Built in 1894 and meticulously restored, the Bishop Building at 145 Liberty St NE in downtown Salem offers over 24,000 sq ft of mixed-use space blending historic charm with modern luxury. The property features eight spacious two-bedroom townhome-style apartments, each 1,500–1,800 sq ft with designer finishes including stainless steel appliances, granite countertops, exposed brick, gas fireplaces, walk-in closets, dual sinks, motorized shades, full-size washers/dryers, and A/C. Multiple commercial spaces are home to quality long-term retail tenants, providing a strong income stream, while a vacant full basement offers value-add potential. Current residential rents ranging from $2,000–$2,250, the Bishop Building delivers both financial performance and lifestyle appeal. Located steps from Riverfront City Park, Wilson Park, Willamette University, and an array of cafés, restaurants, and cultural attractions, this heritage property offers a rare opportunity to own a piece of Salem’s history in a vibrant, urban setting.