990 Broadway

Located in downtown Salem, this property is centrally positioned with close access to public transportation, I-5, retail, dining, banks and more. 990 Broadway is made up of one retail space and 23 pet-friendly residential units ranging from studios to two bedrooms and offers off-street parking to its residents. Each unit is equipped with a high-efficiency kitchen and laundry appliances, LVP flooring, heating and air conditioning.

Salem has high-demand on rental units with not enough availability, which will drive a full occupancy rate for years to come. This property allows for residents to live in a higher-end space at an affordable rate, bringing a greatly sought-after product to the Salem area. Prior to opening, 48% of the units were leased at asking rents, including a 10-year lease on the retail space.