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    Salem, OR
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    Salem, OR Apartment Buildings for Sale

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    Keizer, OR Turner, OR Rickreall, OR Aumsville, OR Jefferson, OR Independence, OR Brooks, OR Dallas, OR
    6 properties
    Multifamily Apartment Building with Laundry
    Updated: Mar 23
    Multifamily Apartment Building with Laundry

    1341 Saginaw St S, Salem, OR 97317

    $899,900
    5,278 sqft 0.26 AC lot
    2‑bedroom, 1‑bath units with off‑street parking and an on‑site laundry room
    Electric heat with zoned system and separate meters
    New roof and gutters; tile roof
    Built in 1964 with deck patio/porch feature
    Fireplace included
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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

      6.5%
      Above avg (5.9%)

    • Est. NOI

      $58K
      Annual

    • Price @ 7% Cap

      $834K
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1964
    View Property Analytics
    Newer Multifamily Building in Salem
    Updated: May 12
    Newer Multifamily Building in Salem

    2195 Audubon Avenue Southeast, Salem, OR 97302

    $1,295,000
    5,985 sqft 0.18 AC lot
    Newly constructed 6‑plex (2024) with modern living spaces.
    Located in Salem's sustainable Pringle Creek Community with LEED‑certified architecture.
    100% leased to qualified tenants, providing immediate income.
    Pro‑forma 5.89% cap rate at list price.
    Features a mix of 2BR/2BA units with varying sizes (892 SF and 1,100 SF).
    View details
    Garden-Style 47-Unit Multifamily
    Garden-Style 47-Unit Multifamily

    4169 Campus Lp NE, Salem, OR 97305

    $10,000,000
    43,626 sqft 2.98 AC lot

    Garden-style multifamily property with 47 units and ample on-site parking in Salem, Oregon.

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    Salem Multifamily Investment Opportunity
    Salem Multifamily Investment Opportunity

    2522 Simpson St SE, Salem, OR 97301

    $895,000
    4,202 sqft 0.30 AC lot

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

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Value-Add Studio Apartment Property
    Value-Add Studio Apartment Property

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

    $495,000
    1,624 sqft

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

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    New Multifamily Property in Salem
    New Multifamily Property in Salem

    3310 Crawford St, Salem, OR 97302

    $2,950,000
    0.37 AC lot

    New construction multifamily property in South Salem, Oregon.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 6 Active listings in Salem, OR, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Three-Bedroom Multifamily with Fenced Yards
    Three-Bedroom Multifamily with Fenced Yards

    Mount Angel, OR 97362

    $1,050,000
    4,680 sqft 0.43 AC lot

    Five-unit multifamily features three bedrooms per unit, washer/dryer hookups, and private fenced backyards with storage.

    View details
    Mount Angel Multifamily Investment
    Mount Angel Multifamily Investment

    880 N Pershing St, Mount Angel, OR 97362

    $1,050,000
    4,680 sqft

    Five-unit property with cash flow and upside potential.

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    Entitled Multifamily Development Opportunity
    Entitled Multifamily Development Opportunity

    119 N Pacific, Woodburn, OR 97071

    $1,100,000

    35-unit multifamily development opportunity in Woodburn with approved permits.

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    Multifamily Apartment Building
    Multifamily Apartment Building

    1570-1590 James Street, Woodburn, OR 97071

    $4,850,000
    23,640 sqft

    For sale multifamily property offering income-focused ownership with a stated 6.43% cap rate.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Pahrump Land Investment Opportunity
    Pahrump Land Investment Opportunity

    2001 Casino Street, Pahrump, NV 89048

    Contact for pricing
    0.31 AC lot

    0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

    View details
    Lancaster Corner Lot Investment Opportunity
    Lancaster Corner Lot Investment Opportunity

    Newgrove Street, Lancaster, CA 93534

    $350,000
    0.17 AC lot

    0.17-acre corner lot in Lancaster with development potential.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    31426 The Old Road N, Castaic, CA 91384

    $2,250,000
    2.05 AC lot

    2+ acres of commercially zoned land with freeway exposure.

    View details
    Development Opportunity with DTLA Views
    Development Opportunity with DTLA Views

    700 Lookout Dr, Los Angeles, CA 90012

    $799,000
    0.22 AC lot

    Land with potential for up to 23 units.

    View details

    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.

