Map of Property

1915 Commercial St SE

1915 Commercial St SE, Salem, OR 97302

  • For Sale $650,000
  • Property Type Other
  • Property Size 3,242 SF
  • Lot Size 0.31 Acre
  • Year Built 1976
  • Date Updated Apr 27, 2025
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!!!
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Highlights

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

Contacts

broker
Tim Kaelin

Coldwell Banker Professional Group

Location

Getting Around

  • Walk Score ®

    76/100 Very Walkable

  • Transit Score ®

    33/100 Some Transit

  • Bike Score ®

    70/100 Very Bikeable
Powered by Walk Score ®
  • City Salem, OR
  • Neighborhood South Central Salem
  • Zip Code 97302
  • Market Eugene

Points of Interest

  • Salem

    1.08 miles

  • Brooks Historical Society Depot

    9.58 miles

  • Hopmere Station

    9.67 miles

  • Chevron

    0.22 miles

  • Arco Gas Station

    0.76 miles

  • Shell

    0.86 miles

  • Pacific Pride

    0.88 miles

  • Blink

    0.89 miles

  • 76

    0.97 miles

  • Fred Meyer fuel #355

    1.15 miles

  • ChargePoint

    1.20 miles

  • City of Salem Fuel Island

    1.30 miles

  • Arco

    1.51 miles

  • SSHS

    0.31 miles

  • Skyline Ford Salem

    0.37 miles

  • South West Parking Lot

    0.38 miles

  • Lot 1

    0.69 miles

  • M Lot

    0.84 miles

  • Salem Library Parkade

    0.86 miles

  • Patient Visitor Parking Garage

    0.89 miles

  • B Lot

    0.91 miles

  • Staff Parking

    0.91 miles

  • E Lot

    1.02 miles

  • Grand Hotel

    1.17 miles

  • Holman Riverfront Park Hotel Salem, Tapestry Collection by Hilton

    1.23 miles

  • Howard Johnson by Wyndham Salem

    1.43 miles

  • Knights Inn

    1.49 miles

  • Phoenix Inn Suites - Salem

    2.19 miles

  • Mill Creek Inn

    2.30 miles

  • La Quinta Inn

    2.42 miles

  • Hampton Inn & Suites

    2.53 miles

  • Home2 Suites

    2.54 miles

  • Residence Inn

    2.60 miles

  • Wendy's

    0.25 miles

  • Big Blue Thai BBQ

    0.53 miles

  • Best Little Roadhouse

    0.53 miles

  • White's Restaurant

    0.54 miles

  • Mama's On The Go Bistro

    0.55 miles

  • Papa Murphy's

    0.56 miles

  • Straight From New York Pizza (Owens)

    0.57 miles

  • Café Yumm!

    0.58 miles

  • French Press

    0.59 miles

  • Jamba

    0.61 miles

  • South Salem High School

    0.34 miles

  • McKinley Elementary School

    0.38 miles

  • Candalaria Elementary School

    0.93 miles

  • Atkinson Graduate School of Management

    1.11 miles

  • Willamette University

    1.13 miles

  • Collins Legal Center

    1.16 miles

  • Salem Heights School

    1.19 miles

  • Bush Elementary

    1.20 miles

  • Bilingual Gateway School

    1.33 miles

  • Ink Theory Tattoo School

    1.38 miles

  • Little Village Learning Center

    1.03 miles

  • Little Friends Montessori School

    1.38 miles

  • Wallace Learning Center

    1.80 miles

  • Kuebler Early Learning Center

    2.79 miles

  • East Salem Headstart (pre-school)

    4.12 miles

Frequently Asked Questions

How much does 1915 Commercial St SE cost?

The space currently listed for sale at 1915 Commercial St SE asks for $650,000.

What is the total square footage of 1915 Commercial St SE?

1915 Commercial St SE totals 3,242 square feet.

When was this property built?

1915 Commercial St SE was built in 1976.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Tim Kaelin

Coldwell Banker Professional Group

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