1915 Commercial St SE

1915 Commercial St SE, Salem, OR 97302

Property Information

  • For Sale $650,000
  • Property Type Other
  • Lot Size 0.31 Acre
  • Year Built 1976
  • Date Updated Jun 28, 2026

Description

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!!!

Highlights

  • Commercial St
  • Commercial Salem OR
  • Heating Fuel Type Other
  • Heating Type Forced Air
  • Heating Type Heat Pump
  • Roof Composition Shingle
  • Views City Strip

Contacts

Location

Located at 1915 Commercial St SE, Salem, OR 97302, this property is part of the South Central Salem neighborhood and Eugene market.

Contact Listing Broker
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.