1915 Commercial St Salem, OR 97302
Property details
About 1915 Commercial St
Investor special! Are you ready for an incoming producing, high cap rate, low maintenance investment? Look no further. This specially modified, commercially zoned property is the perfect place for any investor who is looking to expand their portfolio. This property is currently tenant occupied as a group home. Utilizing a property tax exemption and tenant-paid utilities, the financials are impeccable, offering over a 6% cap rate and a cash flowing investment. With modifications specified for group home living including an office, seven bedrooms, two full bathrooms, two living rooms, and a formal dining space, this investment property is plug and play. The exterior features six parking spaces and a large backyard, complete with a Trex deck and playing areas for children. Complete with solar panels for reduced tenant utilities, and a convenient Commercial St location, this is the whole package. Contact your local real estate agent for property financial details. Do not disturb tenants!!!
Highlights
Summary
- Full Bathrooms: 2
- Appliances: Cooktop, Dishwasher, Refrigerator, Range Hood
- Basement: No
- Flooring Type: Laminate
- Interior: Ceiling Fan(s), High Ceilings, Laundry, Wall to Wall Carpet
- Total Bedroom Count: 7
- Attached Garage: No
- Parking: Driveway, Parking Pad
- Exterior: Deck
- Architectural Style: 1 Story, Custom Style
- Heating: Forced Air
- Cooling: Heat Pump
- List Price: $650,000
- Price/SqFt: $200
- Directions: Commercial St
- Year Built: 1976
- Stories: 1
- Living Area: 3,242 SqFt
- Lot Size: 0.31 Acres
- MLS Number: 734018806
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Coldwell Banker Professional
- Office Phone: (503) 538-0468
- Listing Agent: Tim Kaelin
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Last updated on: 7/24/2025, 2:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
3
McKinley Elementary School
Public District KG-5
0.4 mi
•466 McGilchrist St SE
4
Candalaria Elementary School
Public District KG-5
0.9 mi
•935 Hansen Ave S
5
Bush Elementary School
Public District KG-5
1.2 mi
•410 14th St SE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $38,012. Residents of Salem, OR typically earn less than $<35k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Major League Soccer (MLS)
Music Concerts
Pro Boxing
Where do the neighbors shop?
Banana Republic
H&M
IKEA
Where do the neighbors go to eat?
Jack In The Box
Chipotle
Quiznos
What do the neighbors drive?
Toyota
Volkswagen
Lexus
What do the neighbors listen to?
Jazz
Rhythmic Contemporary Hits- Soft Adult Contemporary
Frequently asked questions
About 1915 Commercial St
The listing price of 1915 Commercial St property is $650,000.
The property 1915 Commercial St is a house located in Salem, Oregon, 97302.
Active Listing: 1915 Commercial St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1915 Commercial St are: McKinley Elementary School (GreatSchools Rating 3/10), Candalaria Elementary School (GreatSchools Rating 4/10), Bush Elementary School (GreatSchools Rating 5/10), Howard Street Charter (GreatSchools Rating 8/10), Leslie Middle School (GreatSchools Rating 5/10), Walker Middle School (GreatSchools Rating 4/10), South Salem High School (GreatSchools Rating 7/10), North Salem High School (GreatSchools Rating 4/10), Roberts High School (GreatSchools Rating 2/10).
The property at 1915 Commercial St has 7 bedrooms and 2 bathrooms.
The property 1915 Commercial St is 3,242 SqFt (source: MLS/tax record).
The year of construction for 1915 Commercial St is 1976.
This home is located at 1915 Commercial St in Salem, OR and zip code 97302 in the South Central neighborhood. This 3,242 square foot home, which was built in 1976, sits on a 0.31 acre lot. Features: 7 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 28, 2025 and is currently priced at $650,000.
In June 2025 more than 27 listings in Salem, OR were sold above the asking price. During the same period more than 15 listings were sold at asking price, while more than 26 were sold below. In June 2025 in Salem, OR there were 1.8% more homes for sale than in May. In June 2025, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $439,300.