interior Photo- Image 15 of 19
Unit 105 3rd Floor Master Bathroom
2195 Audubon Ave SE, Salem, OR for sale Interior Photo- Image 16 of 19
Unit 104 Third Floor Linen Closet
2195 Audubon Ave SE, Salem, OR for sale Interior Photo- Image 17 of 19
Unit 105 3rd Floor Laundry
2195 Audubon Ave SE, Salem, OR for sale Interior Photo- Image 18 of 19
Unit 105 First Floor Bedroom Closet
1 of 1
2195 Audubon Ave SE - Pringle Creek 6-Plex
(503) 877-2101 x

2195 Audubon Ave SE - Pringle Creek 6-Plex

James Hauge
(503) 877-2101

Already a member? Log In

First Name*

Last Name*

Email*

Email address is required

Phone*

Ext (optional)

Company (optional)

Message*

Message is required

{{getContactFormMessageFieldCharacterCount()}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Notice.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}
You can provide feedback any time using the Help button at the top of the page.