$1,750,000

1155 Howard St SE Unit 1173 Salem, OR 97302

South Central Neighborhood

Estimated payment $10,538/month

Total Views 184
-- Bed
-- Bath
10,774 Sq Ft
$162 Price per Sq Ft

Highlights

  • 0.34 Acre Lot
  • Baseboard Heating
  • Wood Siding

About This Home

Oxford Apartments is a two-story, ten-unit complex sitting on .34 acres in a quiet and desirable South Salem neighborhood. Built in 1962, the Property features nine one-bedroom/one-bathrooms units and a single two-bedroom/one-bathroom unit. Ownership of the property has remained stable since the 1970s, contributing to its exceptional upkeep. Current rents are still 12% below market rates. Recent improvements include all new paint in 2024 and new roof in 2018. Don't miss out on this opportunity!

Listing Agent

Ian Crist

Bridge Creek Realty License #201220465

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,472

Year Built

  • Built in 1962

Lot Details

  • 0.34 Acre Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 10,774 Sq Ft Home
  • 2-Story Property

Schools

  • Leslie Middle School

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 596835

Community Details

Overview

  • 10 Units

Building Details

  • Operating Expense $49,836
  • Gross Income $135,843
  • Net Operating Income $86,007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,472

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1962
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • View: No
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Middle Or Junior School: Leslie

Lot Info

  • Zoning: RM2
  • Lot Size Acres: 0.34
  • Lot Size Sq Ft: 14810.0
  • Parcel #: 596835

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 9471.58

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 10
  • Gross Rent Multiplier: 12.88
  • Annual Gross Income: 135843.0
  • Property Net Operating Income: 86007.0
  • Annual Operating Expense: 49836.0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 For Sale $1,750,000 +16.7% $162 / Sq Ft
11/14/2022 11/14/22 Sold $1,500,000 0.0% $203 / Sq Ft
07/08/2022 07/08/22 For Sale $1,500,000 -- $203 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 663665969

Regional Multiple Listing Service (RMLS)

APN: 073W34AA09700

Oregon Marion County Salem 97302 South Central

1155 Howard St SE Unit 1173, Salem, OR

Homes for Sale in Salem, OR

This home is located at 1155 Howard St SE Unit 1173, Salem, OR 97302 and is currently priced at $1,750,000, approximately $162 per square foot. This property was built in 1962. 1155 Howard St SE Unit 1173 is a home located in Marion County with nearby schools including Bush Elementary School, Leslie Middle School, and South Salem High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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Ian Crist
Listing Agent
Ian Crist
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Bridge Creek Realty
(971) 290-6110