10-Unit Apartment
For Sale
Contact for pricing
Pending
1155-1173 Howard St SE, Salem, OR 97302
Two-story multifamily property with recent exterior improvements and a mix of one- and two-bedroom residences.
Property SizeContact for details
Lot Size0.34 Acres
Days on Market143
Property Features for 1155-1173 Howard St SE
General Information
Standard status
Pending
Lot size
0.34 Acres
Property subtype
Multifamily
Units
Unit Mix
9 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
10
Additional Details
Highway Access
Yes
Building Details
Year Built
1962
Buildings
1
Stories
2
Listing Agency:
Marcus & Millichap - Portland
Listed By:
Georgie Christensen-Riley · License #201253912
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Sep 1 at 4:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Portland
Investment Insights
Based on property information with market context.
Oxford Apartments is a two-story multifamily property containing 10 units on 0.34 acres at 1155-1173 Howard St SE in Salem, Oregon. The unit mix includes nine one-bedroom, one-bath residences and one two-bedroom, one-bath residence. Built in 1962, the property has had stable ownership since the 1970s and is now professionally managed.
Recent capital work includes new exterior paint completed in 2024, a roof installed in 2018, and renovations to unit 1163 in 2022. Current rents are 12% below market rates, while professional management has accompanied steady rent growth in recent years.
The property is in South Salem near the Bush Park neighborhood, with access to downtown Salem, I-5, South Salem High School, Willamette University, Salem Hospital, state government offices, and the Oregon State Capitol.
Recent capital work includes new exterior paint completed in 2024, a roof installed in 2018, and renovations to unit 1163 in 2022. Current rents are 12% below market rates, while professional management has accompanied steady rent growth in recent years.
The property is in South Salem near the Bush Park neighborhood, with access to downtown Salem, I-5, South Salem High School, Willamette University, Salem Hospital, state government offices, and the Oregon State Capitol.
Key Highlights
- 10 units across a 0.34‑acre multifamily property
- Unit mix: nine 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit
- Current rents are 12% below market rates
Property Analytics
Current Use
Lease Details
10
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,872
Businesses Nearby
Explore this area
Business Placement
Demographics for 97302, OR
39,776
Population
17,888
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
23.5 sq mi
ZIP Area
1,693
Density / Sq Mi
$83,697
Median Household Income
$44,623
Median Earnings
$1,230
Median Rent
$415,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story multifamily property with recent exterior improvements and a mix of one- and two-bedroom residences.
Where is this apartment building located?
The property is located at 1155-1173 Howard St SE Salem, OR.
What are key features of this property?
This property features: 10 units across a 0.34‑acre multifamily property; Unit mix: nine 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit; Current rents are 12% below market rates
