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1915 Commercial St, 
Salem, OR 97302

$650,000


7

Beds


2

Baths


3,242

Sq Ft


Single Family

Active

Listed by

Tim Kaelin

503-538-0468

Last updated:

May 28, 2025, 09:19 PM

MLS#

734018806

Source:

PORTLAND

Company Logo

About This Home

1915 Commercial St

Investor special! Are you ready for an incoming producing, high cap rate, low maintenance investment? Look no further. This specially modified, commercially zoned property is the perfect place for any investor who is looking to expand their portfolio. This property is currently tenant occupied as a group home. Utilizing a property tax exemption and tenant-paid utilities, the financials are impeccable, offering over a 6% cap rate and a cash flowing investment. With modifications specified for group home living including an office, seven bedrooms, two full bathrooms, two living rooms, and a formal dining space, this investment property is plug and play. The exterior features six parking spaces and a large backyard, complete with a Trex deck and playing areas for children. Complete with solar panels for reduced tenant utilities, and a convenient Commercial St location, this is the whole package. Contact your local real estate agent for property financial details. Do not disturb tenants!!!

Home Facts

Single Family

2 Baths

7 Bedrooms

Built in 1976

Price Summary

650,000

$200 per Sq. Ft.

MLS #:

734018806

Last Updated:

May 28, 2025, 09:19 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

3,242 Sq. Ft.


Structure

Structure

Architectural Style:

1 Story, Custom Style

Building Area:

3,242 Sq. Ft.

Year Built:

1976


Lot

Lot Size (Sq. Ft):

13,503


Finances & Disclosures

Finances

Price:

$650,000

Price per Sq. Ft:

$200 per Sq. Ft.

1915 Commercial St
MLS Logo
All 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 Coldwell Banker Professional Group are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: May 28, 2025

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Contact an Agent

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.