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$1,000,000

  • Sold
  • Closed
  • Multi-Family
  • 8 Total Beds

Listed By: BENJAMIN. OROZCO | Fcre Home | (503) 932-4181 and JOSHUA. KAY | First Commercial Real Estate | (503) 931-3521
Sold by SHANE. MATTHEWS | Homestar Brokers | Agent: 503-932-4181

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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.

Full Property Details for 2585 & 2595 Lee St SE

General

  • Sold For: $1,000,000
  • Taxes: $8,600 (25/26)
  • Status: Closed
  • Type: Multi-Family
  • Source: WVMLS
  • MLS ID: 837869
  • Added to Site: 109 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.: $245.1
  • Price Per Acre: $3,663,333.33
  • Assessment Year: 1978
  • Assessment Amount: $103
  • Tax Amount: $8,600
  • Tax Year: 25/26

Disclosures and Reports

  • Block: Parcela, LLC
  • Lot Number: 16

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NMLS#: 1598647

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Schools serving 2585 & 2595 Lee St SE

School District:Salem-Keizer School District 24j
NameGradesDistance
Richmond Elementary School
466 Richmond Avenue Southeast, Salem, OR 97301
K-50.2 mi
Leslie Middle School
3850 Pringle Road Southeast, Salem, OR 97302
6-82.1 mi
South Salem High School
1910 Church Street Southeast, Salem, OR 97302
9-121.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2585 & 2595 Lee St SE

Date
Details
Price
Change
Source
5/08/2026
Sold
$1,000,000
-9.01%
MLS
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.

Just Listed near 2585 &amp 2595 Lee St SE

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2184 Rock Ledge Dr NE, Keizer, OR 97303 - Photo 1 Just Listed
$540,000

2184 Rock Ledge Dr NE  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,848
    Sq. Ft.
Listed By: KATHY. HAUGE | Legacy Real Estate
806 Nightingale Ct NE, Keizer, OR 97303 - Photo 1 Just Listed
$475,000

806 Nightingale Ct NE  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 6 hours ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,328
    Sq. Ft.
Listed By: STEVE. BOLTON | John L. Scott-Salem
815 Claggett St NE, Keizer, OR 97303 - Photo 1 Just Listed
$1,385,000

815 Claggett St NE  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 5 days ago
  • 6
    Beds
  • 4
    Total Baths
  • 4,289
    Sq. Ft.
Listed By: RYAN. STECKLY | Homesmart Realty Group
1364-1368 Northern Heights Lp NE, Keizer, OR 97303 - Photo 1 Just Listed
$990,000

1364-1368 Northern Heights Lp NE  Keizer, OR 97303

  • Multi-Family
  • Active
  • Updated 5 days ago
  • 7
    Total Beds
Listed By: MELINA. TOMSON | Tomson Burnham, Llc

Price Reduced near 2585 &amp 2595 Lee St SE

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1143 Chemawa Lp NE, Keizer, OR 97303 - Photo 1 Price Reduced
-$11,500 (-29.49%)
$27,500

1143 Chemawa Lp NE  Keizer, OR 97303

  • Manufactured Home
  • Active
  • Updated 4 days ago
  • 1
    Bed
  • 1
    Total Bath
  • 800
    Sq. Ft.
Listed By: AUSTIN. NATIVIDAD | Homesmart Realty Group
6719 Westridge Ct N, Keizer, OR 97303 - Photo 1 Price Reduced
-$29,100 (-3.74%)
$749,900

6719 Westridge Ct N  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 3
    Total Baths
  • 3,016
    Sq. Ft.
Listed by HomeSmart Realty Group, Troy Renshaw
2039 Flag Stone Ct, Keizer, OR 97303 - Photo 1 Price Reduced
-$14,900 (-2.61%)
$555,000

2039 Flag Stone Ct  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 4 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 2,204
    Sq. Ft.
Listed by Windermere Pacific Crest Realty, Dominic Doty and Windermere Pacific Crest Realty, Devri Doty
4927 Trade Wind Ave, Keizer, OR 97303 - Photo 1 Price Reduced
-$12,000 (-3%)
$388,000

4927 Trade Wind Ave  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 6 days ago
  • 3
    Beds
  • 1
    Total Bath
  • 1,008
    Sq. Ft.
Listed by Opendoor Brokerage LLC, Sharon Parmenter

Recent Sales near 2585 &amp 2595 Lee St SE

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648-658 Breys Av NE, Salem, OR 97301 - Photo 1 Sold
$1,030,000

648-658 Breys Av NE  Salem, OR 97301

  • Multi-Family
  • Closed
  • Updated 10 days ago
  • 12
    Total Beds
Listed By: DANA and ALAN. BURK | Keller Williams Capital City and ASHLEY DIANE. WINGETT | Keller Williams Capital City
Sold by JORDYN. JONES | The Agency Portland
1094 15th St SE, Salem, OR 97301 - Photo 1 Sold
$1,100,000

1094 15th St SE  Salem, OR 97301

  • Multi-Family
  • Closed
  • 12
    Total Beds
Listed By: CHERISE. KISH | Keller Williams Realty Mid Willamette
Sold by CORY. CARLSON | Constant Commercial Real Estate Inc
1515 13th St, Salem, OR 97302 - Photo 1 Sold
$975,000

1515 13th St  Salem, OR 97302

  • Retail
  • Sold
Listed by SMI Commercial Real Estate LLC, Elesa Doll
Sold by Non Rmls Broker, OR and WA Non Rmls
4072 Dornoch Ln, Salem, OR 97302 - Photo 1 Sold
$878,131

4072 Dornoch Ln  Salem, OR 97302

  • Single Family
  • Closed
  • 2
    Beds
  • 3
    Total Baths
  • 2,129
    Sq. Ft.
Listed By: EVE. OLSEN | Homesmart Realty Group
Sold by NOM. NON-MEMBER SALE | Non-Member Sale

2585 & 2595 Lee St SE, Salem, OR 97301 (MLS# 837869) is a Multi-Family property that was sold at $1,000,000 on May 08, 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.