Oxford Apartments 1155 Howard St SE Immeuble residentiel 10 lots 1 471 010 € (147 101 €/Lot) Taux de capitalisation 5,06 % Salem, OR 97302

Oxford Apartments is a well-maintained, two-story building comprising ten units, nestled on 0.34 acres in a quiet and desirable South Salem neighborhood. Built in 1962, the property features nine one-bedroom/one-bathroom units and one two-bedroom/one-bathroom unit. Ownership of the property has remained stable since the 1970s,
contributing to its exceptional upkeep. While it was formerly owner-managed, the transition to professional management has supported steady rent growth in recent years. Current rents are still 12% below market rates. Recent improvements include all-new exterior paint in 2024, a new roof in 2018, and various renovations to unit 1163 in 2022.
Located in Salem, the capital of Oregon and the county seat of Marion County, the property benefits from a central position along the I-5 corridor—between Portland to the north and Eugene–Springfield to the south. The broader Salem metro area includes Marion County and Polk County, separated by the Willamette River. The region boasts
strong market fundamentals, including low vacancy rates and ongoing rent growth, making it resilient even during economic uncertainty. Oxford Apartments are positioned near the historic and sought-after Bush Park neighborhood in South Salem, an area known for its charm, higher-income demographics, and proximity to key amenities such as downtown Salem, I-5, South Salem High School, Willamette University, Salem Hospital, state government offices, and the Oregon State Capitol.