4500 Block of SW Highway 101, Lincoln City
1.55 Acres | $898,000
A dynamic real estate brokerage with expertise in identifying deals and driving transactions in Oregon and Washington.
18136 Hillside Ct, West Linn
4,284 SF | $975,000
3440 Hawthorne Ave NE, Salem
10 Units | $2,750,000
1431-1449 Liberty St SE, Salem
11,322 SF | $1,299,000
2225 S Main St, Lebanon
8,584 | $810,000
Belmont Apartments – 3401 SE Belmont, Portland
12 Units | $3,450,000
APARTMENT UPDATE
Average Rent 1 Bed, 1 Bath:
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Salem-Keizer
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Albany
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Stayton
Aumsville
Sublimity
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Monmouth
Independence
Dallas
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Lincoln City
SOLD & LEASED
SOLD | 2180 Franklin St, Lebanon
48 Units | $11,900,000
SOLD | 1205 & 1215 Wallace Rd NW, Salem
5,053 SF | $1,554,870
SOLD | 4788 Tate Ave N, Keizer
1,583 SF | $479,000
SOLD | 2245-2295 B St, Salem
6 Units | $1,012,000
SOLD | 2500 Long St, Sweet Home
48 Units on 3.45 Ac | $10,121,875
SOLD | 5595 Shannon Ave SE, Salem
1,008SF | $330,000
SOLD | 4885 Portland Rd NE, Salem
8.54 Acres | $1,300,000
SOLD | 1110 Pine St, Silverton
1,411 SF | $495,000
SOLD | 6737 State St, Salem
16,175 SF | $2,000,000
SOLD | 38591 Goar Rd, Scio
2,200 SF | $965,000
SOLD | Campus Villa Apartments, Corvallis
104 Units | $15,100,000
SOLD | 11277 Grove St SE, Mehama
1,650 SF | $330,000
SOLD | 217 S Knott St, Canby
4 units | $682,000
SOLD | 3342 Willow Ct SE, Salem
4 units | $682,000
SOLD | 623 Sunwood Dr NW, Salem
2,110 SF | Price: $470,0000
SOLD | 1000 Capitol St NE, Salem
12 Units | $2,400,000
SOLD | 802 N Water St, Silverton
2,840 SF | $465,000
SOLD | 2936 SE Washington St, Milwaukie
1,780 SF on 0.12 Ac | $430,000
SOLD | 3210-3280 Lansing Ave NE, Salem
96 Units | $24,500,000
SOLD | 1710-1730 Mill St SE, Salem
2,320 SF | $430,000
SOLD | 620 SW 2nd St, Corvallis
7 Units | $706,875
SOLD | 910 Front St NE, Salem
38,354 SF | $900,000
SOLD | 325 N Church St, Silverton
1,378 SF | $395,000
SOLD | 17425 S Abiqua Rd, Silverton
2,385 SF | $668,000
SOLD | 597 Knapps Pl NE, Salem
830 SF | $230,000
SOLD | 8200 65th Ave NE, Salem
3,136 SF | Price: $475,000
SOLD | 416-420 SW Twin Oaks Circle, Corvallis
0.23 Acre | $74,500
SOLD | 1380-1396 12th St SE and 1251 Howard St SE, Salem
7,000 SF | $1,294,881
SOLD | 212-236 Churchdale Ave N, Keizer
14 Units | $2,190,000
SOLD | 263 N Main St, Lebanon
5 Units | $760,000
SOLD | 591 W Sherman St, Lebanon
10 Units | $1,095,000
SOLD | 1724 Aguilas Ct NE, Salem
1,254 SF | Price: $317,500
SOLD | 29815 SW Montebello Dr, Wilsonville
2 Units | $590,000
SOLD | 1180-1184 and 1190-1194 Nebraska Ave NE, Salem
4 Units | $915,000
280 N Santiam Highway, Lebanon
0.17 Ac | $95,000
SOLD | 305 Butte St N, Detroit
0.51 Ac | $150,000
SOLD | 2100-2106 Jefferson St SE, Albany
3,200 SF | $400,000
SOLD | 5168 Jones Rd SE, Salem
1,872SF | $439,900
SOLD | 302 Monmouth Ave S, Monmouth
15 Units | $1,825,000
SOLD | 5443 Monterey Dr SE, Salem
1,382 SF | $380,000
SOLD | 1130 Liberty St SE, Salem
4,035 SF | $825,000
SOLD | 1100 Liberty St SE, Salem
6,194 SF | $1,100,000
SOLD | 3822 Duplex Ct SE, Salem
1,732 SF | $380,000
Bare Lot | $93,000
SOLD | 1015 25th St SE, Salem
6,730 SF | $770.000
SOLD | 987 Burley Hill Dr NW, Salem
1,953 SF | $430,000
