Date
Details
Price
Change
Source
2/20/2026
Listed
$1,099,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/13
$1,099,000 Just Listed
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1/13
Property Description
Turn-key eight-unit multifamily investment in Southeast Salem, comprised of two separate one-story four-unit buildings on individual tax lots. Built in 1978 and extensively rehabilitated in 2018-2019 with over $240,000 in capital improvements, the property is in excellent condition throughout. Recent upgrades include roofing, siding, parking, landscaping, interiors, and appliances. Professionally managed with coin-operated laundry, seven on-site parking spaces, landscaped grounds with irrigation, and separately metered electric utilities. Strong in-place operations with upside potential to increase NOI.
Full Property Details
Full Property Details for 2585 & 2595 Lee St SE
General
- Price: $1,099,000
- Taxes: $8,600 (25/26)
- Status: Active
- Type: Multi-Family
- Source: WVMLS
- MLS ID: 837869
- Updated: 2/20/2026
- Added to Site: 1 day(s) ago
Interior
- Flooring: Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 8
Exterior
- Color: Sage
Location
- County: CENTRAL SALEM
- Subdivision: Simpson Add
- Complex: Lee Street Apartments
- Driving Directions: 25th St SE to East Lee St SE
School Information
- Elementary School: Richmond
- Middle School: Leslie
- High School: South Salem
Utilities
- Sewer: City
- Water: City
Structural Information
- Roof: Composition
- Square Feet: 4,080
- Year Built: 1978
Unit Information
- Units in Building: 8
Unit 4
- Level: Fidelity
Lot Features
- Lot Size (Acres): 0.3
- Zoning: RM2
- Lot Description: 16
Financial Considerations
- Price Per Sq. Ft.: $269.36
- Price Per Acre: $3,663,333.33
- Assessment Year: 1978
- Assessment Amount: $103
- Tax Amount: $8,600
- Tax Year: 25/26
Disclosures and Reports
- Lot Number: 16
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Schools
Schools serving 2585 & 2595 Lee St SE
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Richmond Elementary School 466 Richmond Avenue Southeast, Salem, OR 97301 | K-5 | 0.2 mi |
Leslie Middle School 3850 Pringle Road Southeast, Salem, OR 97302 | 6-8 | 2.1 mi |
South Salem High School 1910 Church Street Southeast, Salem, OR 97302 | 9-12 | 1.5 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 2585 & 2595 Lee St SE
Estimate the Cost
Estimate the Cost for 2585 & 2595 Lee St SE
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- Manufactured Home
- Active
- Updated 2 days ago
- 2Beds
- 2Total Baths
- 1,344Sq. Ft.
Listed by HomeSmart Realty Group, Bethany Reeves
- Multi-Family
- Active
- Updated 1 day ago
- 8Total Beds
Listed By: ERIC. SWANSON | Smi Real Estate
- Manufactured Home
- Active
- Updated 2 days ago
- 2Beds
- 2Total Baths
- 1,344Sq. Ft.
Listed By: BETHANY. REEVES | Homesmart Realty Group
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 2,066Sq. Ft.
Listed By: JOELLE. CAMILLO | Sundance Realty Llc
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- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 4Total Baths
- 3,781Sq. Ft.
Listed By: ERICA. RUMPCA | Bst Realty, Llc-Keizer
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,405Sq. Ft.
Listed By: SUSAN. SCULLY | Coldwell Banker Mountain West Real Estate, Inc.
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 3Total Baths
- 1,926Sq. Ft.
Listed By: JORDAN. SPARKS | Smi Real Estate and HANNAH. FOUTS-SPARKS | Smi Real Estate
- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 4Total Baths
- 3,016Sq. Ft.
Listed By: TROY. RENSHAW | Homesmart Realty Group
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- Multi-Family
- Closed
- 12Total Beds
Listed By: CHERISE. KISH | Keller Williams Realty Mid Willamette
Sold by CORY. CARLSON | Constant Commercial Real Estate Inc
Sold by CORY. CARLSON | Constant Commercial Real Estate Inc
- Multi-Family
- Closed
Listed By: RUTH. DANA | First Commercial Real Estate
Sold by NOM. NON-MEMBER SALE | Non-Member Sale
Sold by NOM. NON-MEMBER SALE | Non-Member Sale
- Retail
- Sold
Listed by SMI Commercial Real Estate LLC, Elesa Doll
Sold by Non Rmls Broker, OR and WA Non Rmls
Sold by Non Rmls Broker, OR and WA Non Rmls
- Multi-Family
- Closed
- 10Total Beds
Listed By: NICK. WILLIAMS | Svn Commercial Advisors, Llc and CURT. ARTHUR | Svn Commercial Advisors, Llc
Sold by SABRINA. JAMES | Smi Real Estate
Sold by SABRINA. JAMES | Smi Real Estate
2585 & 2595 Lee St SE, Salem, OR 97301 (MLS# 837869) is a Multi-Family property with 8 units containing 8 bedrooms and 0 full bathrooms. 2585 & 2595 Lee St SE is currently listed for $1,099,000 and was received on February 20, 2026. Want to learn more about 2585 & 2595 Lee St SE? Do you have questions about finding other Multi-Family real estate for sale in Croisan-Illahe? You can browse all Croisan-Illahe real estate or contact a Coldwell Banker agent to request more information.