555 Roddy Road Multifamily In Salem Sold For $2.025 Million With Michael Hammond As The Broker

555 Roddy Road, located in Salem, has been sold for $2.025 million. This multifamily asset encompasses 34 apartment units distributed across three buildings, featuring both one- and two-bedroom configurations. The total square footage of the property is 22,528, with a price per unit of $59,559 and a price per square foot of $90. The sale also includes 12 leased storage units, common laundry facilities, and adjacent vacant land zoned for commercial development.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,025,000
• Address: 555 Roddy Road
• Market: Salem
• Acres: 6.3
• Units: 34
• Price per Unit: $59,559
• Square Footage: 22,528
• Price per Square Foot: $90
• Storage Units: 12

The transaction was facilitated by broker Michael Hammond of Property Peddler, representing the interests involved in this multifamily deal. The sale reflects a strategic investment in the Salem market, highlighting the property’s potential for future development due to its commercial-zoned land.