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231 Commercial St NE, Salem, OR, 97301

3beds
1baths
1,906sqft
$599,000
$314price/sqft
$3,782/moest. monthly cost
$151,280/yrincome needed

About This Home

Step into the largest of the Downtown Salem Loft Condominiums. This is a rare 3-bedroom, 1-bath residence in the iconic Starkey-McCully building, where speakeasy legends still whisper through the walls. Original hardwood floors from the 1800s anchor this extraordinary space, offering a warmth and authenticity no modern build can match. Soaring ceilings and thoughtful design create an airy, livable layout that honors the building's storied past while embracing today's comforts. Unwind in the jetted tub or prep meals with a premium Sub-Zero refrigerator; modern luxuries that complement the loft's timeless character. Location defines this opportunity. Near Salem Hospital, Willamette University, and the Oregon State Capitol. An unbeatable advantage for professionals, students, or savvy investors. Currently thriving as a fully furnished short-term rental, this turnkey property offers immediate income potential in one of Salem's most historic addresses. Own more than a home, own a piece of Salem's history.

Getting Around

76
WalkingVery Walkable
61
TransitGood Transit
88
BikeVery Bikeable

Schools

7/10
Bush Elementary SchoolGrades K-51.0 mi
5/10
Leslie Middle SchoolGrades 6-83.0 mi
5/10
South Salem High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 1867

Materials

  • Foundation: Slab
  • Roof: See Remarks

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Gas Range,Built-In Range,Gas Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Features: Area (Combination)

Features

  • Den,High Speed Internet,Smart Home
  • Flooring: Vinyl,Wood

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 1,906
  • Total interior livable area: 1,906 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Property

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck
  • Exterior features: Orange
  • Has view: Yes
  • View description: Territorial

Lot

  • Lot size: 4,356 sqft

Parking

  • Parking features: No Garage