Salem, OR Apartment Buildings for Sale

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Keizer, OR Turner, OR Brooks, OR Aumsville, OR Jefferson, OR Gervais, OR Independence, OR Silverton, OR

11 properties

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Updated: Mar 23

Apartment Building with On-Site Laundry

1341 Saginaw St S, Salem, OR 97317

$799,900

5,278 sqft 0.26 AC lot

5,278‑square‑foot apartment property on 0.26 acres
Each unit includes 2 bedrooms and 1 bathroom
Two vacant units are undergoing renovation
Electric heat with separate meters
Off‑street parking and on‑site laundry room

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This listing looks promising.

Here's a quick look at some key insights for

1341 Saginaw St S, Salem, OR 97317

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Est. Cap Rate

7.3%
Above avg (5.9%)
Est. NOI

$58K
Annual
Price @ 7% Cap

$834K
Above asking
Property Type

Apartments (Generic)
Built 1964

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Updated: Oct 10, 2025

Garden-Style 47-Unit Multifamily

4169 Campus Lp NE, Salem, OR 97305

$10,000,000

43,626 sqft 2.98 AC lot

47‑unit multi‑family property in Salem
Year built: 1981
Low‑density garden‑style design
Ample on‑site parking
Strong historical occupancy (per remarks)

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Newer Multifamily Building in Salem

2195 Audubon Avenue Southeast, Salem, OR 97302

$1,295,000

5,985 sqft 0.18 AC lot

Six-unit multifamily property in master-planned sustainable community.

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Six-Unit Apartment Community with Private Backyards

133-143 Friendship Ave SE, Salem, OR 97302

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4,896 sqft

Well-maintained 6-unit building with single-level 2-bedroom apartments, private backyards, and washer/dryer hookups.

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Value-Add Studio Apartment Property

1340-1348 & 1354 Lee St. SE, Salem, OR 97302

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1,624 sqft

Five-unit studio apartment building with value-add potential in Salem, Oregon.

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6-Unit Multifamily Building

1207 D ST, Salem, OR 97301

$789,900

Updated flooring, appliances, and paint enhance several recently refreshed units.

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Two-Story Garden-Style Apartment Community

4135 State St, Salem, OR 97301

$3,300,000

Hideaway Court is a 24-unit, two-story garden-style apartment community with on-site laundry and surface parking.

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42-Unit Multifamily Apartment Building

4433-4437 Mahrt Ave SE, Salem, OR 97317

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1.81 AC lot

New-construction 42-unit multifamily property with in-unit washer/dryer, covered patios or decks, and air conditioning.

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Salem Multifamily Investment Opportunity

2522 Simpson St SE, Salem, OR 97301

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4,202 sqft 0.30 AC lot

Eight-unit apartment complex in Salem with strong income potential.

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Cottage-Style Multifamily Community

1254 8th St NW, Salem, OR 97304

$2,300,000

Single-level 1- and 2-bedroom units offer off-street parking, with an on-site laundry facility and select recent updates.

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New Multifamily Property in Salem

3310 Crawford St, Salem, OR 97302

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0.37 AC lot

New construction multifamily property in South Salem, Oregon.

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 11 Active listings in Salem, OR, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Five-Unit Apartment Building

Mount Angel, OR 97362

$1,050,000

4,680 sqft 0.43 AC lot

RM-zoned apartment property with private fenced yards, storage units, and washer-dryer hookups serving each residence.

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Mount Angel Multifamily Investment

Mount Angel, OR 97362

$1,050,000

4,680 sqft

Five-unit property with cash flow and upside potential.

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Apartment Building for Sale

4853 Verda Lane NE, Keizer, OR 97303

$31,500,000

For-sale apartment building in Keizer, Oregon.

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18-Unit Apartment Building Opportunity

431-437 Chemawa Rd N Salem, Keizer, OR 97303

Contact for pricing

Newly built 18-unit multifamily property is 100% occupied and includes one duplex and a two-bedroom house.

