2522 SIMPSON ST, Salem, OR 97301
Marion County
Key Facts
Description
Well located 8 unit garden-style apartment complex in SE Salem consisting of all 1 bed / 1 bath units built in 1971. The property total approximately 4,160 RSF on a 0.30 acre site and features 11 surface parking spaces, common laundry and patios. Attractive price per unit with strong in-place income. Member of selling entity is a Licensed Real Estate Broker in the State of Oregon.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1971
Stories
1
Living Area
4,202 sq ft
Lot Size
0.30 acres
Parking Spaces
11
Zoning
RM2
Days on Market
27
MLS® Listing#
153901432
Property Features
Cooling
Heating
Sewer
Water Source
Schools
- Elementary:
- Richmond
- Middle:
- Leslie
- High:
- South Salem
Financial Details
Annual Taxes
$8,108
Tax year 2025
Parcel Number
590333
Directions
between Mission and State on 25th
Affordability Calculator
$179,000
Estimated monthly payment
$4,764/mo
Principal $716,000 · Est. interest $998,884 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Salem, OR
- $483,333
- Median Listing Price
- 164
- Median Days on Market
- 1,814
- Median Sq Ft
- $267
- Median Price / Sq Ft
- 323
- Active Listings
- This home’s price is 85% above the area median.
- Its price per sq ft is 20% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Salem, OR.
Location
Points of Interest in Salem, OR
Showing the Salem area map.
Nearby Schools
Richmond Elementary School
Elementary · 0.2 mi away
R & S Welding Mentors Trade School
Secondary · 0.8 mi away
Bush Elementary School
Elementary · 0.8 mi away
Salem-Keizer Public Schools
School · 0.9 mi away
St John Lutheran Church
Elementary · 0.9 mi away
Cosa
School · 0.9 mi away
Roberts High School
Secondary · 1.1 mi away
Salem Keizer Schools
School · 1.1 mi away
Englewood Elementary School
Elementary · 1.2 mi away
North Salem High School
Secondary · 1.2 mi away
The Early Learning Center
School · 1.2 mi away
Hoover Elementary School
Elementary · 1.3 mi away
Montessori Discovery Center
Elementary · 1.3 mi away
Parrish Middle School
Secondary · 1.3 mi away
St Joseph School
Secondary · 1.3 mi away
Howard Street Charter School
School · 1.5 mi away
South Salem High School
Secondary · 1.5 mi away
Sunny Day Preschool
School · 1.6 mi away
Four Corners Elementary School
Elementary · 1.7 mi away
Grant Community School
Elementary · 1.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 7184 BATTLE CREEK RD SE, Salem, OR | $629,000 | 3 | 3 | 2,669 |
| 5739 ERIN VALLEY AVE SE, Salem, OR | $630,000 | 5 | 3 | 2,640 |
| 2271 TUSCANA AVE, Salem, OR | $635,000 | 3 | 2 | 2,436 |
| 1033 CAMELOT DR, Salem, OR | $645,000 | 3 | 2 | 2,128 |
| 2697 ISLANDER AVE NW, Salem, OR | $647,500 | 4 | 3 | 2,874 |
| 9358 GLORY CT NE, Salem, OR | $649,900 | 4 | 3 | 3,053 |
Moving Cost Estimate
EXIT Agents in Salem
Listing Courtesy: SMI Commercial Real Estate LLC - 5033906060
Presented by: Eric Swanson
Last Updated: 2026-01-21