Exclusive Offering
Jefferson Apartments
351 S Main St, Jefferson, OR 97352
Twenty-Six Units in Jefferson, Oregon (Salem MSA) constructed in 1996. A spacious two-bedroom multifamily asset with strong rental upside.
Pricing
$3,580,000
$137,692 Per Unit
The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of the Jefferson Apartments, located just outside Salem, Oregon in the charming town of Jefferson. The asset was originally built in 1996 and is comprised exclusively of spacious two bed/one bath floorplans, each with distinct dining area, laundry hook-ups, and walk-in closets. The construction is a classic garden-style layout, wood frame over concrete slab with T1-11 siding and vinyl windows.
Full financials and property sale information are available in the Offering Memorandum.
Property Overview
A Garden-Style Apartment Asset in the Salem MSA
Jefferson Apartments features spacious two bedroom one bathroom floorplans with a distinct dining area, laundry hook-ups, walk-in closets, and a full appliance suite including dishwashers. The classic two-story garden-style layout sits one block from the Santiam River with plentiful assigned off-street parking at a 1.5 to 1 ratio.
Units
26
Year Built
1996
Asset Type
Multifamily
Unit Summary
Unit Mix
| Unit Type | # Units | Approx SF |
|---|---|---|
| 2 Bed / 1 Bath Flat Downstairs | 13 | 895 |
| 2 Bed / 1 Bath Flat Upstairs | 13 | 895 |
| Total | 26 | 23,270 |
All units are spacious two bedroom one bathroom layouts with separate dining space, laundry hook-ups, and walk-in closets.
Gallery
Property Photos
Location
Jefferson, Oregon
Jefferson is located in Marion County approximately fifteen miles south of Salem in the central Willamette Valley. The city sits immediately adjacent to Interstate Five, providing direct north south connectivity to Salem, Albany, Eugene, and the greater Portland region. This access supports commuter driven housing demand while preserving a lower density residential environment.
Jefferson benefits from proximity to regional hospitals, government employment centers, higher education institutions, and major distribution corridors without the congestion or cost of larger urban markets. The surrounding area is characterized by agricultural land, light industrial uses, and established neighborhoods that limit large scale residential expansion.
The market is supported by agriculture, food processing, light manufacturing, public sector employment, and regional health care services. Proximity to Salem and Interstate Five provides access to a larger employment base while maintaining lower operating costs.
Downloads
Access the Full Offering Memorandum
Execute the Confidentiality Agreement to download the complete Offering Memorandum, including financials, rent roll, operating data, and pricing details.
Contact
Listing Advisors
Whitney Rhoades
Managing Director Investments
Marcus & Millichap | The Rhoades Group
Nygel Drury
Senior Director Investments
Marcus & Millichap | The Rhoades Group