246 State St St, Salem, OR 97301 | MLS #832198

Listing provided courtesy of COLDWELL BNKR/COMMERCIAL DIVMLS# 832198

Contact Information: Direc: 503-884-6281

The Historic Tiger Engine Co. No. 2 Fire House! Discover a unique owner-user opportunity or investment opportunity with tremendous rental upside. This gorgeous, remodeled historic 4,573 +/-sq. ft. building, constructed in the 1900s, features a perfectly suited street retail or office space on the ground floor and two separate rental units located on the 2nd floor (1 bed/1 bath & 2 bed/1 bath). See sale brochure

Source: Willamette Valley MLS, MLS#: 832198

Love this property?

Create a profile so you can receive updates on this property as soon as they happen!

Property Type

Commercial Sale
Lot

0.12 acres

Get in Contact

Would you like to know more about this property? We're here to help! Let's connect and find what you're looking for.

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

Estimated Monthly Cost

Price

Down Payment

$ %

Loan Length (years)

Interest Rate

* 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.

Life at 246 State St St

Schools

School data courtesy of LiveBy, Inc.

Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date	Event	Value	Agent
1/30/2026Source: Willamette Valley MLS	Price Reduction	$950,000 -9.1%
8/2/2025Source: Willamette Valley MLS	Added to Database	August 02, 2025