1720-1738 Broadway St NE - Apartments FOR SALE


Salem, OR 97301- Grant
$1,100,000 USD
503-241-5541
1720-1738 Broadway St NE, Salem, OR for Sale
$1,100,000 USD
Apartments - FOR SALE
1/22
null | 5.7% Cap Rate

1720-1738 Broadway St NE
Salem, OR 97301
Grant


OVERVIEW

HFO is pleased to present Bramble Court Apartments, a well-maintained 10-unit multifamily community in Salem, Oregon, offering investors an attractive value-add opportunity. Ideally suited for a 1031 exchange buyer or an investor transitioning from single-family rentals into multifamily ownership, the property combines operational simplicity with meaningful upside through below-market in-place rents, month-to-month tenancy, and the potential to generate additional income from existing on-site storage. Comprised entirely of spacious 680-square-foot one-bedroom units with private patios or decks, Bramble Court offers an efficient, easy-to-manage unit mix complemented by on-site laundry, off-street parking, and a pet-friendly environment. Located just minutes from downtown Salem, the Oregon State Capitol, and Salem Hospital, the property benefits from a resilient, government- and healthcare-driven employment base, while its proximity to major shopping, public transit, and everyday conveniences supports long-term tenant demand and stable occupancy.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$121 USD /SF

# OF UNITS

10

PRICE/UNIT

$110,000

CAP RATE

5.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bramble Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

RM2

APN/PARCEL ID

584561

ASK ABOUT THIS PROPERTY

Jack StephensHFO Investment Real EstateMore Info
503-241-5541

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Jack StephensHFO Investment Real EstateMore Info
503-241-5541

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.