Camelot East

For Sale

1148 37th Pl NE, Salem, OR 97301

This Salem property for sale is located at 1148 37th Pl NE. The current listed sale price for Camelot East is $5,800,000. Camelot East is situated on a lot that is 1.26 acre in size.

Contacts

broker

Hugh Holtman

SVN | Imbrie Realty

Property Details

  • Property Type Multi-Family
  • Property Size 38,064 SF
  • Units 36
  • Lot Size 1.26 Acre
  • Additional Rent Contact for pricing
  • Year Built 1997
  • Date Updated Oct 23, 2024
Located in the state’s capitol of Salem, Oregon, approximately 45 miles south of Portland, the Camelot East Apartments is a peaceful 55+ community, combining charm with convenience. This property provides a tranquil living environment close to Salem's many amenities. Trips for morning coffee, daily groceries and lunches are easy while being located across the street from Lancaster mall, and also only a short distance from Starbucks, Fred Meyer, and many other national and local retail outlets. You will also find easy access around town and to Interstate 5 and many local schools.Introducing the Camelot East Apartments, an exceptional investment opportunity in Salem, OR. The property offers a well-maintained 55+ community in a 38,064 SF low-rise/garden building comprised of (36) 2 bed/1 bath units. Built in 1997, the hallways and bathrooms are ADA compliant and all units offer washer/dryers. This property presents a prime prospect for multifamily investors seeking a solid addition to their portfolio. Boasting a convenient location in Salem, the property is poised for strong rental demand. Current ownership has invested over $500,000 in improvements over recent years, providing comfort to a new owner this has been a very well cared for investment. Recent improvements include a new roof in 2020, elevator and common area upgrades, newer siding and windows on the majority of the building, and paint in 2018. With a proven track record of consistent occupancy and attractive amenities, investors can capitalize on the thriving multifamily market in this dynamic area. Don't miss out on the potential this property holds for a successful multifamily investment venture in Salem.

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Highlights

  • 55+ Community w/ ADA hallways and bathrooms
  • Over $500,000 in updates recently:
  • New roof in 2020, elevator & common area upgrades
  • Newer siding and windows in majority of building
  • All 2 bed units with laundry

Getting around

  • 78/100

    Walk Score ®

  • 44/100

    Transit Score ®

  • 76/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Salem, OR
  • Neighborhood Northeast Salem
  • Zip Code 97301
  • Market Eugene

Points of Interest

  • Salem

    2.18 miles

  • Brooks Historical Society Depot

    7.47 miles

  • Hopmere Station

    7.55 miles

  • Petrol Express

    0.26 miles

  • 76

    0.32 miles

  • Fred Meyer Fuel

    0.37 miles

  • ChargePoint

    0.39 miles

  • Pacific Pride

    0.50 miles

  • Arco

    0.57 miles

  • Pulse

    0.68 miles

  • Shell

    0.79 miles

  • Electrify America

    1.45 miles

  • Chevron

    1.63 miles

  • Market Street Park and Ride

    0.53 miles

  • Grace Baptist Church Park and Ride

    1.17 miles

  • Christ the Good Shepherd Lutheran Church Park and Ride

    1.36 miles

  • State of Oregon Shuttle Mail Hub

    1.44 miles

  • WalMart North Park and Ride

    1.45 miles

  • Airport Road Park and Ride

    1.62 miles

  • Postal Employee Parking

    1.80 miles

  • Green Lot - Dept of Admin Services

    2.05 miles

  • E Lot

    2.26 miles

  • Firehall Lot

    2.29 miles

  • Holiday Lodge Motel

    0.28 miles

  • Days Inn Black Bear

    0.29 miles

  • Motel 6 Salem

    0.32 miles

  • DoubleTree

    0.40 miles

  • Shilo Inn and Suites

    0.48 miles

  • Capital Inn & Suites

    0.52 miles

  • Holiday Inn

    0.56 miles

  • Home2 Suites

    1.39 miles

  • Hampton Inn & Suites

    1.43 miles

  • Comfort Suites

    1.50 miles

  • Burlington

    0.19 miles

  • TJ Maxx

    0.23 miles

  • Fred Meyer

    0.28 miles

  • Roth's Fresh Markets

    0.40 miles

  • Target

    0.41 miles

  • Big Lots

    0.69 miles

  • Bi-Mart

    0.75 miles

  • La Tapatia

    0.81 miles

  • Ross

    0.88 miles

  • Los Compadres Meat Market

    1.23 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Hugh Holtman

SVN | Imbrie Realty