1055 Schurman Drive South

Salem, OR 97302

$11,250,000
Price
Beds
41,166 Sq. Ft.
$273 / Sq. Ft.
41,166
Sq. Ft.
$273
per Sq. Ft.

Description

Brand new apartment complex in desirable S Salem location off River Rd across from Minto Brown Park. 3 buildings featuring (18) 1bed/1bath & (24) 2bed/2bath for a total of 42 units with onsite office. Built with high-quality construction and finishes, they offer an exceptional standard of living for their residents. Units feature in unit laundry, covered patio or deck with storage closet. Low maintenance site design on 1.87 acres. Close proximity to downtown Salem, Willamette Univ, & Salem Hospital.Brand new apartment complex in desirable S Salem location off River Rd across from Minto Brown Park. 3 buildings featuring (18) 1bed/1bath & (24) 2bed/2bath for a total of 42 units with onsite office. Built with high-quality construction and finishes, they offer an exceptional standard of living for their residents. Units feature in unit laundry, covered patio or deck with storage closet. Low maintenance site design on 1.87 acres. Close proximity to downtown Salem, Willamette Univ, & Salem Hospital.
  1. Listed by James Hauge • Legacy Real Estate • 503-390-1375

Property Details for 1055 Schurman Drive South

Parking Features
Paved
Zoning
RM2
View
Territorial
Parking Total
54.00

Location

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LISTING UPDATED: 03/13/2024 04:22 PM

Property Details for 1055 Schurman Drive South

StatusActive
MLS #24199304
Days on Market50
Taxes$75,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built2024
Lot Size1.87 AC / 81,457 SF
CountyMarion County

Location

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Building Information for 1055 Schurman Drive South

Stories3Residences42Year Built2024Building Size-Lot Size1.87 AC / 81,457 SF

Payment Calculator

$67,646 per month

30 year fixed, 7.25% Interest

Principal and Interest

$61,396

Property Taxes

$6,250

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1055 Schurman Drive South

Summary
Location and General Information
  • Country: US
  • Directions: River Rd S
  • Road Surface: Paved
School Information
  • Elementary School: Candalaria
  • High School: South Salem
  • Middle Or Junior School: Leslie
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $75,000.00
  • Parcel Number: 587480
  • Tax Legal Description: RIVERSIDE ACRES, LOT 19 & FR LOT 20, ACRES 1.87
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Property
Lot Information
  • Acres: 1.87
  • Lot Description: Gentle Sloping, Irrigated Irrigation Equipment, Private, Public Road, Trees
  • Lot Size Square Feet: 81457.0
  • Lot Size Range: Acres1to3
  • Lot Size: 1 to 2.99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: New Construction
  • Year Built: 2024
Utilities
  • Cooling Description: Mini Split
  • Fuel Description: Electricity
  • Heating Description: Mini Split
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Board Batten Siding, Cement Siding, Lap Siding
  • Roof Type: Composition
Interior Features
  • Foundation Details: Slab
  • Stories: 3
Amenities
Amenities Information
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • Number Of Units Total: 42
  • Gross Income Actual: $.00
  • Gross Income Projected: $868,920.00
  • Investor Information: According To Owner, Leases, Maintenance Records Available
  • Net Income Actual: $.00
  • Net Income Projected: 629974
  • Operating Expenses Projected: $214,246.00
  • Operating Expense: $.00
  • Storage: Locked
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • Common Amenities: All Landscaping, Commons
  • SqFt Approximate Building Total: 41166
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Air Conditioning, Dishwasher, Refrigerator, Washer Dryer
  • Unit Type 1 Rent: $1,525
  • Unit Type 1 SqFt: 767.0
  • Unit Type 1 Units Total: 18
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Air Conditioning, Dishwasher, Refrigerator, Washer Dryer
  • Unit Type 2 Rent: $1,715
  • Unit Type 2 SqFt: 1092.0
  • Unit Type 2 Units Total: 24

Property History for 1055 Schurman Drive South

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1055 Schurman Drive South

Taxable ValueLand-Additions-Total-
Tax Record2023$2,452 ($204 / month)
Home Facts
Beds4Total Finished SqFt1,797 SqFtAbove Grade Finished SqFt1,797 SqFtStories1Lot Size81,457 SqFtStyleResidentialYear Built1955ZoningRSCountyMARIONAPN073W33DB04600Fireplace TypeHas Fireplace

Schools near 1055 Schurman Drive South

This home is within Salem-Keizer School District 24j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Candalaria Elementary School
PublicK to 5

Leslie Middle School
Public6 to 8

South Salem High School
Public9 to 12

Howard Street Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1055 Schurman Drive South is a multi-family home for sale in Salem, OR 97302. This property was listed for sale on March 13, 2024 by Legacy Real Estate, it's currently listed at $11,250,000. It has been on the market for a total of 50 days and was last sold on July 22, 2021. This listing's school district is Salem-Keizer School District 24j. Nearby schools include Candalaria Elementary School, Leslie Middle School and South Salem High School. 1055 Schurman Drive South is a 0-bed, 0-bath, 41,166 sqft multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Legacy Real Estate

All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 03/13/2024 04:22 PM