RIVERBEND APARTMENTS

1221 River Bend Rd NW, Salem, OR 97304

Property Information

  • For Sale Call for pricing
  • Property Type Multi-Family
  • Property Size 10,790 SF
  • Units 48
  • Lot Size 1.95 Acre
  • Year Built 2022
  • Date Updated Jul 6, 2026

Description

Located in West Salem near downtown and major employment centers, within walking distance to retail, dining, and daily conveniences.• Number of Units: 48 • Unit Mix: (31) 1BR/1BA, (17) 2BR/2BA • Year Built: 2019 • Zoning: CO (Commercial Office)

Highlights

  • 48-Unit Scale Attractive to Both Regional and Institutional Buyers
  • approximately 5 years remaining
  • Assumable Fannie Mae Financing at 3.74% fixed rate,
  • Built 2019, Low Capital Expenditure Needs
  • execution of a Confidentiality Agreement.
  • INVESTMENT HIGHLIGHTS
  • Limited new multifamily supply in the submarket
  • major employment centers
  • Number of Units: 48
  • Offering Memorandum available to qualified buyers upon
  • PROPERTY OVERVIEW
  • RIVERBEND RD NW
  • Unit Mix: (31) 1BR/1BA, (17) 2BR/2BA
  • Walking distance to retail, dining, and daily conveniences
  • WALLACE RD NW
  • West Salem / Polk County location, near downtown Salem and
  • Year Built: 2019
  • Zoning: CO (Commercial Office)

Contacts

Location

  • 1/100 Car-Dependent
  • 24/100 Somewhat Bikeable
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