$4,200,000
$400K PRICE DROP

145 Liberty St NE Salem, OR 97301

Downtown Salem Neighborhood

Estimated payment $26,391/month

Total Views 11,689
-- Bed
-- Bath
21,900 Sq Ft
$192 Price per Sq Ft

About This Home

Historic Bishop Building in Downtown Salem. Mixed use Apartments and Retail. Arguably the most high-end apartment's in downtown area. Each 2 Bed apartment is a town home and current rents range from $1,700-$2,250/ month and six units have $125 rent increases in March. Quality retail tenants and long term leases. Vacant basement provides additional upside. Please Do Not Disturb Tenants.

Listing Agent

Glenna Cooke

GA Cooke Real Estate Services License #780303551

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $35,928

Year Built

  • Built in 1894

Lot Details

  • Level Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 21,900 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House

Schools

  • Parrish Middle School

Utilities

  • No Cooling
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 589231

Community Details

Building Details

  • Operating Expense $87,745
  • Gross Income $329,503
  • Net Operating Income $241,758

Additional Features

  • 11 Units
  • Common Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$35,928

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1894
  • Property Condition: Restored
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement
  • Storage: Basement
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Brick
  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Commons

Schools

  • Middle Or Junior School: Parrish

Lot Info

  • Zoning: Mix
  • Parcel #: 589231

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 35927.89

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 11
  • Gross Rent Multiplier: 12.75
  • Annual Gross Income: 329503.0
  • Property Net Operating Income: 241758.0
  • Annual Operating Expense: 87745.0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $38,085 $1,939,740 -- --
2023 $36,962 $1,883,250 $0 $0
2022 $34,850 $1,828,400 $0 $0
2021 $3,096 $166,620 $0 $0
2020 $2,243 $120,790 $0 $0
2019 $2,229 $120,790 $0 $0
2018 $2,335 $0 $0 $0
2017 $2,167 $0 $0 $0
2016 $2,125 $0 $0 $0
2015 $2,206 $0 $0 $0
2014 $2,394 $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2025 02/20/25 Price Changed $4,200,000 -4.5% $192 / Sq Ft
01/06/2025 01/06/25 Price Changed $4,400,000 0.0% $201 / Sq Ft
01/06/2025 01/06/25 For Sale $4,400,000 -4.3% $201 / Sq Ft
01/29/2024 01/29/24 Off Market $4,600,000 -- --
11/03/2023 11/03/23 For Sale $4,600,000 -- $210 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $3,100,000 Chicago Title Company Of Or
Bargain Sale Deed -- Amerititle
Warranty Deed $300,000 Amerititle
Warranty Deed $100,000 Key Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,150,000 Commercial
Previous Owner $1,440,000 Construction
Previous Owner $50,000 Seller Take Back
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23610414

Regional Multiple Listing Service (RMLS)

APN: 589231

Oregon Marion County Salem 97301 Downtown Salem

145 Liberty St NE, Salem, OR

Homes for Sale in Salem, OR

This home is located at 145 Liberty St NE, Salem, OR 97301 and is currently priced at $4,200,000, approximately $191 per square foot. This property was built in 1894. 145 Liberty St NE is a home located in Marion County with nearby schools including Bush Elementary School, Leslie Middle School, and South Salem High School.

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Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing Agent
Glenna Cooke
Section Image
GA Cooke Real Estate Services
(971) 265-9126