Price Reduction - Primary on Main
Address
227 Commercial St, Salem, OR
Price
$ 299,000
Property Attributes
- ID#837310
- TypeSingle Family
- Listing Status Active
- CountyMARION
- CitySalem
- Area20 CENTRAL SALEM
- NeighborhoodSalem
- Zip97301
- Style
- Year Built2022
- Taxes$ 1562
- Price$ 299,000
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage924
- Lot Size0.1 Acres
Data Source:
Willamette Valley MLS (DEMO ONLY FOR COMPLIANCE)
Property Description
Newly built in 2022, Downtown Salem Loft Condominium, listed for the first time. This 2-bedroom, 1 bath (Jack & Jill style), has been a successful fully furnished rental, offering flexibility for owner-occupants or investors. The open-concept layout features modern finishes, and direct access to two private decks for outdoor enjoyment. Available fully furnished. Rents for $2,500 per month. HOA includes: Water, sewer, garb. exterior maintenance and security. Low-maintenance living in the heart of downtown Salem. The location provides close proximity to Salem Hospital, Willamette University, and the Oregon State Capitol, making it convenient for professionals.
| Elementary School | Middle School | High School |
|---|---|---|
| Bush Elementary School | Leslie Middle School | South Salem High School |
| Price History | |
|---|---|
| 2/5/2026 | Listed $399,000 |
| 5/19/2026 | 3$389,000 |
| 6/19/2026 | 3$379,000 |
| 8/2/2026 | 2$374,000 |
| 9/11/2026 | 21$299,000 |
General Features
| Kitchen Level | 1/Main |
|---|---|
| Possession | COE |
| Water | City,Connected |
| New Construction | No |
| HOA Fee | 325.41 |
| Subdivision | Salem |
| Water Heater | Gas |
| County | Marion |
| Class | Residential |
| Type | Condominium |
| Block | 49 |
| Yearly Taxes | 1562 |
| HOA Fee Frequency | Monthly |
| Roof | Other (Refer to Remarks) |
| Status | ACTIVE |
| 55+ Community | No |
| Assessments or Liens | No |
| Subdivision | OR |
| Handicap Amenities | No |
| HOA | Association With Fee |
| HOA Amounts | Other (Refer to Remarks) |
| Green Home | No |
| Inspection Report Available | No |
| Primary City | Salem |
| Year Built | 2022 |
| Virtual Tour | https://www.tourfactory.com/idxr3234895 |
| City | Salem |
| Middle School | Leslie |
| VIEW | Territorial |
| HOME WARRANTY | No |
| High School | South Salem |
| Postal Code | 97301 |
| Price Per Sq Ft Total AG | 323.59 |
| Price Per Sq Ft Total AG | 323.59 |
| TERMS SELLER WILLCONSIDER | Cash,Conventional,Federal VA,FHA,ODVA |
Interior Features
| Living Room Level | 1/Main |
|---|---|
| Flooring | Carpet,Vinyl |
| Beds | 2 |
| Total Baths | 1 |
| Full Baths | 1 |
| Dining Room | Area (Combination) |
| Fireplace | Electric |
| Baths on Level 1 | 1 |
| Dual Living | No |
| Heating-Cooling | Ductless/Mini-Split,Electric,Wall Furnace |
| Dishwasher | Yes |
| Disposal | Yes |
| High Speed Comm Access | Present |
| Total Baths | 1 |
Exterior Features
| Foundation | Slab |
|---|---|
| Garage Type | None |
| Price per Acre | 2990000 |
| Lot Size Area | 0.1 |
| Water Rights | No |
| Exterior Color | Green |
| Underground Sprinklers | No |
| Outbuildings | Other (Refer to Remarks) |
| Flood Plan | No |
| Patio | Covered Deck |
| Lot | 3 |
| SEWER - CITY | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 97301
Price
Taxes
Year Built
Visits
