224-226 Stark St N

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224-226 Stark St N

Salem, OR 97303
Asking Price
$350K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The property is located at 224-226 Stark St N in Salem.
  • This multifamily apartment building is available for $350,000.
  • Salem provides a stable economic base driven by state government employment.
  • The location offers direct access to the wider Willamette Valley market.
  • Residential demand remains consistent within this regional capital city submarket.

What's Special

Priced at $350,000, this multifamily apartment building is positioned at 224-226 Stark St N in Salem, Oregon. The property sits within a key regional hub that benefits from steady demand for residential housing near the Willamette Valley. Salem serves as the state capital and a significant center for government and administrative employment, providing a stable economic foundation for local rental markets. The area is well-connected by regional transit infrastructure, supporting consistent occupancy levels for residential assets of this scale. Investors may find value in this asset as a potential addition to a stabilized portfolio or as an entry-level acquisition in the Salem submarket. The apartment building configuration offers utility for long-term residential leasing strategies. Its location provides residents with access to local amenities and professional employment centers throughout the greater metropolitan area, making it a functional choice for those seeking to maintain a foothold in the growing Oregon capital region.

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NOI
$80,000
Cap Rate
22.86%
DSCR
3.85
Strong
Cash-on-Cash
56.40%
Monthly Payment
$1,731.609
Annual Cash Flow
$59,220.692

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