Date
Details
Price
Change
Source
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.
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1/40
$1,190,000 Sale Pending
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Property Description
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
Full Property Details for 875 Gerth Ave NW
General
- Price: $1,190,000
- Taxes: $8,203 (2025)
- Status: Pending
- Type: Multi-Family
- Source: RWMLS
- MLS ID: 475632325
- Updated: 7/3/2026
- Added to Site: 15 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
- 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
- Legal Description: 251769
- Disclosures/Reports: Disclosure
- Property ID: 251769
Listed by ICON Real Estate Group (541) 915-2080, Joshua Glaspie (541) 359-9132
We Value Your Privacy
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We Value Your Privacy
Listing agent
— 875 Gerth Ave NW —
Joshua Glaspie
ICON Real Estate Group
541-915-2080
ICON@TheICONREGroup.com
NMLS#: 1598647
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 875 Gerth Ave NW
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Myers Elementary School 2160 Jewel Street Northwest, Salem, OR 97304 | K-5 | 0.7 mi |
Walker Middle School 1075 8th Street Northwest, Salem, OR 97304 | 6-8 | 0.1 mi |
West Salem High School 1776 Titan Drive Northwest, Salem, OR 97304 | 9-12 | 1.4 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
Estimate the Cost
Estimate the Cost for 875 Gerth Ave NW
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- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,609Sq. Ft.
Listed By: JOSH. GLASPIE | Icon Real Estate Group
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,386Sq. Ft.
Listed By: BEAU. CRAIG | Real Broker
- Single Family
- Active
- Updated 4 days ago
- 5Beds
- 3Total Baths
- 3,536Sq. Ft.
Listed By: JULIE. ROGERS | Coldwell Banker Mountain West Real Estate, Inc. and WINNIE. HANNON | Coldwell Banker Mountain West Real Estate, Inc.
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,609Sq. Ft.
Listed by ICON Real Estate Group, Joshua Glaspie
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- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,426Sq. Ft.
Listed By: CHRIS. STEWART | Windermere Pacific West Prop
- Single Family
- Active
- Updated 5 days ago
- 5Beds
- 3Total Baths
- 2,633Sq. Ft.
Listed By: ADAM. HEARN | Homesmart Realty Group - Albany
- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 3Total Baths
- 2,068Sq. Ft.
Listed By: RICK. MAURMANN | Realty One Group Willamette Valley
- Single Family
- Active
- Updated 10 hours ago
- 6Beds
- 4Total Baths
- 4,289Sq. Ft.
Listed By: RYAN. STECKLY | Homesmart Realty Group
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- Multi-Family
- Closed
- 16Total Beds
Listed By: MICHAEL. LOWERY | Homesmart Realty Group
Sold by JONATHAN. CASTRO MONROY | Smi Real Estate
Sold by JONATHAN. CASTRO MONROY | Smi Real Estate
- Multi-Family
- Closed
- 12Total 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
Sold by JORDYN. JONES | The Agency Portland
- Single Family
- Closed
- 3Beds
- 3Total Baths
- 2,603Sq. Ft.
Listed By: CHUN. TRUONG | Homesmart Realty Group
Sold by ANA. SOLORIO ARREDONDO | Harcourts Lifestyle Realty
Sold by ANA. SOLORIO ARREDONDO | Harcourts Lifestyle Realty
- Single Family
- Closed
- 4Beds
- 4Total Baths
- 4,715Sq. 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 with 8 units containing 0 bedrooms and 0 full bathrooms. 875 Gerth Ave NW is currently listed for $1,190,000 and was received on June 29, 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.