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New Multifamily Property in Salem
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3310 Crawford St, Salem, OR 97302

New construction multifamily property in South Salem, Oregon.

Property SizeContact for details
Lot Size0.37 Acres
Days on Market819

Property Features for 3310 Crawford St

General Information

Standard status Active
Class A
Lot size 0.37 Acres
Property subtype Multifamily
Zoning RM2
Occupancy 100%
Net Operating Income $155,590

Building Details

Year Built 2023
Buildings 4
Stories 3
Units 12
Listing Agency: First Commercial Real Estate Services
Listed By: Tanner Morgan · License #201247465
Source: Crexi
Added: May 25, 2024 Changed: Aug 16 Last Checked: Aug 20 at 3:55PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Commercial Real Estate Services

Investment Insights

Based on property information with market context.

This is a newly constructed multifamily property located in South Salem. The property, built by a local developer, is situated on a 0.37-acre parcel. It consists of 4 buildings, each designed for efficiency and optimized for maximum unit density as permitted by the City of Salem. Each unit includes a main level with two private garages and a private entrance to the common area, providing access to the 2nd and 3rd floor units, along with a private entrance to the main level studio bedroom. The property is located within walking distance of retailers such as Starbucks and Roth’s Fresh Markets.

Key Highlights

  • Brand new construction (2023)
  • Multi‑family property with 4 buildings
  • Built by a prominent local developer

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Locksmith Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

982
Businesses Nearby

Demographics for 97302, OR

39,776
Population
17,888
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
23.5 sq mi
ZIP Area
1,693
Density / Sq Mi
$83,697
Median Household Income
$44,623
Median Earnings
$1,230
Median Rent
$415,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - New construction multifamily property in South Salem, Oregon.
Where is this apartment building located?
The property is located at 3310 Crawford St Salem, OR.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Brand new construction (2023); Multi‑family property with 4 buildings; Built by a prominent local developer
(503) 364-7400 Call to check price and availability
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