SOLD | 250 Sunset Ave N, Keizer
1,300SF on 0.10 Ac | $370,000
SOLD | 2415 Church St NE, Salem
1,988 SF | $262,291.43
SOLD | 2159 Maple Ave NE, Salem
1,300 SF | $303,000
SOLD | 408 Denver St SE, Albany
1,716 SF | $285,000
SOLD | 625 Joshua St, Lyons
2,100 SF | $600,000
SOLD | 6269 Fairway Ave SE, Salem
1,120 SF | $256,000
SOLD | 5589 Waln Creek Ct S, Salem
1,292 SF | $290,000
SOLD | 416-420 & 500 SW Twin Oaks Circle, Corvallis
14,588 SF | $1,400,000
SOLD | 274 W Washington St, Stayton
1,014 SF | $320,000
SOLD | 2460 Adams St SE, Salem
1,218 SF | $323,500
LEASED | 625 Hawthorne Ave SE, Salem
1,700 SF | $2,941/MO/FS-JAN
SOLD | 57189 Alta Ln #10, Sunriver
1,008 SF | $429,000
SOLD | 4792 Lancaster Dr NE Apt 152, Salem
928 SF | $205,000
SOLD | 1208 Meadowridge St NE, Keizer
2,571 SF | $530,000
SOLD | 1184 49th Ave SE, Salem
1,731 SF | $395,000
SOLD | 113 – 119 Milton St, Lebanon
3,356 SF | $425,000
SOLD | 5635 Horizon View St SE, Salem
2,002 SF | $539,866
SOLD | 650 Harlow Rd #119, Springfield
880 SF | $235,000
SOLD 4183-4185 Campbell Dr SE, Salem
1,696 SF | $345,000
SOLD | 2875 Spring Hollow Ln S, Salem
3,790 SF| $845,000
SOLD | 4227 SE 120th Ave, Portland
1,386SF | $339,500
SOLD | 667 McVey Ave, Lake Oswego
50 Units | $10,000,000
LEASED | 2041-2051 State St, Salem
925 – 1,750 SF
SOLD | 4682 Pacific Blvd SW, Albany
1,206 SF | $430,000
SOLD | 3321-3327 Willow Ct SE, Salem
4 Units | $625,000
SOLD | 1819 Carroll St, Lebanon
1,676 SF on 0.23 Ac | $330,000
SOLD | 2160 Mayfly St, Lebanon
2,816 SF | $346,800
SOLD | 315 15th St SE, Salem
2,020 SF | $310,000
SOLD | 3760 Hawthorne Ave NE, Salem
8 Units | $1,600,000
SOLD | 92 N 8th St & 93 N 7th St, Creswell
8 Units | $925,000
SOLD | 785 Idylwood Dr SE, Salem
1,982 SF | $265,000
SOLD | 4975 Siddall St NE, Salem
1,982 SF | $406,462
SOLD | 4124 Harvey Way, Lake Oswego
1,410 SF | $649,900
SOLD | 1588 Del Rio Ave SE, Albany
4 Units | $609,805
SOLD | 1574 Del Rio Ave SE, Albany
4 Units | $625,000
SOLD | 620 SW 4th St, Albany
4 Units | $533,500
SOLD | 2918 San Pedro Ave NW, Albany
2,570 SF | $461,000
SOLD | 3022-3026 Hammel St NE, Salem
1,484 SF | $306,026
SOLD | Park Avenue Apartments, Salem
25 Units | $2,100,000
SOLD | 198 Commercial St SE, Salem
41,472 SF | $6,500,000
SOLD | 3025 Ryan Dr SE, Salem
7,087 SF for sale $1,740,000
SOLD | 632 N Pershing St, Mt Angel
1.260 SF | $352,000
SOLD | 3496 Murhammer Ln S, Salem
4,309 SF | $1,375,000
SOLD | 3.4 Acres Wallace Rd NW, Salem
3.4 Acres | $425,000
SOLD | 775 Knox St N, Monmouth
8 Units | $900,000
SOLD | 1505 Water St, Salem
6,536 SF | $750,000
SOLD | 1180-1190 Cross St SE, Salem
2,700 SF | $540,000
LEASED | 2085 Commerical St NE, Salem
3,120 SF | $1.30/SF/MG
SOLD | 3860 Shropshire Ave S, Salem
4,967 SF | $1,100,000
SOLD | 6719 & 6731 SE 82nd Ave, Portland
20 Units | $2,400,000
LEASED | 1911 Lancaster Dr NE, Salem – Sunnyview Center
4,000 SF | $15.00/SF/YR/NNN
SOLD | 1034-1042 8th St NW, Salem
2,912 SF | $407,900
SOLD | 223 Commercial St NE, Salem
14,850 SF | $2,170,000
LEASED | 4935 Commercial St SE, Salem
12,400 SF | $0.45/SF/MG
BROKERS
Gabe is the #1 broker of MultiFamily apartment complexes in Oregon’s mid- Willamette Valley.
Lisa manages the listing process, marketing, leasing transactions, and sales/escrow transactions.
I take the time to learn what’s important to clients and strive to achieve that resulting in smooth, seamless transactions and happy clients.
