Woodland Park Apartments

HFO is pleased to present this well-maintained 15-unit multifamily

community in Salem, offering a compelling combination of recent

construction, interior renovations, and strategic capital improvements.

Four spacious two-bedroom homes were built in 2021, providing

a modern, low-maintenance component to the rent roll, while the

majority of the remaining units have been updated, minimizing

near-term capital needs for a new owner. Recent exterior upgrades,

including a new perimeter fence and refuse enclosure, further

enhance the property’s condition and curb appeal.

Featuring a predominantly two-bedroom unit mix, mature landscaped

grounds, and a quiet residential setting, the asset is well-positioned

to attract long-term renters. Residents benefit from convenient

access to the Lancaster Drive retail corridor, Interstate 5, Highway 22,

downtown Salem, and the area’s major employment centers, creating

a strong foundation for continued occupancy and stable cash flow.