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34500457
34500220

1221 River Bend Rd NW, Salem, OR 97304 For Sale

JH
OR 201252457
Norris & Stevens
DC
OR 201208382, WA 128108
Norris & Stevens
Listed by Norris & Stevens
Unpriced
1 day on market
Updated 1 day ago

Riverbend Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 41,550
Units 48
Year Built 2019
Buildings 3
Acreage 2.050
Zoning CO (Commercial Office)

48-Unit Multi-family | Salem, OR

Marketing description

Riverbend Apartments is a 48-unit multifamily community located in the highly desirable

West Salem submarket. Built in 2019, the property features a well-balanced unit mix consisting of 31

one-bedroom/one-bathroom units (770 SF) and 17 two-bedroom/two-bathroom units (1,040 SF)

designed to appeal to today’s renter demographic seeking modern finishes, efficient floor plans, and

convenient access to neighborhood amenities and major employment centers.

Riverbend Apartments benefits from its premier location within one of West Salem’s fastest growing

residential corridors, offering residents convenient access to downtown Salem, retail services,

restaurants, grocery stores, and outdoor recreation. The property is uniquely positioned adjacent

to a popular local food truck pod and beer pavilion, enhancing the overall resident experience

and contributing to the area’s strong community-oriented atmosphere. With strong rental demand

and continued growth throughout West Salem, Riverbend Apartments presents investors with the

opportunity to acquire a high-quality asset in one of the Willamette Valley’s most desirable rental

markets.

Investment highlights

  • West Salem / Polk County location, near downtown Salem and major employment centers
  • Walking distance to retail, dining, and daily conveniences
  • Built 2019, Low Capital Expenditure Needs
  • Limited new multifamily supply in the submarket
  • 48-Unit Scale Attractive to Both Regional and Institutional Buyers

Listing Contacts

JH
OR 201252457
Norris & Stevens
DC
OR 201208382, WA 128108
Norris & Stevens
Listed by Norris & Stevens

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Additional Information

Name
Jake Holman
License
201252457
Brokerage
Norris & Stevens
Brokerage Phone
503.416.8406
Title
Broker, Multi-family Investments
Brokerage Address
900 Southwest 5th Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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