Oak Park Apartments in Salem

105 Otter Ave, Salem, Virginia 24153

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Oak Park Apartments in Salem is managed by TM Associates Management, Inc.

Oak Park is an affordable apartment community in Salem, Virginia, offering 2- and 3-bedroom units. This community is located close to downtown Salem and offers a laundry facility and a playground.

Unit (Bd/Ba) Ft2 Rent
Two Bedroom (2/1) - Call for Price
Three Bedroom (3/1) - Call for Price

Eligibility for Oak Park Apartments in Salem

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Salem but actual income limits may differ for units at Oak Park Apartments in Salem.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person
Very Low Income (50%) $32,000 $36,600 $41,150 $45,700 $49,400 $53,050
Low Income (60%) $38,400 $43,920 $49,380 $54,840 $59,280 $63,660

Oak Park Apartments in Salem Details

  • 144 two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Playground
  • On-Site Manager
  • On-Site Maintenance
  • Laundry Facilities
  • On Bus-line

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Refrigerator
  • Oven and Range
  • Balconies or Patios Available
  • Heat and Hot Water Included

Nearby Amenities

  • Close to Downtown District
  • Near Schools

Office Hours

Day Hours
Monday 8:00am-5:00pm
Tuesday 8:00am-5:00pm
Wednesday 8:00am-5:00pm
Thursday 8:00am-5:00pm
Friday 8:00am-5:00pm
Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

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Image of Oak Park Apartments in Salem