805-875 Gerth Ave NW 8 Unit Apartment Building $1,380,000 ($172,500/Unit) 6.40% Cap Rate Salem, OR 97304

Introducing the apartments at 805 Gerth Avenue NW, a 8-unit, two-story complex in West Salem, OR. The property features updated interiors, with most
units receiving new kitchen appliances and water heaters. Units are equipped with dishwahers and disposals. Additionally each unit has two designated parking
spaces. The roof and gutters were fully replaced in 2021. Located near family oriented amenities like Harritt Elementary, Walker Middle School, and West Salem
High School, this property offers convenience for renters seeking proximity to schools and suburban comforts, making it a reliable investment for rental income.
Situated near the Salem-Dallas Highway NW, this property is easily accessible, with a direct route leading across the Willamette River into downtown Salem in just
6 minutes. Salem’s downtown offers a blend of historic buildings, modern shops, parks, and ongoing development projects enhancing the area. New residential
construction, streetscape improvements, and easy access to Riverfront Park make the location even more attractive. Major city landmarks like Willamette University,
the Oregon State Capitol, and Oregon State Capitol Park are within a 5-minute drive, adding to the property’s appeal for tenants who want proximity to key
institutions and the downtown area.