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Brooktree Apartments 4082 Commercial St SE 44 Unit Apartment Building $6,200,000 ($140,909/Unit) 6.61% Cap Rate Salem, OR 97302
Executive Summary
The offering presents the opportunity to acquire a well-located multifamily asset with a combination of in-place stability and future upside potential. The property benefits from a mix of renovated and classic units, creating a clear path for continued modernization and the ability to capture additional rental growth over time through thoughtful upgrades. Ownership has also completed a number of capital improvements that enhance the overall condition and long-term positioning of the asset. Located within a well-established Salem submarket, the property is supported by strong area demographics, nearby parks, and convenient access to everyday amenities, contributing to durable rental demand and long-term investment appeal.
Property Facts
| Price | $6,200,000 | Building Class | C |
| Price Per Unit | $140,909 | Lot Size | 2.00 AC |
| Sale Type | Investment | Building Size | 39,632 SF |
| Cap Rate | 6.61% | Average Occupancy | 80% |
| No. Units | 44 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.17/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | RM2 | ||
| Price | $6,200,000 |
| Price Per Unit | $140,909 |
| Sale Type | Investment |
| Cap Rate | 6.61% |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 39,632 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | RM2 |
Amenities
Unit Amenities
- Disposal
- Crown Molding
- Kitchen
- Refrigerator
- Oven
- Range
- Deck
- Patio
- Recreation Room
Site Amenities
- Laundry Facilities
- Trash Pickup - Door to Door
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 44 | - | 960 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 584912 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,391,920 |
Property Taxes
Parcel Number
584912
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,391,920
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Brooktree Apartments | 4082 Commercial St SE
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