For Sale50d on market
227 Commercial St NE
Salem, OR, 97301 • Central Area • Marion County
$399,000
$432/sqft
Down payment assistance available
2Beds
1Baths
924Sqft
0.1 acLot
2022Built
Property DNA
Territorial Views
Territorial
Salem
Other (Refer to Remarks)
Outdoor Living
Covered Deck
See Remarks
See Remarks
$325/mo HOA
Other (Refer to Remarks)
This home is getting attention
Listed 50 days ago · 361 views · 9 saves
Market activity
Demand and pricing signals for this listing
361 views
People checking out this listing
9 saves
Buyers have saved this home
50 days on market
Established listing
$432/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 43% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Condo · Built 2022
Newly built in 2022, Downtown Salem Loft Condominium, listed for the first time. This 2-bedroom, 1.5-bath condo has been a successful fully furnished rental, offering flexibility for owner-occupants or investors. The open-concept layout features modern finishes and natural light throughout, with direct access to two private decks for outdoor enjoyment. The location provides close proximity to Salem Hospital, Willamette University, and the Oregon State Capitol, making it convenient for professionals, students, and those seeking an urban lifestyle. Low-maintenance living in the heart of downtown Salem. Available fully furnished.
Standout features identified
Our analysis highlights modern finishes, fully furnished, and natural light throughout as key attractions of this home.
Estimated monthly payment
Based on current rates
$2,859/month
Principal & Interest$2,002
Property Tax$399
Insurance$133
HOA$325
Down payment20% ($79,800)
3%50%
Est. 6.43% rate · 30yr fixed · $319,200 loan
Full calculator →At a glance
Key facts and listing details
TypeCondominium
Year Built2022
HeatingElectric, Wall Furnace, Ductless/Mini-Split
ParkingNo Garage
HOA$325 monthly
Days on Zillow50 Days
Price/sqft$432
Property
Home typeCondo
Sub-typeCondominium
Year built2022
Stories1
Systems
HeatingElectric, Wall Furnace, Ductless/Mini-Split
RoofSee Remarks
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingNo Garage
Lot4,356 sqft
Location & Tax
NeighborhoodCentral Area
Annual tax$1,562
Bathrooms & Fees
Full baths1
HOA$325/mo
Features & details
12 categories of property features
Interior Features
Interior
High Speed Internet
Smart Home
Appliances
Dishwasher
Disposal
Gas Range
Microwave
Gas Water Heater
Flooring
Carpet
Vinyl
Heating
Electric
Wall Furnace
Ductless/Mini-Split
Fireplace
Electric
Exterior Features
Exterior
Green
Parking
No Garage
Patio & Porch
Covered Deck
Security
Security System Owned
Views
Territorial
Utilities
Water Connected
Other Structures
See Remarks
Room details
4 rooms detailed
Master Bedroom
MainDining Room
Area (Combination)
Kitchen
MainLiving Room
MainListing insights
Market data and value estimates
StatusFor Sale
Days on market50
Est. value$393,100
Est. rent$1,824/mo
Tax rate0.81%
Price/sqft$432
On marketFeb 5, 2026
PostedFeb 5, 2026
MLS updatedFeb 12, 2026
Tour days9
Views361
Favorites9
How are the schools in Salem?
3 schools rated nearby
Location
Salem, OR, 97301
Price history
1 event
DateEventPrice$/sqftSource
Feb 5, 2026Listed For Sale$399,000$432WVMLS
Listed For Sale$399,000
Feb 5, 2026•$432/sqft•WVMLS
Nearby homes
Neighborhood details
Local context around this listing
Salem, OR • Marion County
Nearby neighborhoods
East LancasterFaye WrightFour CornersHayesvilleMorningsideNorth LancasterNorthgateSouth GatewaySoutheast Mill CreekWest Salem
Nearby cities
AumsvilleAuroraHubbardJeffersonKeizerSalemSilvertonStayton
Nearby zip codes
97301973029730497305973069730897309973109731297317
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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.
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