231 Commercial St Ne, Salem, OR 97301

Listing Courtesy of HOMESMART REALTY GROUP. Cell: 971-600-4893

$549,900
3
BD
1
BA
1,906
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$549,900
Status
ACTIVE
Price Change
▼ $34,100 1792133476
MLS#
836883
Subtype
Residential
Year Built
1867
Bedrooms
3
Bathrooms
1
Full Baths
1
Living Area
1,906
Acres
0.10
Subdivision
Salem
MLS Area Major
20 Central Salem

Property Description

Turnkey Short-Term Rental Investment with Bookings into June 2027! Own a piece of Salem's history while generating rental income! Located in the iconic Starkey-McCully Building, once home to a speakeasy, this rare 3-bedroom historic loft is the largest of the Downtown Salem Loft Condominiums. Currently operating as a successful short-term rental with an average nightly rate of approximately $235 and reservations already booked into June 2027. This property offers investors an established rental opportunity. Featuring original 1800s old-growth fir floors, soaring ceilings, a jetted tub, and a premium Sub-Zero refrigerator, this one-of-a-kind residence blends historic character with modern comforts. Ideally located near Salem Hospital, Willamette University, the Oregon State Capitol, and downtown dining and entertainment. Offered fully furnished, including artwork, making this a truly turnkey investment opportunity. Historic charm, an established rental business, and future reservations make this an exceptional addition to an investment portfolio!

Additional Information

Interior Features
Den/Library/Office, High Speed Internet
Taxes
$3,221
Flooring
Vinyl, Wood
Appliances
Disposal, Dishwasher, LP Gas Water Heater, Built-In Range, Gas Range
Heating
Forced Air
Roof
Other
Foundation
Slab
Parking Features
None
Elementary School
Bush
Middle School
Leslie
High School
South Salem
View
Territorial

How much is your home worth?

...get instant property value now!

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.