Elesa specializes in business sales, as well as the leasing and sales of office, retail, land and industrial properties.
Jordan identifies MultiFamily, Small Plex, and Residential investment properties to build client portfolios.
Kelly excels at bringing together people, businesses, and Commercial or Residential properties.
Andy brokers MultiFamily, Small Plex, and Residential investment deals for all levels of property investors.
Lorene focuses on Commercial Office, Retail, Industrial and Investment properties, both sales and leasing.
Patrick Mulhern is a diverse Broker at SMI Real Estate, with years of experience in Residential representation of Sellers and Buyers.
Eric offers clients experience in real estate asset purchase and sale, focusing on evaluating asset performance.
Whether you are looking for a dream home, selling a property, getting started with investing, or growing your portfolio, Trevor will assist you with the process.
Branton‘s clients are his #1 priority and work diligently on their behalf, be their biggest advocate and help achieve their dreams.
Ryan brings a diverse background to help clients procure and develop properties.
Steve Morris has 12 years of experience in multifamily investments. He is a licensed principal broker in Oregon and managing broker in Washington.
Chris works with investment clients to develop strategies for their real estate portfolios.
Clients appreciate that Kassandra Bruhn takes pride in researching objectives and solutions, no matter what type of property is owned or desired.
Bio Coming Soon
I’m Valerie King and I look forward to helping you buy or sell a home! I’m excited to help my clients through the real estate process.
As an owner of multi-family properties and land development projects, Glen helps client find residential, farms, land, multi-family, and commercial Real Estate.
Casey listens to his needs and is committed to ensuring their satisfaction during the real estate process.
As part of the SMI Real Estate team, I am able to combine my extensive experience in finance, sales, and relationships into a dynamic career where earnings are limitless.
Doug shares the advantages in owning real estate versus leasing, as well as dynamic power of “leverage” related to owning “income producing” real property.
Austin Williams specializes in helping clients find commercial and residential investment opportunities on the Oregon Coast.
NEWS
Johansen Wins CoStar’s Q1 2022 Power Broker Quarterly Deals Award
The CoStar Power Brokers Quarterly Deals winners are determined by the top deals executed every quarter, based on price and square footage.
Housing Crisis 2022: Rent Control Bubbles To The Surface Again
SMI Real Estate Principal Broker Steve Morris says rent increases have been breathtaking; political support for rent control has been growing.
Rising Rents Seep Into Affordable Cities
The rising rents that are making apartments less affordable in the largest U.S. cities are headed toward smaller, less expensive markets.
How does rent control affect multifamily property values?
With rent control now in place for 2019, rent increases can no longer exceed 7%. How does this affect property values?
Renter Migration Patterns
According to a report from Apartment List, renter migration patterns shows Portland as an affordable alternative to San Francisco and Seattle.
Multifamily Rent Growth Remains Consistent
Multifamily rents were up a healthy 3.0 percent year-over-year in April 2019
Steps To Take Before Buying An Apartment
Investment in multifamily properties continues to be one of the most attractive plays in today’s real estate market.
Average National Apartment Rent Kicks Off the Spring Rental Season at $1,430
The national average rent in March went up by 3.2% year-over-year, the lowest annual growth we’ve seen in more than 6 months.
Landlords Say New Tenant-Screening Ordinance Unnecessary
Landlords testifying on new Portland city regulations on tenant screening and deposits were opposed to the new rules for various reasons.
Portland Rents Increased Significantly Over Past Month
Portland rents have increased 0.4% over the past month. Portland’s year-over-year rent growth leads the state average of -1.3%.
Downtown Salem Micro-Apartments Seek Tax Break
Upcoming downtown Salem micro-apartments could be 270 sf and cost $850 per month.
Multifamily Growth Shows No Signs of Slowing
The multifamily market is entering the time when rent growth occurs; no indication of slowing, according to Yardi Matrix.
Rent Growth Hits 10-Month High
A new report from Zillow says that rent growth has hit a 10-month high as appreciation in home values is dropping sharply.
Plan to Put Duplexes, Townhouses into Neighborhoods Faces Opposition
House Bill 2001 would require cities of a certain size to allow duplexes and townhouses on any residential lots now zoned for single-family houses.
Portland Rents Increased Significantly Over the Past Month
Portland rents have increased 0.4% over the past month, but are down slightly by 0.3% in comparison to the same time last year, according to a new report from Apartment List.
Oregon Real Estate News-Journal | March 2019
Governor Kate Brown appointed Steve Strode as Real Estate Commissioner. Mr. Strode brings over 18 years of real estate expertise to the position.
Oregon House Passes First-In-Nation Rent Control Bill
A landmark first-in-the-nation rent-control bill, SB 608, has passed the Oregon House of Representatives and now heads to the desk of Gov. Kate Brown, who has said she will sign it.
Salem Oregon Rents
Average rents for a 2-bedroom, 1-bath apartment in the Salem area rose 54 percent in the last 10 years. Under a rent control bill in the Oregon legislature, those rents could have risen even higher.