    2205 Marine NW Dr
    APARTMENT HOUSE (5+ UNITS)

    2205 Marine NW Dr, Salem, OR 97304-3277

    $8,740,000
    Estimated value
    84,438 sqft 4.89 AC lot
    View details
    1053 Ruge NW St
    APARTMENT HOUSE (5+ UNITS)

    1053 Ruge NW St, Salem, OR 97304-3968

    Value Estimation by Request
    4,103 sqft 0.23 AC lot
    View details
    890 Cascade NW Dr
    APARTMENT HOUSE (5+ UNITS)

    890 Cascade NW Dr, Salem, OR 97304-3764

    Value Estimation by Request
    3,912 sqft 0.60 AC lot
    View details
    181 Mcnary NW Ave
    APARTMENT HOUSE (5+ UNITS)

    181 Mcnary NW Ave, Salem, OR 97304-4037

    $565,000
    Estimated value
    5,078 sqft 0.40 AC lot
    View details
    1304 Wallace NW Rd, Unit 1
    APARTMENT HOUSE (5+ UNITS)

    1304 Wallace NW Rd, Salem, OR 97304-3075

    Unit 1
    Value Estimation by Request
    39,540 sqft 1.83 AC lot
    View details
    1228 Dorval NW Ave
    APARTMENT HOUSE (5+ UNITS)

    1228 Dorval NW Ave, Salem, OR 97304-3024

    $835,000
    Estimated value
    7,540 sqft 0.39 AC lot
    View details
    1142 6th NW St
    APARTMENT HOUSE (5+ UNITS)

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

    Value Estimation by Request
    3,396 sqft 0.14 AC lot
    View details
    1132 6th NW St
    APARTMENT HOUSE (5+ UNITS)

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

    Value Estimation by Request
    3,396 sqft 0.14 AC lot
    View details
    120 Hrubetz SE Rd
    APARTMENT HOUSE (5+ UNITS)

    120 Hrubetz SE Rd, Salem, OR 97302-5024

    $1,680,000
    Estimated value
    25,344 sqft 0.67 AC lot
    View details
    1065 Liberty SE St
    APARTMENT HOUSE (5+ UNITS)

    1065 Liberty SE St, Salem, OR 97302-4140

    $3,040,000
    Estimated value
    3,600 sqft 0.28 AC lot
    View details
    1015 Liberty SE St
    APARTMENT HOUSE (5+ UNITS)

    1015 Liberty SE St, Salem, OR 97302-4140

    $3,040,000
    Estimated value
    3,600 sqft 0.28 AC lot
    View details
    1225 8th NW St
    APARTMENT HOUSE (5+ UNITS)

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

    $1,125,000
    Estimated value
    7,244 sqft 0.29 AC lot
    View details
    424 Ctr NE St
    APARTMENT HOUSE (5+ UNITS)

    424 Ctr NE St, Salem, OR 97301-3624

    $1,390,000
    Estimated value
    59,174 sqft 0.69 AC lot
    View details
    1290 Chemeketa NE St
    APARTMENT HOUSE (5+ UNITS)

    1290 Chemeketa NE St, Salem, OR 97301

    Value Estimation by Request
    31,033 sqft 0.31 AC lot
    View details
    348 12th NE St
    APARTMENT HOUSE (5+ UNITS)

    348 12th NE St, Salem, OR 97301

    $3,505,000
    Estimated value
    31,033 sqft 0.15 AC lot
    View details
    653 Fir Gdns NW St
    APARTMENT HOUSE (5+ UNITS)

    653 Fir Gdns NW St, Salem, OR 97304-4324

    $550,000
    Estimated value
    3,104 sqft 0.49 AC lot
    View details
    220 Cottage NE St
    APARTMENT HOUSE (5+ UNITS)

    220 Cottage NE St, Salem, OR 97301-1429

    $890,000
    Estimated value
    17,338 sqft 0.33 AC lot
    View details
    601 Gln Crk NW Rd
    APARTMENT HOUSE (100+ UNITS)

    601 Gln Crk NW Rd, Salem, OR 97304-3152

    $5,075,000
    Estimated value
    46,093 sqft 2.74 AC lot
    View details

    Salem, OR Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Salem, OR, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 69,541 square feet of properties for sale, with an estimated market value of $15,678,900.

    Sale prices for two-family homes in Salem, OR start at $495,000, averaging $2,239,842, 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
    97302 $895K
    97317 $899.9K
    97301 $996.3K
    97304 $1.2M
    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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    Most Searched ZIP Codes in Salem, OR

    • 97302
    • 97301
    • 97305
    • 97317

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