MLS# 23610414 – 145 Liberty St Ne, Salem, OR 97301 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of GA Cooke Real Estate Services.

Property Description

Description

11 Units

Status: Active

Year Built: 1894

Days on Website: 448

Historic Bishop Building in Downtown Salem. Mixed use Apartments and Retail. Arguably the most high-end apartment's in downtown area. Each 2 Bed apartment is a town home and current rents range from $1,700-$2,250/ month and six units have $125 rent increases in March. Quality retail tenants and long term leases. Vacant basement provides additional upside. Please Do Not Disturb Tenants.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

FullBasement

Building

Building Area Total:

21900

Built in 1894

Storage:

Basement

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Community

Community Features:

Commons

Expenses

Operating Expense:

$87,745

Exterior Features

Exterior Description:

Brick

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

5.49

Gross Income:

$329,503

Gross Rent Multiplier:

13.35

Net Operating Income:

$241,758

Listing

Contract Status Change Date:

2023-11-03

Days On Market:

450

Last Transaction Date:

2025-01-13 10:19:38

List Price:

$4,400,000

Listing Contract Date:

2023-11-03

Listing Id:

23610414

Mls Status:

Active

Modification Timestamp:

2025-01-13 10:19:38

On Market Date:

2023-11-03

Previous List Price:

$4,600,000

Rent Includes:

Sewer,Water

Standard Status:

Active

Location

MLS Area Major:

_174

County Or Parish:

Marion

Lot

Features:

Level

Size Range:

SqFt7000to9999

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Incomplete

Property

Number Of Units Total:

Property Condition:

Restored

Zoning:

Mix

Schools

Middle Or Junior School:

Parrish

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$35,928

Legal Description

Tax Year:

2022

Unit One

Actual Rent:

$2,100

Area:

1700

Features:

Range,Refrigerator,WasherDryerHookup,WoodFloors

Units Total:

2 total bathrooms

2 total bedroom

Unit Two

Actual Rent:

$6,452

Area:

4127

Units Total:

1 total bathroom

Unit Three

Actual Rent:

$2,500

Area:

2073

Units Total:

Unit Four

Area:

2100

Units Total:

Utilities

Fuel Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$4,400,000 -

145 Liberty St Ne Salem , OR 97301

MLS Area Major: _174

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on January 26, 2025 11:46PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.