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875 Gerth Ave Nw, Salem, OR 97304

Salem
Local realty services provided by:CENTURY 21 Agate Realty
875 Gerth Ave Nw,Salem, OR 97304
$1,190,000
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  • - Beds
  • - Baths
  • 6,200 sq. ft.
  • Multi-family
  • Pending
Listed by: joshua glaspie
Office: icon real estate group541-915-2080
MLS#:475632325
Source:PORTLAND

Price summary

  • Price:$1,190,000
  • Price per sq. ft.:$191.94

About this home

Exceptional investment opportunity in West Salem! This well-maintained 8-unit apartment complex offers a strong income-producing asset in a desirable location close to schools, shopping, parks, and downtown Salem. Built in 1978 this property has been well maintained with a newer 5 year old roof, and possibility to be split into two separate 4-plexes. Property has convenient dedicated parking lot with 16 spaces. On site laundry that produces extra income. Situated on approximately 0.43 acres, this turnkey multifamily property is positioned to benefit from continued rental demand in the West Salem market. A quality addition to any investment portfolio with long-term upside. Buyer to perform their own due diligence regarding a potential split.

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Home facts

  • Year built:1978
  • Listing ID #:475632325
  • Added:3 day(s) ago
  • Updated:July 04, 2026 at 01:33 AM

Rooms and interior

  • Basement Description:Crawl Space
  • Living area:6,200 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1978
  • Building area:6,200 sq. ft.
  • Lot area:0.43 Acres
  • Lot Features:Cleared, Level, Public Road
  • Foundation Description:Concrete Perimeter
  • Levels:2 Stories

Schools

  • High school:West Salem
  • Middle school:Walker
  • Elementary school:Myers

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,190,000
  • Price per sq. ft.:$191.94
  • Tax amount:$8,204 (2025)

Parking

  • Total parking spaces:16
  • Parking description:Assigned, Paved
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than CENTURY 21 Agate Realty are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: July 4, 2026 PORTLAND Member Broker: Rebecca Watwood PC

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