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Off-Market Properties in Salem, OR

Consider similar Off-Market properties in Salem, OR. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (5+ UNITS)

2205 Marine NW Dr, Salem, OR 97304-3277

$8,740,000

Estimated value

84,438 sqft 4.89 AC lot

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APARTMENT HOUSE (5+ UNITS)

1053 Ruge NW St, Salem, OR 97304-3968

$470,000

Estimated value

4,103 sqft 0.23 AC lot

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APARTMENT HOUSE (5+ UNITS)

890 Cascade NW Dr, Salem, OR 97304-3764

$280,000

Estimated value

3,912 sqft 0.60 AC lot

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APARTMENT HOUSE (5+ UNITS)

181 Mcnary NW Ave, Salem, OR 97304-4037

$280,000

Estimated value

5,078 sqft 0.40 AC lot

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APARTMENT HOUSE (5+ UNITS)

1304 Wallace NW Rd, Salem, OR 97304-3075

Unit 1

$17,215,000

Estimated value

39,540 sqft 1.83 AC lot

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APARTMENT HOUSE (5+ UNITS)

1228 Dorval NW Ave, Salem, OR 97304-3024

$555,000

Estimated value

7,540 sqft 0.39 AC lot

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APARTMENT HOUSE (5+ UNITS)

1142 6th NW St, Salem, OR 97304-3964

$330,000

Estimated value

3,396 sqft 0.14 AC lot

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APARTMENT HOUSE (5+ UNITS)

1132 6th NW St, Salem, OR 97304-3964

$330,000

Estimated value

3,396 sqft 0.14 AC lot

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APARTMENT HOUSE (5+ UNITS)

120 Hrubetz SE Rd, Salem, OR 97302-5024

$1,680,000

Estimated value

25,344 sqft 0.67 AC lot

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APARTMENT HOUSE (5+ UNITS)

1065 Liberty SE St, Salem, OR 97302-4140

$3,040,000

Estimated value

3,600 sqft 0.28 AC lot

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APARTMENT HOUSE (5+ UNITS)

1015 Liberty SE St, Salem, OR 97302-4140

$3,040,000

Estimated value

3,600 sqft 0.28 AC lot

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APARTMENT HOUSE (5+ UNITS)

1225 8th NW St, Salem, OR 97304-3708

$1,125,000

Estimated value

7,244 sqft 0.29 AC lot

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APARTMENT HOUSE (5+ UNITS)

424 Ctr NE St, Salem, OR 97301-3624

$1,390,000

Estimated value

59,174 sqft 0.69 AC lot

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Salem, OR Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in Salem, OR, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 65,611 square feet of properties for sale, with an estimated market value of $18,484,800.

Sale prices for two-family homes in Salem, OR start at $789,900, averaging $3,080,800, and reaching up to $10,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 279K

Population Growth (5Y) +5.0%

Median Household Income $76,436

College Educated 19.3%

High-Yield Neighborhoods for Investment

Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
97317	$850K
97304	$2.3M
97301	$2.8M
97302	$7.5M
97305	$10M

Taxes & Financing

Tax Rate (average for all types) 1.85%

Property Tax per SF $20.84 per SF

Tax Rate vs County Average 0.05 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Marion County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Marion County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Salem fall within the 100,000+ square foot range.

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Salem, OR Apartment Buildings for Sale

1341 Saginaw St S, Salem, OR 97317

4169 Campus Lp NE, Salem, OR 97305

2195 Audubon Avenue Southeast, Salem, OR 97302

133-143 Friendship Ave SE, Salem, OR 97302

1340-1348 & 1354 Lee St. SE, Salem, OR 97302

1207 D ST, Salem, OR 97301

4135 State St, Salem, OR 97301

4433-4437 Mahrt Ave SE, Salem, OR 97317

2522 Simpson St SE, Salem, OR 97301

1254 8th St NW, Salem, OR 97304

3310 Crawford St, Salem, OR 97302

Opportunities in Nearby Cities

Mount Angel, OR 97362

Mount Angel, OR 97362

4853 Verda Lane NE, Keizer, OR 97303

431-437 Chemawa Rd N Salem, Keizer, OR 97303

Off-Market Properties in Salem, OR

2205 Marine NW Dr, Salem, OR 97304-3277

1053 Ruge NW St, Salem, OR 97304-3968

890 Cascade NW Dr, Salem, OR 97304-3764

181 Mcnary NW Ave, Salem, OR 97304-4037

1304 Wallace NW Rd, Salem, OR 97304-3075

1228 Dorval NW Ave, Salem, OR 97304-3024

1142 6th NW St, Salem, OR 97304-3964

1132 6th NW St, Salem, OR 97304-3964

120 Hrubetz SE Rd, Salem, OR 97302-5024

1065 Liberty SE St, Salem, OR 97302-4140

1015 Liberty SE St, Salem, OR 97302-4140

1225 8th NW St, Salem, OR 97304-3708

424 Ctr NE St, Salem, OR 97301-3624

Salem, OR Apartment Buildings Market Trends and Statistics

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Residential Income

Property Size Breakdown

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