$1,190,000
805-875 Gerth Ave NW
Details
APN 251769
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,200
Units 8
Cap Rate 7.71%
NOI $91,714
Occupancy 100%
Tenancy Multi
Price per SqFt $192
Class B
Year Built 1978
Year Renovated 2020
Buildings 2
Stories 2
Acreage 0.429
Zoning RM2
Parking Spaces 15 spaces
Parking Per SqFt 2.42
Multifamily | 8 Units | $148,750/unit
Marketing description
This 8-unit multifamily property is located in Salem, Oregon, offering a strong investment opportunity with 100% occupancy. The property consists of 2 buildings totaling 6,200 square feet on a 0.429-acre lot. Built in 1978 and renovated in 2020, the property features 5 one-bedroom and 3 two-bedroom units with modern amenities. The property is zoned RM2 and classified as a Class B building in an A location.
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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$91,714.00
$7,642.83/mo
Valuation Metrics
0
DSCR
7.71%
Cap Rate
7.71%
ROI
Map
Zoning
RM2 ResidentialMulti FamilyMultiple Family Residential 2
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View all 115 uses Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics
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