231 Commercial St NE, Salem, OR 97301 | MLS #836883 | Cascade Hasson Sotheby’s International Realty
 
Listing provided courtesy of HOMESMART REALTY GROUPMLS# 836883MLS ProviderContact Information: Cell: 971-600-4893
  • 145 days on site
  • 0 views

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, once a home of a speakeasy. 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. Offered fully furnished, including art work!

Source: Willamette Valley MLS, MLS#: 836883

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  • Property Type
    Residential
  • Lot
    0.10 acres

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  • Median Age
    33
  • Population Density
    4,886
  • College Educated
    25%
  • Estimated Median Income
    $45,959
  • Estimated Total Home Owners
    8,297
  • Estimated Total Renters
    11,013
  • Owner / Renter Divide
    43% / 57%
  • Estimated Average Household Size
    3
  • Total Population
    57,194
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

History

Date Event Value Agent
6/18/2026Source: Willamette Valley MLS Price Reduction
$589,000 -1.7%
2/4/2026Source: Willamette Valley MLS Added to Database
February 04, 2026