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1225 Riverbend Rd Nw , Salem, OR 97304
3 Beds
3 Baths
41,820 sqft

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*Construction completed July 2020* Three 3-story apartment buildings on approximately 2-acre lot just off Wallace Rd in desirable West Salem. 48 total units comprised of 1BD/1BA & 2BD/2BA all w/ washer/dryer, kitchen appliances, deck/patio & parking included. Each apartment to contain ductless cooling & cadet heating units. One ADA apartment available w/ 15 more adaptable. Landscaping & common areas include walking trail, play structure & green space. Growing rental market.
  • Price:
  • $8,900,000
  • Bedrooms:
  • 3
  • Square Footage:
  • 41,820
  • Year Built:
  • 2020
  • Listing ID #:
  • 19010294
  • Street Address:
  • 1225 Riverbend Rd Nw
  • City:
  • Salem
  • State:
  • Oregon
  • Postal Code:
  • 97304
  • County:
  • Polk
  • Community:
  • Polk Co: West Salem N
  • Listing Status:
  • Active
3
out of 5

Brush College Elementary School
Public
K-5
275 students
21 student/
teacher
4
out of 5

Straub Middle School
Public
6-8
621 students
22 student/
teacher
4
out of 5

West Salem High School
Public
9-12
1760 students
21 student/
teacher
  • Building Condition:
  • New Construction
  • Building Security:
  • Security Lights
  • Foundation:
  • Slab
  • Rent Includes:
  • Cable Tv, Electricity, Trash Collection, Sewer, Water, Maintenance Grounds
  • Siding:
  • Board & Batten Siding, Lap Siding
  • Stories:
  • 3
  • Total Building Square Footage:
  • 41820
  • Type Of Roof:
  • Composition
  • Unit 1 - Square Footage Available:
  • 770
  • Unit 2 - Square Footage Available:
  • 1040
  • Unit Features:
  • Deck, Refrigerator, Washer/Dryer, Air Conditioning
  • Unit1 Bathrooms:
  • 1
  • Unit1 Bedrooms:
  • 1
  • Unit1 Features:
  • Deck, Refrigerator, Washer/Dryer, Air Conditioning
  • Unit2 Bathrooms:
  • 2
  • Unit2 Bedrooms:
  • 2
  • Unit2 Features:
  • Deck, Refrigerator, Washer/Dryer, Air Conditioning
  • View:
  • Territorial
  • Year Built:
  • 2020
  • Year Built Description:
  • New Construction
  • Conforms To Zoning:
  • C0
  • Lot Description:
  • Sloped, Trees
  • Lot Size:
  • 1 To 2.99 Acres
  • Legal Description:
  • Adjusted Tax Lot 10000, Polk County Assessor's Map 7.3.16ba
  • List Date:
  • 2019-11-25
  • Previous Listing Price:
  • 10000000
  • Terms:
  • Call Listing Agent, Cash, Conventional
  • Property Taxes:
  • $2,094
  • Tax Year:
  • 2019
  • Parking Description:
  • Assigned, Guest
  • Cooling Description:
  • Wall Unit(s)
  • Heating Fuel:
  • Electricity
  • Sewage Type:
  • Public Sewer
  • Utilities Included:
  • Cable Tv, Electricity, Trash Collection, Sewer, Water, Landscaping
  • Water Heater:
  • Electricity
  • Water Amenities:
  • Public

The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Premiere Property Group
  • All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated 8/9/2020 9:56 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. ORREG
  • Schools information provided by ATTOM