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$599,000 Just Listed
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Property Description
Step into the largest of the Downtown Salem Loft Condominiums. This is a rare 3-bedroom, 1-bath residence in the iconic Starkey-McCully building, where speakeasy legends still whisper through the walls. Original hardwood floors from the 1800s anchor this extraordinary space, offering a warmth and authenticity no modern build can match. Soaring ceilings and thoughtful design create an airy, livable layout that honors the building's storied past while embracing today's comforts. Unwind in the jetted tub or prep meals with a premium Sub-Zero refrigerator; modern luxuries that complement the loft's timeless character. Location defines this opportunity. Near Salem Hospital, Willamette University, and the Oregon State Capitol. An unbeatable advantage for professionals, students, or savvy investors. Currently thriving as a fully furnished short-term rental, this turnkey property offers immediate income potential in one of Salem's most historic addresses. Own more than a home, own a piece of Salem's history.
Full Property Details
Full Property Details for 231 Commercial St NE
General
- Price: $599,000
- HOA FEE: $564/month
- Taxes: $3,221 (25)
- Status: Active
- Type: Condo
- Source: WVMLS
- MLS ID: 836883
- Updated: 2/5/2026
- Added to Site: 3 day(s) ago
Interior
- Flooring: Vinyl, Wood
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Exterior
- Color: Orange
Parking
- Garage Description: None
Location
- County: CENTRAL SALEM
- Subdivision: Salem
- Driving Directions: I5 to OR 22 W, to Church St SE, to Chemeketa St. NE to Commercial St. NE
School Information
- Elementary School: Bush
- Middle School: Leslie
- High School: South Salem
Heating & Cooling
- Heating/Cooling: Forced Air
- Water Heater: Gas
Utilities
- Sewer: Yes
- Water: City, Connected
Structural Information
- Roof: Other (Refer to Remarks)
- Square Feet: 1,906
- Year Built: 1867
Lot Features
- Lot Size (Acres): 0.1
- Lot Description: 3
Financial Considerations
- Price Per Sq. Ft.: $314.27
- Association Fee: $564
- Assoc Fee Freq.: Monthly
- Assessment Year: 1867
- Tax Amount: $3,221
- Tax Year: 25
Disclosures and Reports
- Lot Number: 3
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Schools
Schools serving 231 Commercial St NE
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Bush Elementary School 410 14th Street Southeast, Salem, OR 97301 | K-5 | 1 mi |
Leslie Middle School 3850 Pringle Road Southeast, Salem, OR 97302 | 6-8 | 3 mi |
South Salem High School 1910 Church Street Southeast, Salem, OR 97302 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 231 Commercial St NE
Date
Details
Price
Change
Source
2/04/2026
Listed
$599,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 231 Commercial St NE
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,079
3%
$513,320
3%
2023
$9,781
6%
$498,370
6%
2021
$9,236
-3%
$469,770
-3%
2022
$9,508
6%
$483,860
6%
2020
$8,967
7%
$456,090
3%
2019
$8,392
-2%
$442,810
3%
2018
$8,540
243%
$429,920
219%
2017
$2,488
5%
$134,700
3%
2016
$2,369
-1%
$130,780
3%
2015
$2,387
3%
$126,980
3%
2014
$2,310
2%
$123,290
3%
2013
$2,263
—
$119,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 231 Commercial St NE
231 Commercial St NE, Salem, OR 97301 (MLS# 836883) is a Condo property with 3 bedrooms and 1 full bathroom. 231 Commercial St NE is currently listed for $599,000 and was received on February 04, 2026. Want to learn more about 231 Commercial St NE? Do you have questions about finding other Condo real estate for sale in Central Area? You can browse all Central Area real estate or contact a Coldwell Banker agent to request more information.

