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640-650 14th St
Salem, OR 97301
Maple View Apartments · Multifamily Property For Sale
·
6 Units
Executive Summary
Maple View Apartments is a fully occupied, six-unit multifamily asset in central Salem offering investors stabilized income from day one. The property features spacious two-bedroom floor plans averaging approximately 1,000 square feet — well above typical small multifamily comparables — and has benefited from recent capital improvements including new electrical panels and wall heaters throughout, reducing near-term maintenance exposure. Situated in Oregon's capital city with proximity to major institutional employers such as the State of Oregon, Salem Health, and Salem-Keizer Public Schools, the property is supported by a stable local employment base and consistent rental demand. At just six units, Maple View presents an accessible, manageable investment opportunity well suited for private investors seeking reliable income in an established market.
Property Facts
| Price Per Unit | $199,849 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.20% | Building Size | 6,045 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 0.99/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM2 | ||
| Price Per Unit | $199,849 CAD |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 6,045 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | RM2 |
Amenities
Unit Amenities
- Disposal
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Basement
- Pantry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 1,000 |
Property Taxes
| Parcel Number | 526716 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $455,959 CAD |
Property Taxes
Parcel Number
526716
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$455,959 CAD
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