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$1,190,000

  • Sold
  • Sold
  • Multi-Family
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Exceptional investment opportunity in West Salem! This well-maintained 8-unit apartment complex offers a strong income-producing asset in a desirable location close to schools, shopping, parks, and downtown Salem. Built in 1978 this property has been well maintained with a newer 5 year old roof, and possibility to be split into two separate 4-plexes. Property has convenient dedicated parking lot with 16 spaces. On site laundry that produces extra income. Situated on approximately 0.43 acres, this turnkey multifamily property is positioned to benefit from continued rental demand in the West Salem market. A quality addition to any investment portfolio with long-term upside. Buyer to perform their own due diligence regarding a potential split.

Full Property Details for 875 Gerth Ave NW

General

  • Sold For: $1,190,000
  • Taxes: $8,203 (2025)
  • Status: Sold
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 475632325
  • Added to Site: 60 day(s) ago

Rental Information

  • Rent Includes: Sewer, Trash Collection

Additional Information

  • Security/Safety: None

Parking

  • Total Spaces: 16
  • Parking Features: Assigned, Paved

Location

  • County: Polk
  • Driving Directions: GERTH AVE NW BETWEEN 8TH ST NW AND 9TH ST NW

School Information

  • Midd School District: Walker
  • Elementary School: Myers
  • Middle School: Walker
  • High School: West Salem

Community

  • Community Name: 168 - Polk Co: West Salem N

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Basement Desc.: Crawl Space
  • Roof: Composition, Shingle
  • Stories/Levels: 2
  • Square Feet: 6,200
  • Year Built: 1978
  • Property Condition: Updated/Remodeled

Lot Features

  • Lot Size (Acres): 0.43
  • Lot Size (Sq. Ft.): 18,730
  • Lot Size: 15, 000 to 19, 999 SqFt
  • Frontage: Paved
  • Lot Features: Cleared, Level, Public Road

Financial Considerations

  • Operating Expenses: $30,940
  • Tax Amount: $8,203.78
  • Tax Year: 2025
  • Terms: Call Listing Agent, Cash, Conventional, Other

Disclosures and Reports

  • Disclosures/Reports: Disclosure
  • Property ID: 251769

Listed by ICON Real Estate Group (541) 915-2080, Joshua Glaspie (541) 359-9132
Sold by iHomes (503) 881-4242, Dieter Wehner

Listing agent

— 875 Gerth Ave NW —

  • Joshua Glaspie

    ICON Real Estate Group

    541-915-2080

ICON@TheICONREGroup.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 875 Gerth Ave NW

School District:Salem-Keizer School District 24j
NameGradesDistance
Myers Elementary School
2160 Jewel Street Northwest, Salem, OR 97304
K-50.7 mi
Walker Middle School
1075 8th Street Northwest, Salem, OR 97304
6-80.1 mi
West Salem High School
1776 Titan Drive Northwest, Salem, OR 97304
9-121.4 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 875 Gerth Ave NW

Date
Details
Price
Change
Source
7/16/2026
Sold
$1,190,000
—
MLS
6/29/2026
Listed
$1,190,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by ICON Real Estate Group (541) 915-2080, Joshua Glaspie (541) 359-9132
Sold by iHomes (503) 881-4242, Dieter Wehner

Just Listed near 875 Gerth Ave NW

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4135 Rivercrest Dr N, Keizer, OR 97303 - Photo 1 Just Listed
$999,000

4135 Rivercrest Dr N  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 37 minutes ago
  • 4
    Beds
  • 3
    Total Baths
  • 4,260
    Sq. Ft.
Listed By: BARB. NORRIS | Redfin
229 Hazelbrook Dr N, Keizer, OR 97303 - Photo 1 Just Listed
$579,900

229 Hazelbrook Dr N  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 2 days ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,280
    Sq. Ft.
Listed By: JAKE. LUCEY | Tradition Real Estate Partners
752 Merlot Ave NE, Keizer, OR 97303 - Photo 1 Just Listed
$550,000

752 Merlot Ave NE  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 4 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,911
    Sq. Ft.
Listed By: SHAUGHN. TUPPER | Premiere Property Group, Llc - South Salem
514 Juedes Ave N, Keizer, OR 97303 - Photo 1 Just Listed
$439,900

514 Juedes Ave N  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,457
    Sq. Ft.
Listed By: THERESA. DOUTT | Realty One Group Willamette Valley

Price Reduced near 875 Gerth Ave NW

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5173 10th Ave NE, Keizer, OR 97303 - Photo 1 Price Reduced
-$5,000 (-1.06%)
$466,999

5173 10th Ave NE  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 13 minutes ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,056
    Sq. Ft.
Listed By: EDEL. LOPEZ | Realty Of America, Llc
1704 Springtime Ct NE, Keizer, OR 97303 - Photo 1 Price Reduced
-$11,000 (-2.82%)
$379,000

1704 Springtime Ct NE  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,536
    Sq. Ft.
Listed By: GRIT. PHILLIPS | Modern Realty Group Llc
4927 Trade Wind Ave, Keizer, OR 97303 - Photo 1 Price Reduced
-$5,000 (-1.37%)
$360,000

4927 Trade Wind Ave  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 1
    Total Bath
  • 1,008
    Sq. Ft.
Listed by Opendoor Brokerage LLC, Sharon Parmenter
5646 Takelma Ct NE, Keizer, OR 97303 - Photo 1 Price Reduced
-$10,000 (-1.9%)
$515,000

5646 Takelma Ct NE  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,609
    Sq. Ft.
Listed By: JOSH. GLASPIE | Icon Real Estate Group

Recent Sales near 875 Gerth Ave NW

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805 Gerth Ave NW, Salem, OR 97304 - Photo 1 Sold
$1,190,000

805 Gerth Ave NW  Salem, OR 97304

  • Multi-Family
  • Closed
  • 11
    Total Beds
Listed By: JOSH. GLASPIE | Icon Real Estate Group
Sold by DIETER. WEHNER | iHOMES
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
  • 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
1440 Rafael Ave N, Keizer, OR 97303 - Photo 1 Sold
$1,100,000

1440 Rafael Ave N  Keizer, OR 97303

  • Single Family
  • Closed
  • 3
    Beds
  • 3
    Total Baths
  • 2,603
    Sq. Ft.
Listed By: CHUN. TRUONG | Homesmart Realty Group
Sold by ANA. SOLORIO ARREDONDO | Harcourts Lifestyle Realty
4255 Eola Dr NW, Salem, OR 97304 - Photo 1 Sold
$1,200,000

4255 Eola Dr NW  Salem, OR 97304

  • Single Family
  • Closed
  • 4
    Beds
  • 4
    Total Baths
  • 4,715
    Sq. Ft.
Listed and Sold by DEWEY. WHITTON | The Salem Real Estate Group

875 Gerth Ave NW, Salem, OR 97304 (MLS# 475632325) is a Multi-Family property that was sold at $1,190,000 on July 16, 2026. Want to learn more about 875 Gerth Ave NW? Do you have questions about finding other Multi-Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.