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Cottage-Style Multifamily Community
For Sale
$2,300,000

1254 8th St NW, Salem, OR 97304

Single-level 1- and 2-bedroom units offer off-street parking, with an on-site laundry facility and select recent updates.

Property SizeContact for details
Days on Market58

Property Features for 1254 8th St NW

General Information

Standard status Active
Property subtype Multi-Family

Taxes and HOA fees

Annual Taxes $13,345

Building Details

Year Built 1966
Units 14
Listed By: Mendell Gosnell
Source: Centurion-res.idxbroker
Added: Jul 10 Changed: Aug 26 Last Checked: Sep 5 at 3:39AM

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 Mendell Gosnell

Investment Insights

Based on property information with market context.

This cottage-style multifamily property features single-level 1- and 2-bedroom units. The community provides off-street parking for all units, supporting everyday tenant convenience. Several units include recent updates, including electric fireplace inserts and dishwashers. The property also includes an on-site laundry facility.

Located in West Salem near shopping and downtown, the setting offers straightforward access to nearby everyday destinations.

The overall layout is designed for easy living with single-level unit configurations and shared laundry on site.

Key Highlights

  • Year built: 1966
  • Single‑level 1- and 2‑bedroom units
  • All units include off‑street parking

Property Analytics

Current Use

8th St Cottages Apartment Complex

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Plumbing Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

658
Businesses Nearby

Demographics for 97304, OR

34,102
Population
14,547
Households
2.3
Avg Household Size
40
Median Age
39%
College-Educated
93%
High-School Grad
56.8 sq mi
ZIP Area
600
Density / Sq Mi
$91,731
Median Household Income
$53,370
Median Earnings
$1,441
Median Rent
$469,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Single-level 1- and 2-bedroom units offer off-street parking, with an on-site laundry facility and select recent updates.
Where is this apartment building located?
The property is located at 1254 8th St NW Salem, OR.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Year built: 1966; Single‑level 1- and 2‑bedroom units; All units include off‑street parking
More about this property
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