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1354 Lee St SE
Salem, OR 97302
Multifamily Property For Sale · 5 Units

Executive Summary

Value-Add Opportunity: Below-market rents with upside through renovations and rent increases
Seller Credit Available: Partial credit offered toward a new roof.
Month-to-Month Tenants: Flexibility to renovate and reset rents quickly.
Onsite Parking: Convenient parking for tenants and guests.
Strong Location: Near Willamette University and public transit.

Property Facts

Price Per Unit $138,181 CAD
Sale Type Investment
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.25 AC
Building Size 1,624 SF
No. Stories 1
Year Built 1942
Parking Ratio 6.16/1,000 SF
Opportunity Zone Yes
Zoning CO

Amenities

Unit Amenities

  • Heating
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 5 - -

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 596774
  • 596775
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$154,807 CAD
  • Listing ID: 40481185

  • Date on Market: 2026-05-11

  • Last Updated:

  • Address: 1354 Lee St SE, Salem, OR 97302

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