42-Unit Multifamily Apartment
For Sale
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4433-4437 Mahrt Ave SE, Salem, OR 97317
New-construction 42-unit multifamily property with in-unit washer/dryer, covered patios or decks, and air conditioning.
Property SizeContact for details
Lot Size1.81 Acres
Days on Market132
Property Features for 4433-4437 Mahrt Ave SE
General Information
Standard status
Active
Total Parking Spaces
84
Lot size
1.81 Acres
Property subtype
Multifamily
Zoning
RM
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
42
Building Details
Year Built
2022
Tenancy
Multi
Listing Agency:
Tradition Real Estate Partners
(503) 910-3055
Listed By:
AJ Nash · License #OR 201208908
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 7:46AM
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 Tradition Real Estate Partners
Investment Insights
Based on property information with market context.
Shepherds Crossing Apartments is a 2021/2022 new construction, 42-unit multifamily opportunity. The unit mix includes one-, two-, and three-bedroom apartments, with all units featuring a full washer/dryer, a covered patio or deck, and air conditioning. The property also includes a designated dog walk area and 84 total parking spaces.
The building is located on Mahrt Ave SE, one block south of State Street in Salem. The site is described as 1.81 acres of RM zoned property, and the remarks note proximity to Lancaster Drive with Interstate 5 access from Market Street.
On-site configuration is supported by the stated bedroom and bathroom distributions, including 24 one bedroom/one bath units, 12 two bedroom/two bath units, and 6 three bedroom/two bath units.
The building is located on Mahrt Ave SE, one block south of State Street in Salem. The site is described as 1.81 acres of RM zoned property, and the remarks note proximity to Lancaster Drive with Interstate 5 access from Market Street.
On-site configuration is supported by the stated bedroom and bathroom distributions, including 24 one bedroom/one bath units, 12 two bedroom/two bath units, and 6 three bedroom/two bath units.
Key Highlights
- 2021/2022 new‑construction Shepherds Crossing Apartments: 42‑unit multifamily property on 1.81 acres
- Unit mix: 24 one‑bed/one‑bath, 12 two‑bed/two‑bath, and 6 three‑bed/two‑bath units
- In‑unit washer/dryer included in all units; also offers covered patios or decks and air conditioning
Property Analytics
Current Use
Lease Details
42
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Explore this area
Business Placement
Demographics for 97317, OR
25,852
Population
9,024
Households
2.9
Avg Household Size
38
Median Age
22%
College-Educated
86%
High-School Grad
55.2 sq mi
ZIP Area
468
Density / Sq Mi
$81,208
Median Household Income
$39,794
Median Earnings
$1,370
Median Rent
$382,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - New-construction 42-unit multifamily property with in-unit washer/dryer, covered patios or decks, and air conditioning.
Where is this apartment building located?
The property is located at 4433-4437 Mahrt Ave SE Salem, OR.
What are key features of this property?
This property features: 2021/2022 new‑construction Shepherds Crossing Apartments: 42‑unit multifamily property on 1.81 acres; Unit mix: 24 one‑bed/one‑bath, 12 two‑bed/two‑bath, and 6 three‑bed/two‑bath units; In‑unit washer/dryer included in all units; also offers covered patios or decks and air conditioning
