$1,290,000
UNDER CONTRACT $128M PRICE DROP

1230 Chemeketa St NE Unit 1248 Salem, OR 97301

Northeast Neighbors Neighborhood

Estimated payment $7,553/month

Total Views 4,763
10 Beds
10 Baths
4,752 Sq Ft
$271 Price per Sq Ft

About This Home

Accepted Offer with Contingencies. Well maintained 10 unit MF cottages, currently achieving 42.6% of market rents. One unit currently vacant for tours. For additional due diligence information please contact listing agent.

Listing Agent

Nick Williams, CCIM

SVN COMMERCIAL ADVISORS, LLC License #201230204 Listed on: 03/14/2025

SVN COMMERCIAL ADVISORS, LLC

Co-Listing Agent

Curt Arthur, SIOR

SVN COMMERCIAL ADVISORS, LLC License #910200259

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,941

Year Built

  • Built in 1925

Lot Details

  • 0.29 Acre Lot

Home Design

  • 4,752 Sq Ft Home

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Community Details

  • 10 Units
  • Chemeketa Cottages Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,941

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Syndicated Remarks: Accepted Offer with Contingencies. Well maintained 10 unit MF cottages, currently achieving 42.6% of market rents. One unit currently vacant for tours. For additional due diligence information please contact listing agent.
  • Cross Street: 13th St NE
  • Year Built: 1925
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 10
  • Total Bedrooms: 10
  • Price Per Sq Ft: 271.46
  • Price Per Sq Ft: 271.46

Lot Info

  • Acres: 0.29
  • Estimated Lot Sq Ft: 4752
  • Price Per Acre: 4448275.86
  • Zoning: MU-1
  • Property Name: Chemeketa Cottages
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 24-25
  • Tax Account Number: 587786
  • Tax Amount: 6941

Multi Family

  • Number Of Units: 10

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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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
03/31/2025 03/31/25 Price Changed $1,290,000 -99.0% $271 / Sq Ft
03/14/2025 03/14/25 For Sale $129,000,000 -- $27,146 / Sq Ft
Source: Willamette Valley MLS

Source: Willamette Valley MLS

MLS Number: 827081

Willamette Valley MLS

APN: 073W26BB02100

Oregon Marion County Salem 97301 Northeast Neighbors

1230 Chemeketa St NE Unit 1248, Salem, OR

This home is located at 1230 Chemeketa St NE Unit 1248, Salem, OR 97301 and is currently priced at $1,290,000, approximately $271 per square foot. This property was built in 1925. 1230 Chemeketa St NE Unit 1248 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.

Willamette Valley MLS Based 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. WVMLS Member Broker: Arlene Richardson

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Nick Williams, CCIM
Listing Agent
Nick Williams, CCIM
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SVN COMMERCIAL ADVISORS, LLC
(503) 647-6553