Sell Your Property in
Salem
The low vacancy rates that real estate investors enjoy in Salem provide apartment owners With the leverage to charge higher rent rates. This ultimately makes for a better return on investment and makes Salem a prime spot to invest in an apartment building.
The location isn’t just great for apartment building owners either, it also provides residents with plenty of benefits as well. Some of these benefits include a strong job market, a number of recreational activities, and a beautiful landscape to enjoy.
Why We Love Salem
![pexels-elijah-akala-2291428](https://i0.wp.com/www.eugene-commercial.com/wp-content/uploads/2021/05/pexels-elijah-akala-2291428-scaled.jpg?resize=1080%2C1620&ssl=1)
Apartment buildings are a great investment in Salem as well as many other areas in Oregon due to a large amount of the population being renters. The number of recreational activities paired with the beautiful landscape of the area will undoubtedly keep tenants happy.
There is also a rapid lease-up of newly constructed apartments in Salem. If you are unfamiliar with the term, a lease-up is simply the time between when a new apartment community is announced and about a year after that announcement. When lease-ups are successful, apartments will enjoy high occupancy rates as well as higher-than-average rent rates.
If you want to double down on the investment, you can even go as far as purchasing an apartment complex. The reasons for investing in a single apartment versus an apartment complex in Salem are similar. The main difference between the nature of the investments is that a complex requires more capital upfront, and will also require you to be more involved. The benefit is that it will also provide the investor with larger returns.
The key takeaway is that Salem, Oregon continues to provide a perfect opportunity for real estate investors. Solid economic fundamentals combined with a population that is heavily reliant on rental properties make for a great place to put your money to work. The area is also great for residents, as there are many activities for them to enjoy as well as solid opportunity and a sense of stability.
![Untitled design (39)](https://i0.wp.com/www.eugene-commercial.com/wp-content/uploads/2021/05/Untitled-design-39.png?resize=1080%2C1080&ssl=1)