2585 & 2595 Lee St SE, Salem, OR 97301

Salem
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
Listed by: benjamin orozco, joshua kayAgent: 503-932-4181
Office: fcre home503-364-7400
MLS#:837869
Source:OR_WVMLS
2585 & 2595 Lee St SE,Salem, OR 97301
$1,099,000
  • - Beds
  • 8 Baths
  • 4,080 sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$1,099,000
  • Price per sq. ft.:$269.36

About this home

Accepted Offer with Contingencies. Turn-key eight-unit multifamily investment in Southeast Salem, comprised of two separate one-story four-unit buildings on individual tax lots. Built in 1978 and extensively rehabilitated in 2018–2019 with over $240,000 in capital improvements, the property is in excellent condition throughout. Recent upgrades include roofing, siding, parking, landscaping, interiors, and appliances. Professionally managed with coin-operated laundry, seven on-site parking spaces, landscaped grounds with irrigation, and separately metered electric utilities. Strong in-place operations with upside potential to increase NOI.

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Home facts

  • Year built:1978
  • Listing ID #:837869
  • Added:48 day(s) ago
  • Updated:April 10, 2026 at 07:46 AM

Rooms and interior

  • Total bathrooms:8
  • Kitchen Description:Range Included, Range: Electric
  • Living area:4,080 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1978
  • Building area:4,080 sq. ft.
  • Lot area:0.3 Acres
  • Lot Features:Dimension Above
  • Construction Materials:Shingle, Wood
  • Exterior Features:Underground Sprinklers
  • Foundation Description:Continuous

Schools

  • High school:South Salem
  • Middle school:Leslie
  • Elementary school:Richmond

Utilities

  • Water:City

Finances and disclosures

  • Price:$1,099,000
  • Price per sq. ft.:$269.36
  • Tax amount:$8,600 (25/26)
MLS LogoBased on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

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